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Unit (NYSE:UNT) was upgraded by equities researchers at McLean Capital Management from a “sell” rating to a “neutral” rating in a research report issued on Friday, AmericanBankingNews.com reports.

Unit (NYSE:UNT) traded up 0.80% during mid-day trading on Friday, hitting $55.19. 293,592 shares of the company’s stock traded hands. Unit has a one year low of $40.51 and a one year high of $54.74. The stock’s 50-day moving average is $50.83 and its 200-day moving average is $49.08. The company has a market cap of $2.710 billion and a price-to-earnings ratio of 34.61.

Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Unit 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 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 from a “hold” rating to an “accumulate” rating in a research note on Friday, December 6th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $52.73.

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

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