Unit Corp. (NYSE:UNT) shares traded down 3.6% during trading on Tuesday . The stock traded as low as $13.71 and last traded at $13.83, with a volume of 270,411 shares traded. The stock had previously closed at $14.34.

Several research analysts have commented on the stock. 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. KLR Group lowered shares of Unit Corp. from a “buy” rating to an “accumulate” rating and lowered their target price for the company from $16.00 to $15.00 in a research note on Thursday, May 26th. National Securities reissued a “buy” rating and set a $18.00 target price on shares of Unit Corp. in a research note on Monday, May 9th. Zacks Investment Research raised shares of Unit Corp. from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Saturday, July 30th. Finally, Seaport Global Securities reissued a “buy” rating and set a $22.00 target price on shares of Unit Corp. in a research note on Friday, June 24th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $19.88.

The firm has a 50 day moving average price of $14.30 and a 200-day moving average price of $11.71. The firm’s market capitalization is $697.03 million.

Unit Corp. (NYSE:UNT) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.07. The firm earned $138.30 million during the quarter, compared to analyst estimates of $131.05 million. During the same period in the prior year, the company posted ($0.12) earnings per share. The firm’s revenue for the quarter was down 35.5% compared to the same quarter last year. On average, equities research analysts anticipate that Unit Corp. will post ($0.86) EPS for the current year.

A number of hedge funds and institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP increased 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 in the last quarter. California Public Employees Retirement System increased 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 worth $3,253,000 after buying an additional 27,500 shares during the period. Finally, Victory Capital Management Inc. increased 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 worth $26,141,000 after buying an additional 465,075 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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