Somewhat Positive News Coverage Somewhat Unlikely to Affect Unit Corporation (NYSE:UNT) Share Price

News articles about Unit Corporation (NYSE:UNT) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Unit Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 47.3878359491151 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

Unit Corporation (NYSE UNT) traded up 3.96% during midday trading on Friday, hitting $16.03. The stock had a trading volume of 638,462 shares. 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 $847.76 million, a PE ratio of 308.27 and a beta of 2.76. The company’s 50-day moving average price is $17.90 and its 200 day moving average price is $20.89.

Unit Corporation (NYSE:UNT) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share for the quarter, beating 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 company had revenue of $170.58 million for the quarter, compared to the consensus estimate of $178.59 million. During the same quarter last year, the business posted ($0.15) EPS. Unit Corporation’s revenue for the quarter was up 23.3% on a year-over-year basis. On average, analysts expect that Unit Corporation will post $0.53 EPS for the current year.

Several research analysts have commented on UNT shares. Zacks Investment Research downgraded Unit Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Scotiabank set a $26.00 price objective on Unit Corporation and gave the stock a “hold” rating in a report on Thursday, August 3rd. BidaskClub lowered Unit Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. KLR Group raised Unit Corporation from a “reduce” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Friday, May 5th. Finally, Cowen and Company set a $25.00 price target on Unit Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Unit Corporation currently has a consensus rating of “Hold” and a consensus price target of $25.80.

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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.

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