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

Several research analysts have weighed in on UNT shares. 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 research report on Friday, May 6th. KLR Group lowered 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 research report on Thursday, May 26th. Seaport Global Securities reaffirmed a “buy” rating and issued a $22.00 target price on shares of Unit Corp. in a research report on Friday, June 24th. National Securities reaffirmed a “buy” rating and issued a $18.00 target price on shares of Unit Corp. in a research report on Monday, May 9th. Finally, Zacks Investment Research upgraded Unit Corp. from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Saturday, July 30th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Unit Corp. currently has an average rating of “Buy” and an average target price of $19.88.

The firm’s market capitalization is $717.31 million. The firm’s 50 day moving average is $14.19 and its 200 day moving average is $11.73.

Unit Corp. (NYSE:UNT) last posted its earnings results on Thursday, August 4th. The company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.07. The business had revenue of $138.30 million for the quarter, compared to the consensus estimate of $131.05 million. The business’s revenue was down 35.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. Analysts forecast that Unit Corp. will post ($0.84) earnings per share for the current year.

A number of hedge funds and institutional investors have bought and sold shares of UNT. 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 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 valued at $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 valued at $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.

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