C.K. Cooper Reiterates Unit Corporation Buy, $75 PT

C.K. Cooper reiterated its Unit Corporation

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.