Unit Corp. (NYSE:UNT)’s share price traded down 3.6% on Tuesday . The company traded as low as $14.24 and last traded at $14.40, with a volume of 204,235 shares changing hands. The stock had previously closed at $14.94.

A number of equities analysts recently weighed in on the stock. Seaport Global Securities reiterated a “buy” rating and issued a $22.00 price objective on shares of Unit Corp. in a research report on Friday, June 24th. KLR Group lowered shares of Unit Corp. from a “buy” rating to an “accumulate” rating and lowered their price objective for the company from $16.00 to $15.00 in a research report on Thursday, May 26th. National Securities reiterated a “buy” rating and issued a $18.00 price objective on shares of Unit Corp. in a research report on Monday, May 9th. Finally, Raymond James Financial Inc. upgraded shares of Unit Corp. from a “market perform” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research report on Friday, May 6th. Two equities 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’s stock. The company has an average rating of “Buy” and a consensus target price of $19.75.

The firm’s market cap is $731.72 million. The company has a 50 day moving average of $15.52 and a 200-day moving average of $11.26.

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

A number of large investors recently modified their holdings of UNT. Cibc World Markets Corp bought a new stake in shares of Unit Corp. during the fourth quarter valued at $8,483,000. Guinness Asset Management Ltd raised 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. Victory Capital Management Inc. raised its stake in shares of Unit Corp. 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 in the last quarter. GSA Capital Partners LLP raised 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, California Public Employees Retirement System raised its stake in shares of Unit Corp. 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 in the last quarter.

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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