Brokerage Firm Rating Update on Unit Corporation (UNT)

Unit Corporation (UNT) has an average broker rating of 1.86, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 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 2, which is also a Buy.

Unit Corporation (UNT) : The most positive equity analysts on Unit Corporation (UNT) expects the shares to touch $22, whereas, the least positive believes that the stock will trade at $12 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $17.75 with an expected fluctuation of $3.45 from the mean.


For the current week, the company shares have a recommendation consensus of Buy.

Unit Corporation (NYSE:UNT): The stock opened at $17.88 and touched an intraday high of $18.25 on Wednesday. During the day, the stock corrected to an intraday low of $17.7, however, the bulls stepped in and pushed the price higher to close in the green at $18.08 with a gain of 1.63% for the day. The total traded volume for the day was 677,670. The stock had closed at $17.79 in the previous trading session.

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.

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