Unit Corp. (NYSE:UNT) shares traded down 9% on Monday . The company traded as low as $12.37 and last traded at $12.49, with a volume of 628,627 shares changing hands. The stock had previously closed at $13.73.

Several research analysts have commented on UNT shares. National Securities reaffirmed a “buy” rating and set a $18.00 price objective on shares of Unit Corp. in a research note on Monday, May 9th. Seaport Global Securities reaffirmed a “buy” rating and set a $22.00 price objective on shares of Unit Corp. in a research note on Friday, June 24th. KLR Group lowered shares of Unit Corp. from a “buy” rating to an “accumulate” rating and dropped their price objective for the stock from $16.00 to $15.00 in a research note on Thursday, May 26th. Finally, Raymond James Financial Inc. raised shares of Unit Corp. from a “market perform” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research note on Friday, May 6th. 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. The company currently has a consensus rating of “Buy” and an average target price of $19.75.

The stock’s market capitalization is $629.91 million. The firm’s 50 day moving average is $15.47 and its 200-day moving average is $11.33.

Unit Corp. (NYSE:UNT) last posted 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. During the same quarter in the prior year, the business posted $0.08 EPS. The business earned $136.20 million during the quarter, compared to the consensus estimate of $157.08 million. Unit Corp.’s quarterly revenue was down 46.6% on a year-over-year basis. Analysts anticipate that Unit Corp. will post ($1.00) EPS for the current fiscal year.

A number of institutional investors recently bought and sold shares of UNT. Cibc World Markets Corp bought a new position in Unit Corp. during the fourth quarter valued at $8,483,000. 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 period. 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 period. 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 period. Finally, 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 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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