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Unit (NYSE:UNT) was upgraded by investment analysts at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $77.00 price objective on the stock, up from their previous price objective of $7.00. Capital One Financial Corp.’s price target suggests a potential upside of 23.36% from the stock’s previous close.

Shares of Unit (NYSE:UNT) traded up 1.46% on Friday, hitting $63.33. 257,483 shares of the company’s stock traded hands. Unit has a one year low of $45.51 and a one year high of $70.36. The stock’s 50-day moving average is $64.4 and its 200-day moving average is $64.35. The company has a market cap of $3.140 billion and a P/E ratio of 15.52.

Unit (NYSE:UNT) last announced its earnings results on Tuesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by $0.02. The company had revenue of $405.40 million for the quarter, compared to the consensus estimate of $398.93 million. On average, analysts predict that Unit will post $4.87 earnings per share for the current fiscal year.

A number of other firms have also recently commented on UNT. Analysts at KLR Group raised their price target on shares of Unit from $5.00 to $76.00 in a research note on Friday, August 8th. Separately, analysts at Zacks upgraded shares of Unit from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 22nd. They now have a $70.60 price target on the stock. Finally, analysts at Iberia Capital initiated coverage on shares of Unit in a research note on Friday, June 27th. They set a “sector perform” rating and a $73.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $68.95.

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

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