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Unit (NYSE:UNT)’s share price reached a new 52-week high during trading on Friday , AmericanBankingNews.com reports. The company traded as high as $68.11 and last traded at $67.65, with a volume of 151,015 shares traded. The stock had previously closed at $67.40.

Separately, analysts at Zacks downgraded shares of Unit from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 13th. They now have a $70.60 price target on the stock. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Unit currently has an average rating of “Hold” and a consensus target price of $63.51.

The stock’s 50-day moving average is $64.65 and its 200-day moving average is $58.63. The company has a market cap of $3.373 billion and a price-to-earnings ratio of 16.28.

Unit (NYSE:UNT) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.14 by $0.15. On average, analysts predict that Unit will post $4.92 earnings per share for the current fiscal year.

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

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