Unit (UNT) Getting Positive Media Coverage, Analysis Finds

News headlines about Unit (NYSE:UNT) have been trending positive recently, according to AlphaOne. The research group, a subsidiary of Accern, identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Unit earned a coverage optimism score of 0.48 on AlphaOne’s scale. AlphaOne also gave press coverage about the oil and gas company an impact score of 33 out of 100, indicating that recent press coverage is unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted AlphaOne’s analysis:

Several analysts recently weighed in on the stock. National Securities reaffirmed a “buy” rating and issued a $30.00 target price on shares of Unit in a report on Monday, May 8th. KLR Group raised shares of Unit from a “reduce” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Friday, May 5th. Scotiabank set a $29.00 target price on shares of Unit and gave the company a “hold” rating in a report on Monday, March 27th. Finally, Zacks Investment Research raised shares of Unit from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $26.20.

Shares of Unit (NYSE UNT) traded up 2.19% during mid-day trading on Thursday, reaching $18.22. 111,913 shares of the company traded hands. The company’s market capitalization is $962.44 million. Unit has a 52-week low of $11.06 and a 52-week high of $30.63. The firm’s 50 day moving average price is $20.43 and its 200-day moving average price is $23.97.

Unit (NYSE:UNT) last announced its earnings results on Thursday, May 4th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.08. Unit had a negative net margin of 74.42% and a negative return on equity of 2.61%. The business had revenue of $175.70 million during the quarter, compared to analyst estimates of $177.58 million. During the same period in the previous year, the company earned ($0.41) earnings per share. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. Equities analysts predict that Unit will post $0.93 earnings per share for the current fiscal year.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UNT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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