Zacks Rating on Unit Corporation (UNT)

Unit Corporation (UNT) : Zacks Investment Research ranks Unit Corporation (UNT) as 2, which is a Buy recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.86, which indicates as a Buy.

Unit Corporation (UNT) : The highest level Unit Corporation (UNT) is projected to reach is $22 for the short term and the lowest estimate is at $12. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $17.75 and the possibility the share price can swing is $3.45.


Shares of Unit Corporation rose by 10.4% in the last five trading days and 41.31% for the last 4 weeks. Unit Corporation is up 35.55% in the last 3-month period. Year-to-Date the stock performance stands at 41.89%. Unit Corporation (NYSE:UNT): stock turned positive on Tuesday. Though the stock opened at $16.74, the bulls momentum made the stock top out at $17.57 level for the day. The stock recorded a low of $16.74 and closed the trading day at $17.31, in the green by 2.37%. The total traded volume for the day was 683,821. The stock had closed at $16.91 in the previous days trading.

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.