Unit Corp Receives a Hold from Cowen & Co.

By Austin Angelo

In a report issued on September 15, Charles Robertson II from Cowen & Co. reiterated a Hold rating on Unit Corp (NYSE: UNT), with a price target of $25. The company’s shares closed on Friday at $18.53.

According to TipRanks.com, II is ranked 0 out of 5 stars with an average return of -14.6% and a 30.9% success rate. II covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Lonestar Resources US.

Unit Corp has an analyst consensus of Moderate Buy, with a price target consensus of $23.67.

Unit Corp’s market cap is currently $980M and has a P/E ratio of 617.67. The company has a book value ratio of 0.7875.

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Unit Corp. engages in oil and gas exploration, production, contract drilling, and natural gas gathering and processing. It operates through the following segments: Oil and Natural Gas; Contract Drilling; Mid-Stream; and Other.