MKM Partners assumed coverage on shares of Unit (NYSE:UNT) in a report issued on Wednesday, MarketBeat reports. The brokerage issued a neutral rating and a $20.00 target price on the oil and gas company’s stock.
A number of other equities analysts have also issued reports on the company. ValuEngine raised Unit from a hold rating to a buy rating in a research note on Wednesday, November 7th. Zacks Investment Research lowered Unit from a buy rating to a hold rating in a research note on Wednesday, October 31st. KLR Group reaffirmed a hold rating and set a $30.00 price target on shares of Unit in a research note on Monday, August 20th. Finally, SunTrust Banks reaffirmed a hold rating and set a $26.00 price target on shares of Unit in a research note on Friday, August 10th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $26.43.
Shares of NYSE UNT opened at $18.89 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 34.98 and a beta of 2.85. Unit has a 1 year low of $16.17 and a 1 year high of $29.06.
In other Unit news, insider Robert Parks sold 22,806 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $27.25, for a total transaction of $621,463.50. Following the completion of the transaction, the insider now directly owns 77,348 shares of the company’s stock, valued at approximately $2,107,733. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.28% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UNT. United Services Automobile Association bought a new stake in shares of Unit during the 2nd quarter worth $91,547,000. Millennium Management LLC bought a new stake in shares of Unit during the 2nd quarter worth $13,689,000. BlackRock Inc. boosted its stake in shares of Unit by 6.5% during the 2nd quarter. BlackRock Inc. now owns 7,553,979 shares of the oil and gas company’s stock worth $193,081,000 after acquiring an additional 459,010 shares in the last quarter. Richard Bernstein Advisors LLC bought a new stake in shares of Unit during the 2nd quarter worth $5,507,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Unit by 6.1% during the 2nd quarter. Victory Capital Management Inc. now owns 3,247,631 shares of the oil and gas company’s stock worth $83,010,000 after acquiring an additional 187,401 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.
Unit Company Profile
Unit Corporation, together with its subsidiaries, operates as a diversified energy company in the United States. The company operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment acquires, explores, develops, and produces oil and natural gas properties.
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