Capital One Southcoast Reiterates an 'Add' on Unit Corp (UNT); Increasing Valuation on Unconventional Potential
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Capital One Southcoast reiterates an 'Add' rating on Unit Corp (NYSE: UNT), raises price target from $38 to $48.
Capital One analyst says, "UNT's E&P exposure to unconventional plays, in particular the Granite Wash and Haynesville, is beginning to take the spotlight. We believe there will be near-term catalysts from well results from UNT and other operators in these areas and believe the market will begin to reward the stock for that potential. As a result we are increasing our target price to incorporate value for acreage in the Granite Wash and highlighting additional potential upside to our target from unconventional plays."
To see more analyst ratings on UNT Click Here.
Unit Corporation operates as a contract drilling company. The company operates through three segments: Contract Drilling, Oil and Natural Gas, and Mid-Stream.
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