Unit Corp (UNT) Ups Production Outlook; FedEx (FDX) Surges on Analysts Perspective
The price of Unit Corporation (NYSE:UNT) stock soared in early trade Tuesday after the company raised its oil and gas production growth guidance for 2015 versus 2014 to a range of 6% to 8% from its previous year-over-year growth guidance range of 2% to 4%
UNT stock is currently trading at $19.19, up $5.26 (or +37.76%), and 3,128,591 of its shares exchanged hands so far, a large increase in activity versus its average volume (3m) of 1,121,840
Unit Corp., which operates as an oil and natural gas contract drilling company primarily in the U.S., has 50.42M and UNT stock 52-week range is $10.80 – $54.88 per share.
Investment analysts at Stifel Nicolaus upgraded shares of FedEx Corp. (NYSE:FDX) from a Hold to a Buy rating and set a price target of $172.00 on the company’s stock
FDX stock is exchanging hands for about $151.53, up $1.61 (or +1.07%), and 1,592,798 of its shares were traded so far during the day
FedEx, which provides transportation, e-commerce, and business services in the U.S. and internationally, has 282.38M Shares Outstanding and FDX stock 52-week range is between $130.13 and $185.19 per share
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