Unit Corp. (UNT) Stock Price Up 4.8%
Unit Corp. (NYSE:UNT) rose 4.8% on Wednesday . The company traded as high as $14.92 and last traded at $14.91, with a volume of 357,935 shares trading hands. The stock had previously closed at $14.23.
UNT has been the topic of a number of recent analyst reports. Seaport Global Securities reaffirmed a “buy” rating and set a $22.00 price target on shares of Unit Corp. in a report on Friday, June 24th. KLR Group cut Unit Corp. from a “buy” rating to an “accumulate” rating and cut their price target for the company from $16.00 to $15.00 in a report on Thursday, May 26th. National Securities reaffirmed a “buy” rating and set a $18.00 price target on shares of Unit Corp. in a report on Monday, May 9th. Finally, Raymond James Financial Inc. raised Unit Corp. from a “market perform” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a report on Friday, May 6th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Unit Corp. currently has a consensus rating of “Buy” and an average target price of $19.75.
The company has a 50 day moving average of $15.49 and a 200 day moving average of $11.32. The stock’s market cap is $719.38 million.
Unit Corp. (NYSE:UNT) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.40) by $0.01. The firm had revenue of $136.20 million for the quarter, compared to analyst estimates of $157.08 million. During the same period in the prior year, the company earned $0.08 earnings per share. The business’s revenue was down 46.6% compared to the same quarter last year. Equities analysts expect that Unit Corp. will post ($0.95) EPS for the current year.
A number of hedge funds have bought and sold shares of UNT. Cibc World Markets Corp acquired a new stake in Unit Corp. during the fourth quarter worth $8,483,000. Guinness Asset Management Ltd boosted its stake in Unit Corp. by 3.4% in the fourth quarter. Guinness Asset Management Ltd now owns 276,823 shares of the company’s stock worth $3,377,000 after buying an additional 9,229 shares during the last quarter. California State Teachers Retirement System boosted its stake 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 worth $1,139,000 after buying an additional 1,600 shares during the last quarter. GSA Capital Partners LLP boosted its stake 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 during the last quarter. Finally, Victory Capital Management Inc. boosted its stake 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 during 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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