Added to YB: 2026-03-11
Pitch date: 2026-03-08
UNTC [bullish]
Unit Corporation
-0.03%
current return
Author Info
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Company Info
Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States.
Market Cap
$350.8M
Pitch Price
$35.44
Price Target
N/A
Dividend
14.12%
EV/EBITDA
2.91
P/E
5.23
EV/Sales
1.18
Sector
Oil, Gas and Consumable Fuels
Category
value
Unit Corporation: A Post-Bankruptcy Energy Company With Hidden Asset Value
UNTC: Post-bankruptcy E&P, debt-free w/ ~$175M cash (half of $335M mkt cap). Sold midstream for $20M & contract drilling for $120M. Remaining Anadarko Basin assets valued at $175M proved reserves (SEC). Q3 run-rate: ~$13M/qtr OCF, ~$10M FCF post-capex. Current $1.25/sh qtrly div (~10% yield) likely unsustainable; ~$0.94/sh more realistic at 90% payout. Potential large special div from $120M drilling sale proceeds. Trading ~1.2x P/B near cash+reserve value.
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