Wall Street brokerages forecast that Unit Co. (NYSE:UNT) will report earnings of $0.20 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Unit’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.25. Unit posted earnings per share of $0.10 in the same quarter last year, which suggests a positive year-over-year growth rate of 100%. The company is expected to report its next quarterly earnings report on Thursday, November 1st.
On average, analysts expect that Unit will report full-year earnings of $0.86 per share for the current year, with EPS estimates ranging from $0.76 to $0.96. For the next year, analysts anticipate that the business will post earnings of $1.09 per share, with EPS estimates ranging from $0.97 to $1.29. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Unit.
Unit (NYSE:UNT) last posted its earnings results on Thursday, August 9th. The oil and gas company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.07. Unit had a net margin of 13.28% and a return on equity of 2.78%. The firm had revenue of $203.30 million during the quarter, compared to the consensus estimate of $202.88 million. During the same quarter last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis.
Unit stock traded up $0.66 during trading on Friday, hitting $25.52. The company had a trading volume of 210,473 shares, compared to its average volume of 426,000. The company has a market capitalization of $1.41 billion, a PE ratio of 47.26 and a beta of 3.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.13 and a current ratio of 1.13. Unit has a 1-year low of $16.17 and a 1-year high of $29.06.
In other Unit news, insider Robert Parks sold 22,806 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $27.25, for a total value of $621,463.50. Following the completion of the transaction, the insider now owns 77,348 shares in the company, valued at $2,107,733. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.17% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Unit during the first quarter worth $110,000. Strs Ohio acquired a new position in shares of Unit during the second quarter worth $237,000. Fox Run Management L.L.C. acquired a new position in shares of Unit during the third quarter worth $253,000. Meadow Creek Investment Management LLC grew its stake in shares of Unit by 26.8% during the second quarter. Meadow Creek Investment Management LLC now owns 9,940 shares of the oil and gas company’s stock worth $254,000 after purchasing an additional 2,100 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Unit during the second quarter worth $286,000. Hedge funds and other institutional investors own 95.77% of the company’s stock.
Unit Corporation, together with its subsidiaries, operates as a diversified energy company in the United States. The company operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment acquires, explores, develops, and produces oil and natural gas properties.
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