Unit Corp. (NYSE:UNT) was up 6.8% on Monday . The company traded as high as $15.90 and last traded at $15.85, with a volume of 483,512 shares trading hands. The stock had previously closed at $14.84.

A number of equities research analysts have 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 target price for the company in a research note on Friday, May 6th. National Securities reiterated a “buy” rating and set a $18.00 target price on shares of Unit Corp. in a research note on Monday, May 9th. KLR Group lowered shares of Unit Corp. from a “buy” rating to an “accumulate” rating and decreased their target price for the company from $16.00 to $15.00 in a research note on Thursday, May 26th. Seaport Global Securities reiterated a “buy” rating and set a $22.00 target price on shares of Unit Corp. in a research note on Friday, June 24th. Finally, Zacks Investment Research upgraded 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. One equities research 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 company’s stock. The stock presently has an average rating of “Buy” and an average target price of $18.57.

The firm’s market capitalization is $807.57 million. The stock’s 50 day moving average price is $14.02 and its 200 day moving average price is $11.92.

Unit Corp. (NYSE:UNT) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ 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. Unit Corp.’s revenue for the quarter was down 35.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.12) earnings per share. On average, analysts forecast that Unit Corp. will post ($0.84) earnings per share for the current year.

A number of large investors have recently made changes to their positions in UNT. GSA Capital Partners LLP increased its stake in shares of 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. 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 valued at $3,253,000 after buying an additional 27,500 shares during the period. Finally, River Road Asset Management LLC increased its stake in shares of Unit Corp. by 48.2% in the fourth quarter. River Road Asset Management LLC now owns 294,359 shares of the company’s stock valued at $3,591,000 after buying an additional 95,741 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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