http://www.zacks.com/rank/zcommentary/?id=7698
Unit, a Zacks #1 Rank (Strong Buy), is headquartered in Tulsa, OK with operations in the Mid-Continent region, including the Anadarko, Arkoma, Permian, Rocky Mountains and Gulf Coast Basins.
On May 6, Unit reported first quarter earnings that surprised on estimates by 2.48%, or 4 cents per share. Net income was $77.1 million, or $1.65 per share, compared to $64.5 million, or $1.39 per share, in the first-quarter of 2007. Analysts expected $1.61 per share.
Brokerage analysts are bullish on the company for the second quarter and the full year. Consensus estimates for the second quarter rose 9.5% to $1.84 from $1.68 per share in the last month. For the full year, estimates rose 44 cents in the last 30 days to $7.34 from $6.90 per share.
Unit's 2008 P/E is 10.17, under the industry average of 26.03. Its price-to-book of 2.41 is also under the industry average of 2.79. The company has an outstanding five year average return on equity (ROE) of 20.74%.
http://astuk-virtuallystocks.blogspot.com/
$76.02 (05/23/08)
