Somewhat Favorable News Coverage Somewhat Unlikely to Impact Unit Corporation (NYSE:UNT) Share Price
Press coverage about Unit Corporation (NYSE:UNT) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Unit Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 47.3517615254049 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Iran eyes more funds for missiles, Guards after U.S. sanctions (feeds.reuters.com)
- Key Words: Trump on events in Charlottesville: ‘There is no place for this kind of violence in America’ (marketwatch.com)
- ‘Fire and fury,’ pronounces banner headline of Charlottesville, Va., newspaper (marketwatch.com)
- Oregon coastal city at ‘double ground zero’ braced for eclipse (feeds.reuters.com)
- Latin America to slam Trump’s ‘military option’ threat (feeds.reuters.com)
Several research firms have commented on UNT. Zacks Investment Research raised shares of Unit Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Scotiabank set a $26.00 price objective on shares of Unit Corporation and gave the stock a “hold” rating in a research note on Thursday, August 3rd. BidaskClub lowered shares of Unit Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. National Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Unit Corporation in a research note on Monday, May 8th. Finally, KLR Group raised shares of Unit Corporation from a “reduce” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, May 5th. 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. Unit Corporation presently has an average rating of “Hold” and an average target price of $25.80.
Shares of Unit Corporation (NYSE UNT) opened at 17.15 on Friday. Unit Corporation has a 52-week low of $15.03 and a 52-week high of $30.63. The company has a market capitalization of $906.99 million, a P/E ratio of 329.81 and a beta of 2.76. The stock’s 50 day moving average price is $18.12 and its 200 day moving average price is $21.28.
Unit Corporation (NYSE:UNT) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Unit Corporation had a return on equity of 2.07% and a net margin of 0.39%. The firm had revenue of $170.58 million for the quarter, compared to analyst estimates of $178.59 million. During the same quarter in the prior year, the company earned ($0.15) EPS. Unit Corporation’s revenue was up 23.3% on a year-over-year basis. On average, equities research analysts forecast that Unit Corporation will post $0.53 earnings per share for the current fiscal year.
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Unit Corporation Company Profile
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.
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