Unit Corporation (UNT) Receives Price Target

Unit Corporation (UNT) : The consensus price target for Unit Corporation (UNT) is $17.75 for the short term with a standard deviation of $3.45. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $22, however, the pessimist price target for the company is $12.

Unit Corporation (UNT) : The consensus on Unit Corporation (UNT) based on 7 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Unit Corporation (NYSE:UNT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.85 and $16.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.25, notching a gain of 0.94% for the day. The total traded volume was 685,681 . The stock had closed at $17.09 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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