Canaccord Genuity Maintains a 'Buy' on Unit Corp. (UNT); Expect E&P Beat and No Drilling Slowdown
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Price: $0.24 --0%
Rating Summary:
2 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
2 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Canaccord Genuity maintains a 'Buy' on Unit Corp. (NYSE: UNT) price target lowered $1 to $68.
Analyst, John Gerdes, said, "We see 20% greater potential upside in UNT versus the upstream sector given a more constructive outlook as to the company’s core E&P and land drilling businesses. Unit trades at 4x ’12E EBITDA, which is a lower-end land drilling multiple. Yet, the E&P segment constitutes ~65% of ’12E EBITDA and that sector trades at 7x ’12E EBITDA."
For an analyst ratings summary and ratings history on Unit Corp. click here. For more ratings news on Unit Corp. click here.
Shares of Unit Corp. closed at $46.18 yesterday.
Analyst, John Gerdes, said, "We see 20% greater potential upside in UNT versus the upstream sector given a more constructive outlook as to the company’s core E&P and land drilling businesses. Unit trades at 4x ’12E EBITDA, which is a lower-end land drilling multiple. Yet, the E&P segment constitutes ~65% of ’12E EBITDA and that sector trades at 7x ’12E EBITDA."
For an analyst ratings summary and ratings history on Unit Corp. click here. For more ratings news on Unit Corp. click here.
Shares of Unit Corp. closed at $46.18 yesterday.
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