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NYSE:UNTUnit Stock Price, Forecast & News

$0.24
0.00 (0.00 %)
(As of 05/26/2020 04:00 PM ET)
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Today's Range
$0.24
Now: $0.24
$0.24
50-Day Range
$0.17
MA: $0.26
$0.34
52-Week Range
$0.14
Now: $0.24
$10.51
VolumeN/A
Average Volume2.93 million shs
Market Capitalization$13.07 million
P/E RatioN/A
Dividend YieldN/A
Beta2.31
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. Its producing oil and natural gas properties, unproved properties, and related assets are primarily located in Oklahoma and Texas, as well as in Arkansas, Colorado, Kansas, Louisiana, Montana, New Mexico, North Dakota, Utah, and Wyoming. The Contract Drilling segment is involved in the contract drilling of onshore oil and natural gas wells for a range of other oil and natural gas companies primarily in Oklahoma, Texas, Wyoming, North Dakota, Colorado, and Utah. It has 55 drilling rigs in its fleet. The Mid-Stream segment buys, sells, gathers, processes, and treats natural gas for third parties. This segment operates 3 natural gas treatment plants, 14 processing plants, 22 gathering systems, and approximately 1,475 miles of pipeline in Oklahoma, Texas, Kansas, Pennsylvania, and West Virginia. Unit Corporation was founded in 1963 and is headquartered in Tulsa, Oklahoma.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.47 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
CUSIP90921810
Phone918-493-7700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$674.63 million
Cash Flow$3.93 per share
Book Value$19.01 per share

Profitability

Net Income$-553,880,000.00

Miscellaneous

Employees1,376
Market Cap$13.07 million
Next Earnings Date5/28/2020 (Estimated)
OptionableOptionable

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Unit (NYSE:UNT) Frequently Asked Questions

How has Unit's stock been impacted by COVID-19 (Coronavirus)?

Unit's stock was trading at $0.2270 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, UNT stock has increased by 3.9% and is now trading at $0.2358. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Unit?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Unit in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Unit.

When is Unit's next earnings date?

Unit is scheduled to release its next quarterly earnings announcement on Thursday, May 28th 2020. View our earnings forecast for Unit.

How were Unit's earnings last quarter?

Unit Co. (NYSE:UNT) announced its earnings results on Monday, March, 16th. The oil and gas company reported ($0.67) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by $0.42. The oil and gas company earned $164.36 million during the quarter, compared to analyst estimates of $167.24 million. Unit had a negative return on equity of 4.23% and a negative net margin of 82.10%. View Unit's earnings history.

What price target have analysts set for UNT?

2 brokers have issued 1-year target prices for Unit's stock. Their forecasts range from $14.00 to $14.00. On average, they anticipate Unit's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 5,837.2% from the stock's current price. View analysts' price targets for Unit.

Has Unit been receiving favorable news coverage?

News stories about UNT stock have trended extremely negative this week, InfoTrie reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Unit earned a news sentiment score of -4.0 on InfoTrie's scale. They also gave news stories about the oil and gas company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View the latest news aboutUnit.

Are investors shorting Unit?

Unit saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 8,620,000 shares, a drop of 6.4% from the April 30th total of 9,210,000 shares. Based on an average daily volume of 3,070,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 16.1% of the company's shares are short sold. View Unit's Current Options Chain.

Who are some of Unit's key competitors?

What other stocks do shareholders of Unit own?

Who are Unit's key executives?

Unit's management team includes the following people:
  • Mr. Larry D. Pinkston, Pres, CEO & Director (Age 64)
  • Mr. George Les Austin, Sr. VP & CFO (Age 53)
  • Mr. David T. Merrill, Chief Operating Officer (Age 58)
  • Mr. Mark E. Schell, Sr. VP, Gen. Counsel & Corp. Sec. (Age 61)
  • Mr. John H. Cromling, Exec. VP of Drilling - Unit Drilling Company (Age 71)

What is Unit's stock symbol?

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

Who are Unit's major shareholders?

Unit's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.63%), Invesco Ltd. (2.41%), State Street Corp (2.00%), Two Sigma Advisers LP (0.60%), Two Sigma Investments LP (0.51%) and Wells Fargo & Company MN (0.28%). Company insiders that own Unit stock include Frank Q Young, G Bailey Iv Peyton, J Michael Adcock, King P Kirchner, Mark E Schell and Robert Parks. View institutional ownership trends for Unit.

Which institutional investors are selling Unit stock?

UNT stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, and BlackRock Inc.. View insider buying and selling activity for Unit.

Which institutional investors are buying Unit stock?

UNT stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Wells Fargo & Company MN, Pinnacle Holdings LLC, Two Sigma Advisers LP, and State Street Corp. Company insiders that have bought Unit stock in the last two years include Frank Q Young, G Bailey Iv Peyton, J Michael Adcock, and King P Kirchner. View insider buying and selling activity for Unit.

How do I buy shares of Unit?

Shares of UNT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Unit's stock price today?

One share of UNT stock can currently be purchased for approximately $0.24.

How big of a company is Unit?

Unit has a market capitalization of $13.07 million and generates $674.63 million in revenue each year. The oil and gas company earns $-553,880,000.00 in net income (profit) each year or ($1.13) on an earnings per share basis. Unit employs 1,376 workers across the globe.

What is Unit's official website?

The official website for Unit is www.unitcorp.com.

How can I contact Unit?

Unit's mailing address is 8200 SOUTH UNIT DRIVE, TULSA OK, 74132. The oil and gas company can be reached via phone at 918-493-7700.

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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