Unit Corporation (NYSE: UNT) has recently received a number of price target changes and ratings updates:

  • 8/4/2017 – Unit Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “UNIT CORP. is engaged in the land contract drilling of oil and natural gas wells, the development, acquisition and production of oil and natural gas properties, and the marketing of natural gas. Its principal areas of operations are located in the Anadarko and Arkoma Basins, which cover portions of Oklahoma, Texas, Kansas and Arkansas and has additional producing properties located in other states, including but not limited to, New Mexico, Louisiana, North Dakota, Colorado, Wyoming, Montana, Alabama and Mississippi. “
  • 8/3/2017 – Unit Corporation was given a new $26.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 7/28/2017 – Unit Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/27/2017 – Unit Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “UNIT CORP. is engaged in the land contract drilling of oil and natural gas wells, the development, acquisition and production of oil and natural gas properties, and the marketing of natural gas. Its principal areas of operations are located in the Anadarko and Arkoma Basins, which cover portions of Oklahoma, Texas, Kansas and Arkansas and has additional producing properties located in other states, including but not limited to, New Mexico, Louisiana, North Dakota, Colorado, Wyoming, Montana, Alabama and Mississippi. “
  • 7/25/2017 – Unit Corporation was downgraded by analysts at KLR Group from a “buy” rating to a “hold” rating. They now have a $19.00 price target on the stock, down previously from $23.00.
  • 7/21/2017 – Unit Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “UNIT CORP. is engaged in the land contract drilling of oil and natural gas wells, the development, acquisition and production of oil and natural gas properties, and the marketing of natural gas. Its principal areas of operations are located in the Anadarko and Arkoma Basins, which cover portions of Oklahoma, Texas, Kansas and Arkansas and has additional producing properties located in other states, including but not limited to, New Mexico, Louisiana, North Dakota, Colorado, Wyoming, Montana, Alabama and Mississippi. “
  • 7/18/2017 – Unit Corporation was given a new $25.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 6/30/2017 – Unit Corporation had its “hold” rating reaffirmed by analysts at Scotiabank. They now have a $26.00 price target on the stock.

Shares of Unit Corporation (NYSE UNT) traded down 1.87% during trading on Tuesday, hitting $17.84. The stock had a trading volume of 567,131 shares. Unit Corporation has a 52 week low of $12.35 and a 52 week high of $30.63. The stock’s market capitalization is $942.36 million. The stock’s 50 day moving average is $18.08 and its 200 day moving average is $21.66.

Unit Corporation (NYSE:UNT) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Unit Corporation had a net margin of 0.39% and a return on equity of 2.07%. The firm had revenue of $170.58 million during the quarter, compared to analysts’ expectations of $178.59 million. During the same quarter in the previous year, the company posted ($0.15) EPS. Unit Corporation’s revenue was up 23.3% on a year-over-year basis. On average, equities research analysts expect that Unit Corporation will post $0.71 earnings per share for the current fiscal year.

Unit Corporation is an oil and natural gas contract drilling company. The Company has operations in the exploration and production and mid-stream areas. The Company operates through three segments: Oil and Natural Gas, Contract Drilling and Mid-Stream. It is primarily engaged in the exploration, development, acquisition, and production of oil and natural gas properties, the land contract drilling of natural gas and oil wells, and the buying, selling, gathering, processing and treating of natural gas.

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