Unit Co. (NYSE:UNT) shares rose 13.7% during trading on Tuesday . The company traded as high as $16.01 and last traded at $15.86, with a volume of 480,690 shares changing hands. The stock had previously closed at $13.95.

UNT has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Unit from a “sell” rating to a “hold” rating in a research report on Wednesday, March 16th. Raymond James Financial Inc. raised shares of Unit from a “market perform” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Friday, May 6th. National Securities reaffirmed a “buy” rating and issued a $18.00 target price on shares of Unit in a research report on Monday, May 9th. KLR Group cut shares of Unit from a “buy” rating to an “accumulate” rating and decreased their target price for the company from $16.00 to $15.00 in a research report on Thursday, May 26th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $22.00 target price on shares of Unit in a research report on Friday, June 24th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Unit currently has a consensus rating of “Buy” and an average target price of $19.75.

The firm’s market cap is $807.82 million. The stock has a 50 day moving average price of $15.29 and a 200 day moving average price of $11.15.

Unit (NYSE:UNT) last issued its earnings results on Thursday, May 5th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.01. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The business earned $136.20 million during the quarter, compared to the consensus estimate of $157.08 million. Unit’s revenue was down 46.6% on a year-over-year basis. Equities research analysts anticipate that Unit Co. will post ($0.94) EPS for the current fiscal year.

Several hedge funds recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in Unit 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 during the period. Guinness Asset Management Ltd increased its stake in Unit 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 during the period. GSA Capital Partners LLP increased its stake in Unit 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 during the period. California Public Employees Retirement System increased its stake in Unit by 11.5% in the fourth quarter. California Public Employees Retirement System now owns 266,658 shares of the company’s stock valued at $3,253,000 after buying an additional 27,500 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Unit by 27.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,142,702 shares of the company’s stock valued at $26,141,000 after buying an additional 465,075 shares during the period.

Unit Corporation is an oil and natural gas contract drilling company. 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. It is primarily engaged in the exploration, development, acquisition, and production of oil and natural gas properties, the land contract drilling of natural gas and oil wells, and the buying, selling, gathering, processing and treating of natural gas.

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