Unit Company Profile (NYSE:UNT)

About Unit

Unit logoUnit 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. Its Oil and Natural Gas operations are carried out by its subsidiary Unit Petroleum Company. The Oil and Natural Gas segment explores, develops, acquires, and produces oil and natural gas properties. Contract Drilling operations are carried out by subsidiary Unit Drilling Company. It drills onshore oil and natural gas wells for its own account, as well as for other oil and natural gas companies. Its Mid-Stream operations are carried out by subsidiary Superior Pipeline Company, L.L.C.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Drilling & Exploration
  • Sub-Industry: Oil & Gas Drilling
  • Exchange: NYSE
  • Symbol: UNT
  • CUSIP: 90921810
Key Metrics:
  • Previous Close: $27.07
  • 50 Day Moving Average: $26.96
  • 200 Day Moving Average: $21.60
  • 52-Week Range: $3.90 - $30.63
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 25.78
  • P/E Growth: 0.59
  • Market Cap: $1.37B
  • Outstanding Shares: 51,486,000
  • Beta: 2.41
Profitability:
  • Net Margins: -74.42%
  • Return on Equity: -2.61%
  • Return on Assets: -1.24%
Debt:
  • Debt-to-Equity Ratio: 0.72%
  • Current Ratio: 0.69%
  • Quick Ratio: 0.66%
Additional Links:
Companies Related to Unit:

Analyst Ratings

Consensus Ratings for Unit (NYSE:UNT) (?)
Ratings Breakdown: 1 Sell Rating, 2 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.75)
Consensus Price Target: $20.25 (25.19% downside)

Analysts' Ratings History for Unit (NYSE:UNT)
Show:
DateFirmActionRatingPrice TargetDetails
12/13/2016KLR GroupDowngradeHold -> Reduce$22.00 -> $21.00View Rating Details
11/7/2016National SecuritiesBoost Price TargetBuy -> Buy$21.00 -> $18.00View Rating Details
6/24/2016Seaport Global SecuritiesReiterated RatingBuy$22.00View Rating Details
5/6/2016Raymond James Financial, Inc.UpgradeMarket Perform -> Strong-Buy$20.00View Rating Details
12/17/2015SunTrust Banks, Inc.Initiated CoverageBuy$18.00View Rating Details
10/7/2015Cowen and CompanyLower Price Target$31.00 -> $23.00View Rating Details
8/17/2015Iberia CapitalUpgradeSector Perform -> OutperformView Rating Details
8/14/2015Howard WeilLower Price Target$40.00 -> $29.00View Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Unit (NYSE:UNT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/23/2017        
2/23/2017Q4 2016$0.07$0.23$168.29 million$174.30 millionViewN/AView Earnings Details
11/3/2016Q3 16($0.08)$0.04$152.05 million$153.40 millionViewN/AView Earnings Details
8/4/2016Q2($0.22)($0.15)$131.05 million$138.30 millionViewN/AView Earnings Details
5/5/2016Q1($0.40)($0.41)$157.08 million$136.20 millionViewN/AView Earnings Details
2/25/2016Q415($0.20)($0.14)$179.34 million$172.30 millionViewListenView Earnings Details
11/3/2015Q315($0.28)$0.03$204.75 million$212.40 millionViewN/AView Earnings Details
8/4/2015Q2($0.18)($0.12)$224.50 million$214.50 millionViewN/AView Earnings Details
5/7/2015Q1 15($0.16)$0.08$262.75 million$255.10 millionViewN/AView Earnings Details
2/24/2015Q414$0.82$0.80$378.55 millionViewN/AView Earnings Details
11/4/2014Q314$1.09$1.37$410.98 million$401.00 millionViewN/AView Earnings Details
8/5/2014Q214$1.15$1.13$398.93 million$405.40 millionViewN/AView Earnings Details
5/8/2014$1.14$1.29ViewN/AView Earnings Details
2/25/2014Q4 13$0.94$1.11ViewN/AView Earnings Details
11/5/2013Q313$1.00$0.85$341.92 million$333.78 millionViewN/AView Earnings Details
8/6/2013Q2 2013$0.93$1.01$331.41 million$340.42 millionViewN/AView Earnings Details
5/7/2013Q1 2013$0.88$0.92$330.53 million$318.53 millionViewN/AView Earnings Details
11/1/2012Q312$0.96$0.97$327.88 million$317.80 millionViewN/AView Earnings Details
5/3/2011$0.87$0.86ViewN/AView Earnings Details
2/22/2011$0.89$0.92ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Unit (NYSE:UNT)
Current Year EPS Consensus Estimate: $-0.45 EPS
Next Year EPS Consensus Estimate: $1.05 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163($0.39)($0.19)($0.31)
Q2 20164($0.48)($0.22)($0.33)
Q3 20164($0.11)($0.05)($0.08)
Q4 20164($0.27)$0.07($0.04)
Q1 20173$0.06$0.14$0.11
Q2 20173$0.11$0.19$0.15
Q3 20173$0.13$0.23$0.17
Q4 20173$0.19$0.26$0.23
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Unit (NYSE:UNT)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Unit (NYSE:UNT)
Insider Ownership Percentage: 3.20%
Institutional Ownership Percentage: 95.56%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/1/2016John G NikkelDirectorBuy2,000$5.72$11,440.00View SEC Filing  
1/22/2016John G NikkelDirectorBuy2,000$8.62$17,240.00View SEC Filing  
9/11/2015Larry C PayneDirectorBuy2,000$11.31$22,620.00View SEC Filing  
8/18/2015G Bailey Iv PeytonDirectorBuy6,000$14.99$89,940.00View SEC Filing  
8/17/2015Gary R ChristopherDirectorBuy10,000$15.21$152,100.00View SEC Filing  
7/21/2015G Bailey Iv PeytonDirectorBuy3,000$22.50$67,500.00View SEC Filing  
6/19/2015Larry D PinkstonCEOBuy3,500$28.84$100,940.00View SEC Filing  
6/18/2015G Bailey Iv PeytonDirectorBuy3,000$29.00$87,000.00View SEC Filing  
4/20/2015Mark E SchellGeneral CounselSell5,500$31.15$171,325.00View SEC Filing  
3/26/2015Robert ParksInsiderSell10,590$27.61$292,389.90View SEC Filing  
12/17/2014John G NikkelDirectorBuy11,000$33.16$364,760.00View SEC Filing  
12/2/2014G Bailey Iv PeytonDirectorBuy3,000$37.00$111,000.00View SEC Filing  
4/8/2014Robert ParksInsiderSell6,931$63.65$441,158.15View SEC Filing  
4/2/2014John NikkelDirectorSell10,150$65.36$663,404.00View SEC Filing  
3/21/2014King KirchnerDirectorSell7,000$63.23$442,610.00View SEC Filing  
3/6/2014J Michael AdcockDirectorSell7,000$61.02$427,140.00View SEC Filing  
2/28/2014William MorganDirectorSell3,500$61.30$214,550.00View SEC Filing  
12/19/2013John CromlingEVPSell9,176$50.45$462,929.20View SEC Filing  
10/11/2013Mark SchellGeneral CounselSell3,919$48.28$189,209.32View SEC Filing  
5/17/2013Mark E SchellGeneral CounselSell4,500$46.50$209,250.00View SEC Filing  
11/15/2012John G NikkelDirectorSell6,874$40.55$278,740.70View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Unit (NYSE:UNT)
DateHeadline
News IconAfter 60 years, can science finally identify who killed 'The Boy in the Box'? (NYSE:UNT)
www.philly.com - February 24 at 9:47 AM
capitalcube.com logoUnit Corp. breached its 50 day moving average in a Bullish Manner : UNT-US : February 24, 2017 (NYSE:UNT)
www.capitalcube.com - February 24 at 9:47 AM
finance.yahoo.com logoExclusive: Trump says Republican border tax could boost U.S. jobs (NYSE:UNT)
finance.yahoo.com - February 24 at 8:12 AM
finance.yahoo.com logoFutures drop along with oil prices (NYSE:UNT)
finance.yahoo.com - February 24 at 8:12 AM
cnbc.com logoChina overtakes US as Germany's biggest trading partner (NYSE:UNT)
www.cnbc.com - February 24 at 4:32 AM
News IconWho’s Testing APD’s Backlog of Evidence? (NYSE:UNT)
www.austinchronicle.com - February 23 at 11:19 PM
News IconEatery 'shacks' on the way at Billingsley's Austin Ranch project (NYSE:UNT)
www.dallasnews.com - February 23 at 11:19 PM
News IconThis Week's Dallas-Fort Worth Deal Sheet (NYSE:UNT)
www.bisnow.com - February 23 at 11:19 PM
sg.finance.yahoo.com logoUnit beats Street 4Q forecasts (NYSE:UNT)
sg.finance.yahoo.com - February 23 at 11:19 PM
biz.yahoo.com logoUNIT CORP Files SEC form 8-K, Results of Operations and Financial Condition, Change in Directors or Principal Officer (NYSE:UNT)
biz.yahoo.com - February 23 at 11:19 PM
marketwatch.com logoThe Wall Street Journal: VX nerve agent used to kill Kim Jong Nam, Malaysia says (NYSE:UNT)
www.marketwatch.com - February 23 at 9:22 PM
cnbc.com logoTrump tells Reuters he wants to expand nuclear arsenal, make US 'top of the pack' (NYSE:UNT)
www.cnbc.com - February 23 at 4:22 PM
seekingalpha.com logoCS&L buying Hunt Telecom for $170M, changing name to Uniti Group (NYSE:UNT)
seekingalpha.com - February 23 at 3:16 PM
seekingalpha.com logoUnity Bancorp declares $0.05 dividend (NYSE:UNT)
seekingalpha.com - February 23 at 1:48 PM
fool.com logoInstant Analysis: United Parcel Service's Updated Guidance (NYSE:UNT)
www.fool.com - February 23 at 12:47 PM
News IconThe $65 ticket to Europe is finally here — And Norwegian Air says it will please Donald Trump (NYSE:UNT)
www.businessinsider.com - February 23 at 11:18 AM
finance.yahoo.com logoUnit Corporation to Participate in Upcoming Conferences (NYSE:UNT)
finance.yahoo.com - February 23 at 2:58 AM
feeds.benzinga.com logoSHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have Losses In Excess Of $100,000 From Investment In Sito Mobile, Ltd. (SITO) To Contact Brower Piven Before The Lead Plaintiff Deadline (NYSE:UNT)
feeds.benzinga.com - February 22 at 11:57 PM
feeds.benzinga.com logoSHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have Losses In Excess Of $100,000 From Investment In FusionPharm, Inc. (FSPM) To Contact Brower Piven Before The Lead Plaintiff Deadline (NYSE:UNT)
feeds.benzinga.com - February 22 at 11:57 PM
feeds.benzinga.com logoSHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have Losses In Excess Of $100,000 From Investment In Alcobra, Ltd. (ADHD) To Contact Brower Piven Before The Lead Plaintiff Deadline (NYSE:UNT)
feeds.benzinga.com - February 22 at 11:57 PM
reuters.com logoFederal Reserve minutes point to rate hike 'fairly soon' - Reuters (NYSE:UNT)
www.reuters.com - February 22 at 3:58 PM
marketwatch.com logoUPS to start ground deliveries on Saturdays - MarketWatch (NYSE:UNT)
www.marketwatch.com - February 22 at 8:18 AM
seekingalpha.com logoUnited Therapeutics revenues up 9%; non-GAAP EPS up 30% in FY16 (NYSE:UNT)
seekingalpha.com - February 22 at 7:32 AM
feeds.benzinga.com logoAssocia Sierra North Expands Services in South Reno and Carson City (NYSE:UNT)
feeds.benzinga.com - February 21 at 6:51 PM
finance.yahoo.com logoDo Options Traders Know Something About Unit Corp. (UNT) Stock We Don't? (NYSE:UNT)
finance.yahoo.com - February 21 at 4:27 PM
feeds.benzinga.com logoJeld-Wen Is Under New Management; Can It Meet Its Full Potential? (NYSE:UNT)
feeds.benzinga.com - February 21 at 3:54 PM
cnbc.com logoUS Treasury chief tells IMF he expects 'frank and candid' forex analysis (NYSE:UNT)
www.cnbc.com - February 21 at 3:16 PM
feeds.benzinga.com logoERI Scientific Beta makes comprehensive carbon reporting available free of charge for all indices (NYSE:UNT)
feeds.benzinga.com - February 21 at 4:36 AM
seekingalpha.com logoUnited Insurance Holdings misses by $0.10, beats on net premiums earned (NYSE:UNT)
seekingalpha.com - February 20 at 11:12 PM
finance.yahoo.com logoAsian stocks steady, euro pressured by French election worries (NYSE:UNT)
finance.yahoo.com - February 20 at 8:57 PM
bloomberg.com logoU.A.E. to Build Russian Warplane as Iran Stokes Mideast Tensions (NYSE:UNT)
www.bloomberg.com - February 20 at 11:58 AM
feeds.benzinga.com logoBasilea reports solid 2016 results and expects to double product sales in 2017 (NYSE:UNT)
feeds.benzinga.com - February 20 at 1:28 AM
feeds.benzinga.com logoExpert Talks Business And Natural Resources In Morocco, Africa: 'Growth Is Still Ahead Of Us' (NYSE:UNT)
feeds.benzinga.com - February 19 at 2:36 PM
News IconWarren Buffett's $10 billion airline investment reveals everything you need to know about the industry - Business Insider (NYSE:UNT)
www.businessinsider.com - February 19 at 2:36 PM
latimes.com logoWhat should airline passengers do if a pilot acts bizarrely? (NYSE:UNT)
www.latimes.com - February 18 at 12:18 PM
News IconUnited's CEO cheated death a month into the job and is now leading the company in a battle to become America's best airline (NYSE:UNT)
www.businessinsider.com - February 18 at 12:18 PM
News IconTrump's sons Eric and Donald Jr. in Dubai to open golf club - Washington Post (NYSE:UNT)
www.washingtonpost.com - February 18 at 8:18 AM
cnbc.com logoUnitedHealth shares fall after Justice Department joins Medicare whistleblower lawsuit (NYSE:UNT)
www.cnbc.com - February 17 at 6:11 PM
feeds.benzinga.com logoAP Publishes Memo Stating National Guard Could Be Mobilized In Illegal Immigrant Roundup; White House Denies (NYSE:UNT)
feeds.benzinga.com - February 17 at 5:00 PM
feeds.benzinga.com logoAerojet Rocketdyne Names Jerry Tarnacki to Lead Space Business Unit (NYSE:UNT)
feeds.benzinga.com - February 17 at 12:46 PM
thestreet.com logoStocks Retreat From Record Highs, UnitedHealth Drags on Dow - TheStreet.com (NYSE:UNT)
www.thestreet.com - February 17 at 12:21 PM
seekingalpha.com logoU.S. DOJ sues UnitedHealth Group over alleged Medicare overcharges; shares slump 3% premarket (NYSE:UNT)
seekingalpha.com - February 17 at 9:28 AM
nytimes.com logoScheme Tied to UnitedHealth Overbilled Medicare for Years, Suit Says - New York Times (NYSE:UNT)
www.nytimes.com - February 17 at 1:22 AM
latimes.com logoSingapore firm acquires L.A.-based pioneer of extended-stay corporate housing (NYSE:UNT)
www.latimes.com - February 16 at 6:27 PM
feeds.benzinga.com logoTesla And The Auto Workers Union (NYSE:UNT)
feeds.benzinga.com - February 16 at 1:42 PM
feeds.benzinga.com logoRedHill Biopharma to Host Fourth Quarter and Full-Year 2016 Financial Results Conference Call on February 23, 2017 (NYSE:UNT)
feeds.benzinga.com - February 16 at 8:14 AM
feeds.benzinga.com logoEarth Science Tech, Inc. Enters $60B Pet Industry with its Nutraceutical Scientific High Grade Hemp CBD Oil Intended for Domestic Animals (NYSE:UNT)
feeds.benzinga.com - February 16 at 8:14 AM
seekingalpha.com logoUnited Fire misses by $0.43, beats on revenue (NYSE:UNT)
seekingalpha.com - February 16 at 7:07 AM
feeds.benzinga.com logoGDS Holdings Limited to Report Fourth Quarter and Full Year 2016 Financial Results on Thursday, March 2, 2017 (NYSE:UNT)
feeds.benzinga.com - February 16 at 6:44 AM
nytimes.com logoFox News's Harassment Payments Are Under Investigation, Lawyer Says - New York Times (NYSE:UNT)
www.nytimes.com - February 16 at 3:24 AM

Social

What is Unit's stock symbol?

Unit trades on the New York Stock Exchange (NYSE) under the ticker symbol "UNT."

Where is Unit's stock going? Where will Unit's stock price be in 2017?

4 analysts have issued 1-year target prices for Unit's stock. Their predictions range from $18.00 to $22.00. On average, they expect Unit's stock price to reach $20.25 in the next year.

When will Unit announce their earnings?

Unit is scheduled to release their next quarterly earnings announcement on Thursday, February, 23rd 2017.

What are analysts saying about Unit stock?

Here are some recent quotes from research analysts about Unit stock:

  • According to Zacks Investment Research, "UNIT CORP. is engaged in the land contract drilling of oil and natural gas wells, the development, acquisition and production of oil and natural gas properties, and the marketing of natural gas. Its principal areas of operations are located in the Anadarko and Arkoma Basins, which cover portions of Oklahoma, Texas, Kansas and Arkansas and has additional producing properties located in other states, including but not limited to, New Mexico, Louisiana, North Dakota, Colorado, Wyoming, Montana, Alabama and Mississippi. " (2/9/2017)

  • National Securities analysts commented, "Unit produced as expected for the quarter, while realized prices moved more than we expected. Unit finished 3Q16 at 45.6 thousand barrels of oil equivalent (Mboe) per day (down 7% from 2Q16), but in-line with our estimate of 45.2 Mboe/d. As it relates to midstream operations, Unit saw a 2% sequential decline in gas gathered, along with a 6% decline in gas processed, over the same time period. We note however, that the company generated a 9% increase in revenue via its gas gathering and processing operations. In terms of pricing, Unit earned $42.79 per barrel (bbl) of oil, 3% higher than the prior quarter and 8% better than our own estimate ($39.54 per bbl). Specific to natural gas, the company earned $2.29 per thousand cubic feet (Mcf), up 27% from 2Q16. Finally, in regards to its drilling segment, Unit posted a 19% increase over 2Q16 (13.5 rigs to 16), fully meeting our expectations. We note a 6% decline in day rates however, with Unit earning $17,479 per day, versus our estimate of $18,000.

    The aforementioned uptick in Unit’s rigs from 13.5 to 16 has not gone unnoticed by us, nor has the subsequent increase to 20 stated by management. We view the increase in third party inquiries for Unit rigs, as a signal of stabilized prices in the industry. As such, we view this as a positive for both Unit’s drilling, and E&P segments. Still, we expect management to maintain a conservative approach to 2016 production, consistent with what they have said all year. To that end, our 4Q16 production projection remains unchanged at 43.4 Mboe/d, resulting in a full year 2016 average of 46.7 Mboe/d.

    We reiterate our BUY rating, and raise our target to $21 from $18. We see Unit as positioned for future growth, and raise our price target accordingly. As such, we encourage investors to initiate, or add to long positions at current levels. We derive our target using a Net Asset Value (NAV) calculation (specific to exploration and production), while attributing additional value to the company’s midstream and drilling units.
    " (11/7/2016)

Who owns Unit stock?

Unit's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (12.54%), Franklin Resources Inc. (6.60%), Dimensional Fund Advisors LP (4.94%), Van Den Berg Management I Inc. (3.16%), State Street Corp (3.00%) and Royce & Associates LP (1.69%). Company insiders that own Unit stock include G Bailey Iv Peyton, Gary R Christopher, John G Nikkel, Larry C Payne, Larry D Pinkston, Mark E Schell and Robert Parks.

Who sold Unit stock? Who is selling Unit stock?

Unit's stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Oxford Asset Management, Van Den Berg Management I Inc., GSA Capital Partners LLP, Keybank National Association OH, Guggenheim Capital LLC, State Board of Administration of Florida Retirement System and Raymond James Financial Services Advisors Inc..

Who bought Unit stock? Who is buying Unit stock?

Unit's stock was bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, State Street Corp, Franklin Resources Inc., Russell Investments Group Ltd., Systematic Financial Management LP, Two Sigma Investments LP, AQR Capital Management LLC and Martingale Asset Management L P. Company insiders that have bought Unit stock in the last two years include G Bailey Iv Peyton, Gary R Christopher, John G Nikkel, Larry C Payne and Larry D Pinkston.

How do I buy Unit stock?

Shares of Unit can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Unit stock cost?

One share of Unit stock can currently be purchased for approximately $27.07.

Unit (NYSE:UNT) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Unit (NYSE:UNT)

Earnings History Chart

Earnings by Quarter for Unit (NYSE:UNT)

Dividend History Chart

Dividend Payments by Quarter for Unit (NYSE:UNT)

Last Updated on 2/24/2017 by MarketBeat.com Staff