Unit Corp. (UNT) Trading 11.9% Higher
Unit Corp. (NYSE:UNT) shares traded up 11.9% during mid-day trading on Monday . The company traded as high as $14.78 and last traded at $14.24, with a volume of 714,118 shares. The stock had previously closed at $12.72.
A number of research analysts recently issued reports on the company. Zacks Investment Research raised Unit Corp. from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Saturday, July 30th. National Securities reaffirmed a “buy” rating and set a $18.00 target price on shares of Unit Corp. in a report on Monday, May 9th. Seaport Global Securities reaffirmed a “buy” rating and set a $22.00 target price on shares of Unit Corp. in a report on Friday, June 24th. KLR Group lowered Unit Corp. from a “buy” rating to an “accumulate” rating and lowered their target price for the stock from $16.00 to $15.00 in a report on Thursday, May 26th. Finally, Raymond James Financial Inc. raised 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. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Unit Corp. presently has an average rating of “Buy” and an average price target of $19.88.
The firm has a 50-day moving average price of $14.45 and a 200 day moving average price of $11.55. The company’s market cap is $713.05 million.
Unit Corp. (NYSE:UNT) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.07. During the same period in the prior year, the firm posted ($0.12) EPS. The business earned $138.30 million during the quarter, compared to analyst estimates of $131.05 million. Unit Corp.’s revenue for the quarter was down 35.5% compared to the same quarter last year. Equities analysts expect that Unit Corp. will post ($0.86) earnings per share for the current fiscal year.
A number of institutional investors have bought and sold shares of the company. 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 worth $1,112,000 after buying an additional 13,278 shares in the last quarter. 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 worth $3,253,000 after buying an additional 27,500 shares in the last quarter. Finally, 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 worth $26,141,000 after buying an additional 465,075 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.