Added to YB: 2026-03-12
Pitch date: 2026-03-10
UNTC [bullish]
Unit Corporation
+0.34%
current return
Author Info
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
$35.31
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
Why this small cap is trading at cash + reserves? Even though they own high quality assets - Unit Corp $UNTC
UNTC: E&P producer in Anadarko Basin trading at $350M mkt cap vs $183M net cash + $245M PV-10 reserves (at $75/bbl oil, $2.13/mcf gas). Sold contract drilling for $120M in Q4 (36% special div likely). 5-6yr reserve life w/ 202K acres. Risk: not replenishing reserves, mgmt returning all cash vs reinvesting. Upside: oil at $100+ (vs $75 used in PV-10), M&A target, OTC discount closes
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