Unit Corporation: Steady Execution Amidst Volatility
Source: SeekingAlpha
2025-04-11 05:11:53 ET
Summary
- Unit Corporation has outperformed SandRidge Energy and the Energy Select SPDR ETF since my last coverage.
- Major developments include a $50m asset sale in December 2023 and significant capital returned to shareholders.
- Gas price hedges for 2025 and 2026 provide revenue growth potential, despite recent oil price drops impacting earnings.
- Valuation suggests 50% upside, with risks including commodity price volatility, rig demand, and limited production inventory. Management's shareholder-friendly actions add confidence.
I’ve covered Unit Corporation ( UNTC ) twice on Seeking Alpha. I focused on their combination of conservative capital structure & valuable assets , and relative valuation versus regional peer SandRidge Energy ( SD ). Buying SandRidge after my second piece would have left you with a –33% total return today. In contrast, Unit shareholders experienced a $21 drop from their cost basis but pocketed $32 in dividends, two thirds of the $48 share price from July 2023. ...
Read the full article on Seeking Alpha
For further details see:
Unit Corporation: Steady Execution Amidst Volatility
Unit
NASDAQ: UNTCW
UNTCW Trading
-6.16% G/L:
$2.90 Last:
2,313 Volume:
$3.05 Open:
