Unit Corporation (NYSE:UNT) released its quarterly earnings data on Thursday. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01, MarketWatch Earnings reports. Unit Corporation had a net margin of 0.39% and a return on equity of 2.07%. The company had revenue of $170.58 million during the quarter, compared to the consensus estimate of $178.59 million. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. Unit Corporation’s revenue for the quarter was up 23.3% on a year-over-year basis.

Shares of Unit Corporation (NYSE UNT) opened at 20.07 on Friday. The stock’s 50 day moving average is $18.08 and its 200 day moving average is $21.66. Unit Corporation has a 52 week low of $11.41 and a 52 week high of $30.63. The firm’s market cap is $1.06 billion.

Several research firms have issued reports on UNT. KLR Group downgraded shares of Unit Corporation from a “buy” rating to a “hold” rating and decreased their price objective for the company from $23.00 to $19.00 in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of Unit Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Cowen and Company set a $25.00 price objective on shares of Unit Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. Scotiabank set a $26.00 price objective on shares of Unit Corporation and gave the company a “hold” rating in a research note on Thursday. Finally, BidaskClub downgraded shares of Unit Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.80.

Several large investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its stake in shares of Unit Corporation by 381.6% in the fourth quarter. AQR Capital Management LLC now owns 62,783 shares of the oil and gas company’s stock worth $1,687,000 after buying an additional 49,746 shares in the last quarter. Norges Bank acquired a new stake in shares of Unit Corporation during the fourth quarter worth $14,007,000. Teachers Advisors LLC increased its stake in shares of Unit Corporation by 3.7% in the fourth quarter. Teachers Advisors LLC now owns 508,187 shares of the oil and gas company’s stock worth $13,655,000 after buying an additional 18,085 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Unit Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the oil and gas company’s stock worth $507,000 after buying an additional 300 shares in the last quarter. Finally, Boston Advisors LLC acquired a new stake in shares of Unit Corporation during the first quarter worth $4,096,000. 91.63% of the stock is owned by institutional investors and hedge funds.

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About Unit Corporation

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.

Earnings History for Unit Corporation (NYSE:UNT)

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