Analyst Price Target Update on Unit Corporation (NYSE:UNT)

Unit Corporation (NYSE:UNT): The mean short term price target for Unit Corporation (NYSE:UNT) has been established at $16 per share. The higher price target estimate is at $20 and the lower price target estimate is expected at $12 according to 7 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $2.38

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, KLR Group downgrades its outlook on Unit Corporation (NYSE:UNT). The current rating of the shares is Accumulate, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on May 26, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Nikkel John G, director of Unit Corp, had purchased 2,000 shares on March 1, 2016. The total value of the transaction was $11,440. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Unit Corporation (NYSE:UNT) : On Monday heightened volatility was witnessed in Unit Corporation (NYSE:UNT) which led to swings in the share price. The stock opened for trading at $15.07 and hit $16.22 on the upside , eventually ending the session at $15.6, with a gain of 0.58% or 0.09 points. The heightened volatility saw the trading volume jump to 896,998 shares. The 52-week high of the share price is $31.48 and the company has a market cap of $802 million. The 52-week low of the share price is at $3.9 .

Unit Corporation (Unit) is an oil and natural gas contract drilling company. In addition to its drilling operations, 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. The Companys Oil and Natural Gas operations are carried out by its subsidiary Unit Petroleum Company, which explores, develops, acquires, and produces oil and natural gas properties. Contract Drilling operations are carried out by subsidiary Unit Drilling Company and its subsidiaries. Contract Drilling segment contracts to drill onshore oil and natural gas wells for others. The Companys Mid-Stream are operations carried out by subsidiary Superior Pipeline Company, L.L.C., which buys, sells, gathers, processes, and treats natural gas for third parties and for the Company.

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