C.K. Cooper reiterated its Unit Corporation UNT Buy rating and $75 price target in a research report published today.
In the report, C.K. Cooper states, "While we are assuming lower long-term natural gas equilibrium given the current dire state of the natural gas market, we are assuming slightly better NGL realizations (50% of WTI vs previous 45%) and additional locations in their Granite Wash and Marmaton plays, which serve to offset lower nat gas pricing assumptions."
Shares of Unit Corporation were trading at $48.06 at the time of posting, up 0.38% from Tuesday's market close.
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