Unit Corporation (UNT) Receives Analyst Rating

Unit Corporation (UNT) : Zacks Investment Research ranks Unit Corporation (UNT) as 2, which is a Buy recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.86, which indicates as a Buy.

Unit Corporation (UNT) : Currently there are 8 street experts covering Unit Corporation (UNT) stock. The most bullish and bearish price target for the stock is $24 and $12 respectively for the short term. The average price target of all the analysts comes to $17.88. The estimated standard deviation from the target is $3.91.


Unit Corporation (NYSE:UNT): After opening at $15.95, the stock dipped to an intraday low of $15.87 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.565 and the buying power remained strong till the end. The stock closed at $16.24 for the day, a gain of 2.72% for the day session. The total traded volume was 568,709. The stocks close on the previous trading day was $15.81.

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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