Unit Co. (UNT) Given Average Rating of “Hold” by Analysts

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.

Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of Unit by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,593 shares of the oil and gas company’s stock valued at $761,000 after purchasing an additional 1,598 shares during the period. Tygh Capital Management Inc. raised its position in shares of Unit by 5.0% during the 3rd quarter. Tygh Capital Management Inc. now owns 60,270 shares of the oil and gas company’s stock valued at $1,240,000 after purchasing an additional 2,858 shares during the period. Morgan Dempsey Capital Management LLC raised its position in shares of Unit by 4.2% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 77,804 shares of the oil and gas company’s stock valued at $1,591,000 after purchasing an additional 3,120 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Unit by 31.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 14,984 shares of the oil and gas company’s stock valued at $308,000 after purchasing an additional 3,590 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Unit by 8.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $971,000 after purchasing an additional 3,616 shares during the period. Hedge funds and other institutional investors own 95.49% of the company’s stock.

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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.

Analyst Recommendations for Unit (NYSE:UNT)

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