Unit Corp. Reaches New 12-Month High at $49.68 (UNT)
Unit Corp. (NYSE:UNT)’s share price reached a new 52-week high during trading hours on Wednesday, American Banking & Market News reports. The company traded as high as $49.68 and last traded at $49.39, with a volume of 253,108 shares traded. The stock had previously closed at $49.11.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Unit Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday. They now have a $47.10 price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Unit Corp. in a research note to investors on Tuesday, August 20th. They set a “hold” rating and a $49.00 price target on the stock. Finally, analysts at Brean Capital upgraded shares of Unit Corp. from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 9th. They now have a $59.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $50.03.
In other Unit Corp. news, General Counsel Mark Schell sold 3,919 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $48.28, for a total transaction of $189,209.32. Following the sale, the general counsel now directly owns 73,710 shares in the company, valued at approximately $3,558,719. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Unit Corp. has a 1-year low of $39.69 and a 1-year high of $49.68. The stock’s 50-day moving average is $47.02 and its 200-day moving average is $45.16. The company has a market cap of $2.427 billion and a price-to-earnings ratio of 26.57.
Unit Corp. (NYSE:UNT) last announced its earnings results on Tuesday, August 6th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.93 by $0.08. The company had revenue of $340.42 million for the quarter, compared to the consensus estimate of $331.41 million. Analysts expect that Unit Corp. will post $3.92 EPS for the current fiscal year.
Unit Corporation (NYSE:UNT) is a contract drilling company.
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