Unit Corp. (NYSE:UNT)’s share price was up 5.1% on Tuesday . The stock traded as high as $12.91 and last traded at $12.87, with a volume of 456,866 shares changing hands. The stock had previously closed at $12.25.

Several equities analysts recently weighed in on UNT shares. 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 target for the company in a research report on Friday, May 6th. Seaport Global Securities restated a “buy” rating and set a $22.00 price target 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 reduced their price target for the company from $16.00 to $15.00 in a research report on Thursday, May 26th. Finally, National Securities restated a “buy” rating and set a $18.00 price target on shares of Unit Corp. in a research report on Monday, May 9th. 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 stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.75.

The stock’s market cap is $660.25 million. The stock has a 50 day moving average price of $15.42 and a 200 day moving average price of $11.35.

Unit Corp. (NYSE:UNT) last posted its quarterly earnings data 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 company earned $136.20 million during the quarter, compared to analysts’ expectations of $157.08 million. The company’s revenue for the quarter was down 46.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 EPS. On average, analysts predict that Unit Corp. will post ($1.00) EPS for the current year.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted 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. California State Teachers Retirement System boosted its position in 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 during the last quarter. California Public Employees Retirement System boosted 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. Guinness Asset Management Ltd boosted 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. Finally, Cibc World Markets Corp bought a new position in Unit Corp. during the fourth quarter valued at approximately $8,483,000.

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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