Zacks Investment Research announced Unit Corporation (NYSE:UNT), raising its target price to $29.00 today
- Updated: February 12, 2017
Unit Corporation (NYSE:UNT) had its target bumped up to $29.00 by Zacks Investment Research in a report issued 2/9/2017. The updated stock price target implies a possible upside of 0.14% from the company's previous close.
Just yesterday Unit Corporation (NYSE:UNT) traded 4.31% higher at $25.51. The company’s 50-day moving average is $27.13 and its 200-day moving average is $20.70. With the last close up 32.19% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. Trade Volume was down over the average, with 552,905 shares of UNT changing hands under the typical 662,705
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With a market cap of $0, Unit Corporation has 52 week low of $3.90 and a one year high of $30.63 .
A total of 8 brokerages have released a report on Unit Corporation. 2 brokers rating the stock a strong buy, 3 equity analysts rating the company a buy, three equity analysts rating the company a hold, 0 firms rating the stock a underperform, and finally 0 analysts rating the company a sell with a 12-month price target of $16.25.
General Company Details For Unit Corporation (NYSE:UNT)
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. Its Oil and Natural Gas operations are carried out by its subsidiary Unit Petroleum Company. The Oil and Natural Gas segment explores, develops, acquires, and produces oil and natural gas properties. Contract Drilling operations are carried out by subsidiary Unit Drilling Company. It drills onshore oil and natural gas wells for its own account, as well as for other oil and natural gas companies. Its Mid-Stream operations are carried out by subsidiary Superior Pipeline Company, L.L.C.
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