Unit Corporation (UNT) : Traders are bullish on Unit Corporation (UNT) as it has outperformed the S&P 500 by a wide margin of 7.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 14.34%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 14.53% in the last 1 week, and is up 6.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 10.4% and the 50-Day Moving Average is 19.49%.The 200 Day SMA reached 49.87%
Unit Corporation (NYSE:UNT): After opening at $18.08, the stock dipped to an intraday low of $17.65 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $18.76 and the buying power remained strong till the end. The stock closed at $18.6 for the day, a gain of 5.26% for the day session. The total traded volume was 706,191. The stocks close on the previous trading day was $18.6.
Unit Corporation (UNT) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $24 and the lowest price target forecast is $12. The average forecast of all the analysts is $18.5 and the expected standard deviation is $3.96.
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.