NYSE:UNTUnit Stock Price, Forecast & News

$0.07

+0.02 (+38.46 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$0.05

Now: $0.07▼

$0.08

50-Day Range

$0.04

MA: $0.25▼

$0.34

52-Week Range

$0.14

Now: $0.07▼

$10.51

Volume2.72 million shs

Average Volume2.93 million shs

Market Capitalization$3.99 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.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Unit has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $14.00, Unit has a potential upside of 19,344.4% from its current price of $0.07.
Amount of Analyst Coverage
Unit has only been the subject of 1 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
Unit has received 492 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Unit has received 430 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Unit has received 53.36% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Unit and other stocks. Vote “Outperform” if you believe UNT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe UNT will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Unit does not currently pay a dividend.
Dividend Growth
Unit does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Unit insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.16% of the stock of Unit is held by insiders.
Percentage Held by Institutions
47.78% of the stock of Unit is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Unit is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Unit is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Unit has a P/B Ratio of 0.00. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.47 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Crude petroleum & natural gas

Sub-IndustryOil & Gas Drilling

SectorOils/Energy

Current SymbolNYSE:UNT

Previous Symbol

CUSIP90921810

CIK798949

Webwww.unitcorp.com

Phone918-493-7700

Debt

Debt-to-Equity Ratio0.63

Current Ratio0.40

Quick Ratio0.40

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$674.63 million

Price / Sales0.01

Cash Flow$1.20 per share

Price / Cash Flow0.06

Book Value$19.01 per share

Price / Book0.00

Profitability

EPS (Most Recent Fiscal Year)($1.13)

Net Income$-553,880,000.00

Net Margins-82.10%

Return on Equity-4.23%

Return on Assets-2.35%

Miscellaneous

Employees1,376

Outstanding Shares55,424,000

Market Cap$3.99 million

Next Earnings DateN/A

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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, UNT stock has decreased by 68.3% and is now trading at $0.0720. 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.

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) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.25) by $0.42. The oil and gas company had revenue of $164.36 million for the quarter, compared to analysts' expectations 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 price objectives for Unit's stock. Their forecasts range from $14.00 to $14.00. On average, they expect Unit's stock price to reach $14.00 in the next year. This suggests a possible upside of 19,344.4% from the stock's current price. View analysts' price targets for Unit.

Has Unit been receiving favorable news coverage?

Media headlines about UNT stock have trended negative on Saturday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Unit earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave press coverage about the oil and gas company a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the company's share price in the near term. View the latest news aboutUnit.

Are investors shorting Unit?

Unit saw a drop in short interest in 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 shares of the stock are sold short. View Unit's Current Options Chain.

Who are some of Unit's key competitors?

Some companies that are related to Unit include Helmerich & Payne (HP), Patterson-UTI Energy (PTEN), Nabors Industries (NBR), Pioneer Energy Services (PESXQ), Diamond Offshore Drilling (DO) and Vantage Drilling (VTGDF). View all competitors.

What other stocks do shareholders of Unit own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Unit investors own include Amplify Energy (AMPY), Amplify Energy (AMPY), Chesapeake Energy (CHK), Pennsylvania R.E.I.T. (PEI), Zosano Pharma (ZSAN), AMC Entertainment (AMC), EnLink Midstream (ENLC), Seanergy Maritime (SHIP), Titan Pharmaceuticals (TTNP) and Gran Tierra Energy (GTE).

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 number of retail and institutional 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 acquired 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 $0.07.

How big of a company is Unit?

Unit has a market capitalization of $3.99 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 6/6/2020 by MarketBeat.com Staff