Shares of Unit Co. (NYSE:UNT) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $26.00.
Several research analysts have weighed in on the stock. ValuEngine downgraded shares of Unit from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Scotiabank reiterated a “hold” rating and issued a $23.00 price target on shares of Unit in a research report on Friday, November 3rd. Cowen set a $27.00 price target on shares of Unit and gave the stock a “hold” rating in a research report on Thursday, January 18th. KLR Group downgraded shares of Unit from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $25.00 price target on shares of Unit in a research report on Friday, November 3rd.
Unit (NYSE UNT) opened at $20.70 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.67 and a quick ratio of 0.66. Unit has a 52-week low of $15.29 and a 52-week high of $28.48. The firm has a market cap of $1,080.86, a P/E ratio of 35.69 and a beta of 2.91.
Unit Company Profile
Unit Corporation is an oil and natural gas contract drilling company. The Company has operations in the exploration and production and mid-stream areas. The Company operates through three segments: Oil and Natural Gas, Contract Drilling and Mid-Stream. It is primarily engaged in the exploration, development, acquisition, and production of oil and natural gas properties, the land contract drilling of natural gas and oil wells, and the buying, selling, gathering, processing and treating of natural gas.
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