Analyst Rating Update on Unit Corporation (UNT)

Unit Corporation (NYSE:UNT) has an average broker rating of 1.67, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Unit Corporation (NYSE:UNT) : The most positive equity analysts on Unit Corporation (NYSE:UNT) expects the shares to touch $22, whereas, the least positive believes that the stock will trade at $10 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $16.5 with an expected fluctuation of $3.55 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, KLR Group downgrades its rating on Unit Corporation (NYSE:UNT). Analysts at the KLR Group have a current rating of Accumulate on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 26, 2016.

Unit Corporation (NYSE:UNT): stock turned positive on Tuesday. Though the stock opened at $16.14, the bulls momentum made the stock top out at $16.44 level for the day. The stock recorded a low of $15.78 and closed the trading day at $16.01, in the green by 4.30%. The total traded volume for the day was 951,511. The stock had closed at $15.35 in the previous days trading.

In an insider trading activity, Nikkel John G, director of Unit Corp, had purchased 2,000 shares on March 1, 2016. The total value of the transaction was $11,440. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Unit Corporation (Unit) is an oil and natural gas contract drilling company. In addition to its drilling operations, 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. The Companys Oil and Natural Gas operations are carried out by its subsidiary Unit Petroleum Company, which explores, develops, acquires, and produces oil and natural gas properties. Contract Drilling operations are carried out by subsidiary Unit Drilling Company and its subsidiaries. Contract Drilling segment contracts to drill onshore oil and natural gas wells for others. The Companys Mid-Stream are operations carried out by subsidiary Superior Pipeline Company, L.L.C., which buys, sells, gathers, processes, and treats natural gas for third parties and for the Company.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.