Shares of Unit Corp. (NYSE:UNT) rose 4.8% on Wednesday . The company traded as high as $14.92 and last traded at $14.91, with a volume of 357,935 shares. The stock had previously closed at $14.23.

UNT has been the topic of a number of research reports. Raymond James Financial Inc. raised shares of Unit Corp. from a “market perform” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Friday, May 6th. KLR Group cut shares of Unit Corp. from a “buy” rating to an “accumulate” rating and dropped their target price for the stock from $16.00 to $15.00 in a report on Thursday, May 26th. Seaport Global Securities reissued a “buy” rating and set a $22.00 target price on shares of Unit Corp. in a report on Friday, June 24th. Finally, National Securities reissued a “buy” rating and set a $18.00 target price on shares of Unit Corp. in a report on Monday, May 9th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.75.

The firm has a 50 day moving average price of $15.48 and a 200-day moving average price of $11.28. The stock’s market cap is $754.35 million.

Unit Corp. (NYSE:UNT) last posted its 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. The firm earned $136.20 million during the quarter, compared to the consensus estimate of $157.08 million. During the same period in the prior year, the firm earned $0.08 EPS. The company’s revenue for the quarter was down 46.6% on a year-over-year basis. Equities analysts expect that Unit Corp. will post ($0.94) earnings per share for the current year.

Other institutional investors recently bought and sold shares of the company. Cibc World Markets Corp bought a new position in Unit Corp. during the fourth quarter valued at about $8,483,000. Guinness Asset Management Ltd raised its position in 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 during the last quarter. Victory Capital Management Inc. raised its position in 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 during the last quarter. GSA Capital Partners LLP raised its position in 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 during the last quarter. Finally, California Public Employees Retirement System raised its position in 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 during 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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