Capital One Financial Weighs in on Unit Co.’s FY2017 Earnings (UNT)

Unit Co. (NYSE:UNT) – Equities researchers at Capital One Financial raised their FY2017 EPS estimates for Unit in a research note issued on Tuesday, Zacks Investment Research reports. Capital One Financial analyst B. Velie now forecasts that the oil and gas company will post earnings of $0.51 per share for the year, up from their prior estimate of $0.39. Capital One Financial also issued estimates for Unit’s Q4 2017 earnings at $0.19 EPS, Q1 2018 earnings at $0.32 EPS and FY2018 earnings at $1.17 EPS.

Other equities research analysts have also issued reports about the company. ValuEngine lowered Unit from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Zacks Investment Research downgraded Unit from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Cowen set a $27.00 price objective on Unit and gave the stock a “hold” rating in a research note on Thursday, January 18th. Scotiabank reiterated a “hold” rating and set a $23.00 target price on shares of Unit in a report on Friday, November 3rd. Finally, SunTrust Banks reiterated a “buy” rating and issued a $25.00 target price on shares of Unit in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $25.00.

Unit (NYSE UNT) opened at $20.63 on Thursday. Unit has a 12-month low of $15.29 and a 12-month high of $28.44. The firm has a market capitalization of $1,066.05, a PE ratio of 35.57 and a beta of 2.91. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.66 and a current ratio of 0.67.

Large investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC bought a new stake in shares of Unit during the second quarter worth $214,000. Bailard Inc. bought a new stake in shares of Unit in the fourth quarter worth $288,000. Wedge Capital Management L L P NC grew its stake in shares of Unit by 31.5% in the third quarter. Wedge Capital Management L L P NC now owns 14,984 shares of the oil and gas company’s stock worth $308,000 after purchasing an additional 3,590 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in Unit in the fourth quarter valued at $310,000. Finally, Macquarie Group Ltd. acquired a new position in Unit in the third quarter valued at $313,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.

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About Unit

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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Earnings History and Estimates for Unit (NYSE:UNT)

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