Susquehanna analyst Biju Perincheril reiterated a Hold rating on Continental Resources (CLR) today and set a price target of $49. The company’s shares closed on Friday at $45.16.
According to TipRanks.com, Perincheril is a 3-star analyst with an average return of 0.9% and a 42.0% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Jagged Peak Energy Inc, and Whiting Petroleum Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Continental Resources with a $68.07 average price target.
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Based on Continental Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $314 million. In comparison, last year the company had a net profit of $842 million.
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Continental Resources, Inc. engages in the exploration and production of crude oil and natural gas. Its operations are focuses on the MT Bakken; Red River Unites; STACK; Arkoma Woodford; SCOOP; and Other. The company was founded by Harold G. Hamm in 1967 and is headquartered in Oklahoma City, OK.
