Unit Corp. (NYSE:UNT)’s share price traded down 1.7% on Monday . The stock traded as low as $14.08 and last traded at $14.13, with a volume of 328,609 shares changing hands. The stock had previously closed at $14.37.

Several equities analysts have recently weighed in on the company. Raymond James Financial Inc. upgraded Unit Corp. from a “market perform” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Friday, May 6th. KLR Group downgraded Unit Corp. from a “buy” rating to an “accumulate” rating and reduced their price target for the company from $16.00 to $15.00 in a report on Thursday, May 26th. National Securities restated a “buy” rating and set a $18.00 price target on shares of Unit Corp. in a report on Monday, May 9th. Zacks Investment Research upgraded Unit Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, March 16th. Finally, Seaport Global Securities restated a “buy” rating and set a $22.00 price target on shares of Unit Corp. in a report on Friday, June 24th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $19.75.

The firm’s market cap is $717.32 million. The company’s 50 day moving average is $15.29 and its 200-day moving average is $11.15.

Unit Corp. (NYSE:UNT) last issued its earnings results on Thursday, May 5th. The company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.01. The business earned $136.20 million during the quarter, compared to analyst estimates of $157.08 million. During the same period last year, the company earned $0.08 EPS. The company’s revenue for the quarter was down 46.6% on a year-over-year basis. Equities analysts predict that Unit Corp. will post ($0.97) EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Cibc World Markets Corp purchased a new stake in shares of Unit Corp. during the fourth quarter valued at $8,483,000. Guinness Asset Management Ltd boosted its stake in shares of Unit Corp. by 3.4% in the fourth quarter. Guinness Asset Management Ltd now owns 276,823 shares of the company’s stock valued at $3,377,000 after buying an additional 9,229 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Unit Corp. by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 93,351 shares of the company’s stock valued at $1,139,000 after buying an additional 1,600 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Unit Corp. by 17.1% in the fourth quarter. GSA Capital Partners LLP now owns 91,113 shares of the company’s stock valued at $1,112,000 after buying an additional 13,278 shares in the last quarter. Finally, Caymus Capital Partners L.P. boosted its stake in shares of Unit Corp. by 157.4% in the fourth quarter. Caymus Capital Partners L.P. now owns 1,142,900 shares of the company’s stock valued at $13,943,000 after buying an additional 698,900 shares in the last quarter.

Unit Corporation (Unit) is an oil and natural gas contract drilling company. In addition to its drilling operations, the Company has operations in the exploration and production and mid-stream areas. The Company operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Company’s Oil and Natural Gas operations are carried out by its subsidiary Unit Petroleum Company, which explores, develops, acquires, and produces oil and natural gas properties.

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