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Unit Corp. (NYSE:UNT) shares reached a new 52-week high during mid-day trading on Tuesday , Analyst Ratings.Net reports. The company traded as high as $53.61 and last traded at $53.55, with a volume of 156,443 shares changing hands. The stock had previously closed at $52.57.

Several analysts have recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Unit Corp. from a “sell” rating to a “neutral” rating in a research note on Tuesday. Separately, analysts at Cowen and Company initiated coverage on shares of Unit Corp. in a research note on Monday, February 10th. They set a “market perform” rating and a $58.00 price target on the stock. Finally, analysts at KLR Group upgraded shares of Unit Corp. from a “hold” rating to an “accumulate” rating in a research note on Friday, December 6th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $52.73.

The stock has a 50-day moving average of $50.75 and a 200-day moving average of $49.05. The company has a market cap of $2.649 billion and a price-to-earnings ratio of 33.23.

Unit Corporation (NYSE:UNT) is a contract drilling company.

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