Unit Corporation (UNTC)

[Timothy Smith]

Unit Corp. (UNT): Engages in onshore contract drilling of oil and gas wells (for its own account as well as for other companies), exploration and production of oil and gas, and the gathering and transportation of natural gas primarily in the U.S. Market cap at $2.15B, most recent closing price at $44.28.

Diluted TTM earnings per share at 2.73, and a MRQ book value per share value at 41.78, implies a Graham Number fair value = sqrt(22.5*2.73*41.78) = $50.66.

Based on the stock's price at $43.15, this implies a potential upside of 17.4% from current levels.