Unit (NYSE:UNT) will announce its earnings results before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.18 per share for the quarter.
Shares of Unit (UNT) opened at $20.63 on Thursday. The company has a market capitalization of $1,094.61, a price-to-earnings ratio of 35.57 and a beta of 2.91. Unit has a fifty-two week low of $15.29 and a fifty-two week high of $28.44. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 0.64.
A number of analysts have commented on UNT shares. Zacks Investment Research lowered Unit from a “hold” rating to a “sell” rating in a report on Friday, October 27th. ValuEngine lowered Unit from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. SunTrust Banks reissued a “buy” rating and issued a $25.00 target price on shares of Unit in a report on Friday, November 3rd. Cowen set a $27.00 target price on Unit and gave the stock a “hold” rating in a report on Thursday, January 18th. Finally, Scotiabank reissued a “hold” rating and issued a $23.00 target price on shares of Unit in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.00.
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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