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$0.26 EPS Expected for Unit (UNT); Cadence Design Systems (CDNS)’s Sentiment Is 1.59

Cadence Design Systems, Inc. (NASDAQ:CDNS) Logo

Analysts expect Unit Corporation (NYSE:UNT) to report $0.26 EPS on May, 3.They anticipate $0.11 EPS change or 73.33% from last quarter’s $0.15 EPS. UNT’s profit would be $14.05M giving it 21.90 P/E if the $0.26 EPS is correct. After having $0.22 EPS previously, Unit Corporation’s analysts see 18.18% EPS growth. The stock decreased 1.60% or $0.37 during the last trading session, reaching $22.78. About 177,949 shares traded. Unit Corporation (NYSE:UNT) has declined 23.47% since April 20, 2017 and is downtrending. It has underperformed by 35.02% the S&P500.

Cadence Design Systems Inc (CDNS) investors sentiment increased to 1.59 in Q4 2017. It’s up 0.23, from 1.36 in 2017Q3. The ratio improved, as 205 funds started new and increased holdings, while 129 decreased and sold stakes in Cadence Design Systems Inc. The funds in our database now have: 235.53 million shares, up from 234.20 million shares in 2017Q3. Also, the number of funds holding Cadence Design Systems Inc in top ten holdings was flat from 0 to 0 for the same number . Sold All: 18 Reduced: 111 Increased: 133 New Position: 72.

The stock decreased 1.02% or $0.38 during the last trading session, reaching $37. About 768,066 shares traded. Cadence Design Systems, Inc. (CDNS) has risen 14.90% since April 20, 2017 and is uptrending. It has outperformed by 3.35% the S&P500.

Analysts await Cadence Design Systems, Inc. (NASDAQ:CDNS) to report earnings on April, 23 after the close. They expect $0.20 EPS, down 20.00% or $0.05 from last year’s $0.25 per share. CDNS’s profit will be $56.65M for 46.25 P/E if the $0.20 EPS becomes a reality. After $0.29 actual EPS reported by Cadence Design Systems, Inc. for the previous quarter, Wall Street now forecasts -31.03% negative EPS growth.

Cambridge Financial Group Inc. holds 3.16% of its portfolio in Cadence Design Systems, Inc. for 152,963 shares. Alphamark Advisors Llc owns 97,935 shares or 1.6% of their US portfolio. Moreover, Smith Asset Management Group Lp has 1.28% invested in the company for 971,696 shares. The New York-based Alkeon Capital Management Llc has invested 1.19% in the stock. Old Mutual Global Investors (Uk) Ltd., a United Kingdom-based fund reported 3.06 million shares.

Ratings analysis reveals 33% of Cadence Design’s analysts are positive. Out of 3 Wall Street analysts rating Cadence Design, 1 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. CDNS was included in 3 notes of analysts from October 19, 2016. JP Morgan downgraded the stock to “Underweight” rating in Monday, December 12 report. RBC Capital Markets maintained it with “Outperform” rating and $33.0 target in Thursday, February 9 report. The firm has “Neutral” rating given on Wednesday, October 19 by Credit Suisse.

Since January 1, 0001, it had 0 insider purchases, and 9 sales for $11.40 million activity.

Cadence Design Systems, Inc. provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis worldwide. The company has market cap of $10.48 billion. It offers functional verification, including emulation and prototyping hardware. It has a 50.68 P/E ratio. The Company’s functional verification offering consists of JasperGold, a formal verification platform; Incisive, a functional verification platform; and Palladium, a verification computing platform.

Among 8 analysts covering Unit (NYSE:UNT), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Unit had 23 analyst reports since August 17, 2015 according to SRatingsIntel. The rating was downgraded by KLR Group to “Accumulate” on Thursday, May 26. The stock has “Buy” rating by SunTrust on Friday, February 23. Iberia Capital Partners upgraded the shares of UNT in report on Monday, August 17 to “Outperform” rating. The company was maintained on Tuesday, July 18 by Cowen & Co. As per Monday, November 21, the company rating was downgraded by KLR Group. The stock of Unit Corporation (NYSE:UNT) has “Strong Buy” rating given on Friday, May 6 by Raymond James. The stock of Unit Corporation (NYSE:UNT) has “Hold” rating given on Tuesday, March 27 by SunTrust. The firm has “Hold” rating by Cowen & Co given on Thursday, October 19. The rating was upgraded by KLR Group on Wednesday, August 23 to “Buy”. The company was initiated on Thursday, December 17 by SunTrust.

Unit Corporation, together with its subsidiaries, operates as an oil and natural gas contract drilling firm primarily in the United States. The company has market cap of $1.23 billion. The firm operates through three divisions: Oil and Natural Gas, Contract Drilling, and Mid-Stream. It has a 9.99 P/E ratio. The Oil and Natural Gas segment acquires, explores, develops, and produces oil and natural gas properties primarily located in Oklahoma and Texas, as well as in Arkansas, Colorado, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, Utah, and Wyoming.

Unit Corporation (NYSE:UNT) Institutional Positions Chart

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