Unit Co. (NYSE:UNT) – US Capital Advisors issued their Q1 2019 earnings estimates for shares of Unit in a research report issued to clients and investors on Monday, April 22nd. US Capital Advisors analyst C. Horwitz forecasts that the oil and gas company will post earnings per share of $0.14 for the quarter. US Capital Advisors also issued estimates for Unit’s Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.22 EPS, FY2019 earnings at $0.89 EPS, Q1 2020 earnings at $0.16 EPS, Q2 2020 earnings at $0.14 EPS, Q3 2020 earnings at $0.11 EPS, Q4 2020 earnings at $0.09 EPS, FY2020 earnings at $0.50 EPS, Q1 2021 earnings at $0.05 EPS and FY2021 earnings at $0.15 EPS.
Unit (NYSE:UNT) last issued its quarterly earnings results on Thursday, February 21st. The oil and gas company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). The business had revenue of $214.80 million during the quarter, compared to the consensus estimate of $213.99 million. Unit had a positive return on equity of 3.31% and a negative net margin of 5.37%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 earnings per share.
Shares of NYSE UNT opened at $14.49 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $869.73 million, a price-to-earnings ratio of 14.49 and a beta of 2.73. Unit has a 12 month low of $13.19 and a 12 month high of $29.06.
In other news, insider Robert Parks sold 30,000 shares of Unit stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $14.65, for a total transaction of $439,500.00. Following the sale, the insider now owns 76,195 shares of the company’s stock, valued at approximately $1,116,256.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark E. Schell sold 5,500 shares of Unit stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $15.51, for a total value of $85,305.00. Following the sale, the insider now directly owns 221,452 shares in the company, valued at approximately $3,434,720.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,181 shares of company stock worth $549,348. Company insiders own 5.16% of the company’s stock.
Several large investors have recently made changes to their positions in UNT. Bank of New York Mellon Corp grew its holdings in shares of Unit by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 971,362 shares of the oil and gas company’s stock worth $25,313,000 after purchasing an additional 30,008 shares in the last quarter. Martingale Asset Management L P grew its holdings in shares of Unit by 6.3% during the 3rd quarter. Martingale Asset Management L P now owns 40,747 shares of the oil and gas company’s stock worth $1,062,000 after purchasing an additional 2,415 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Unit by 2.7% during the 3rd quarter. BlackRock Inc. now owns 7,760,420 shares of the oil and gas company’s stock worth $202,237,000 after purchasing an additional 206,441 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Unit during the 3rd quarter worth approximately $219,000. Finally, MetLife Investment Advisors LLC grew its holdings in shares of Unit by 54.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 38,041 shares of the oil and gas company’s stock worth $991,000 after purchasing an additional 13,386 shares in the last quarter. 89.17% of the stock is currently owned by institutional investors.
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.
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