News headlines about Unit (NYSE:UNT) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Unit earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 47.1657023927126 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- LJA Adds National Expert to Public Works Division (prweb.com)
- Capstone to Power Commercial Facility in the U.K. with Bundled Cogeneration Solution (markets.financialcontent.com)
- BRIEF-ISS And Glass Lewis Recommend Pure Industrial Real Estate Trust Unitholders Vote For The Plan Of Arrangement With Blackstone (feeds.reuters.com)
- North Korean ‘caution’ seen in announcing stance on upcoming summits: Seoul (feeds.reuters.com)
- World stocks bask in U.S. jobs data glow (feeds.reuters.com)
Several brokerages recently weighed in on UNT. ValuEngine downgraded Unit from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Cowen set a $27.00 price objective on Unit and gave the stock a “hold” rating in a research report on Thursday, January 18th. SunTrust Banks set a $27.00 price objective on Unit and gave the stock a “buy” rating in a research report on Friday, February 23rd. TheStreet upgraded Unit from a “d+” rating to a “c” rating in a research report on Thursday, February 22nd. Finally, Zacks Investment Research upgraded Unit from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Saturday, January 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.33.
Unit (NYSE:UNT) last issued its earnings results on Thursday, February 22nd. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Unit had a return on equity of 2.19% and a net margin of 15.93%. The business had revenue of $204.85 million during the quarter, compared to analysts’ expectations of $199.77 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. equities analysts forecast that Unit will post 1.52 earnings per share for the current fiscal year.
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Unit 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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