Analyst Rating Update on Unit Corporation (UNT)

Unit Corporation (UNT) has an average broker rating of 1.86, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Unit Corporation (UNT) : The highest short term price target forecast on Unit Corporation (UNT) is $22 and the lowest target price is $12. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $17.38 with a standard deviation of $3.54.

For the current week, the company shares have a recommendation consensus of Buy.


Unit Corporation (NYSE:UNT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.69 and $11.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.64, notching a gain of 8.97% for the day. The total traded volume was 787,309 . The stock had closed at $11.60 on the previous day.

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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