Unit Co. (NYSE:UNT) – Analysts at Capital One Financial issued their FY2020 EPS estimates for shares of Unit in a report issued on Wednesday, November 13th. Capital One Financial analyst B. Velie anticipates that the oil and gas company will post earnings of ($0.67) per share for the year.
Unit (NYSE:UNT) last posted its earnings results on Friday, November 8th. The oil and gas company reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.06). Unit had a negative return on equity of 0.67% and a negative net margin of 40.93%. The firm had revenue of $155.44 million for the quarter, compared to the consensus estimate of $160.87 million. During the same period in the prior year, the business earned $0.30 EPS. Unit’s quarterly revenue was down 29.4% compared to the same quarter last year.
Shares of Unit stock traded up $0.02 during mid-day trading on Friday, hitting $0.81. 84,548 shares of the stock were exchanged, compared to its average volume of 1,023,509. Unit has a 12 month low of $0.77 and a 12 month high of $22.75. The company has a 50-day simple moving average of $2.51 and a 200 day simple moving average of $6.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.67 and a current ratio of 0.68. The company has a market capitalization of $48.81 million, a P/E ratio of 0.81 and a beta of 2.69.
A number of institutional investors have recently added to or reduced their stakes in UNT. Global Alpha Capital Management Ltd. lifted its holdings in shares of Unit by 76.9% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,347,491 shares of the oil and gas company’s stock worth $11,979,000 after acquiring an additional 585,610 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Unit by 10.7% during the second quarter. Victory Capital Management Inc. now owns 3,597,666 shares of the oil and gas company’s stock valued at $31,983,000 after acquiring an additional 348,325 shares during the last quarter. Morgan Stanley raised its stake in shares of Unit by 135.9% during the second quarter. Morgan Stanley now owns 452,362 shares of the oil and gas company’s stock valued at $4,023,000 after acquiring an additional 260,576 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of Unit during the second quarter valued at about $1,963,000. Finally, First Trust Advisors LP increased its position in shares of Unit by 110.4% during the third quarter. First Trust Advisors LP now owns 316,333 shares of the oil and gas company’s stock valued at $1,069,000 after buying an additional 165,965 shares during the period. Institutional investors and hedge funds own 86.37% of the company’s stock.
Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States. It operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment explores for, acquires, develops, and produces oil and natural gas properties.
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