After Barclays and Stifel Nicolaus gave Continental Resources (NYSE: CLR) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Betty Jing maintained a Buy rating on Continental Resources yesterday and set a price target of $56. The company’s shares closed yesterday at $45.16.
According to TipRanks.com, Jing has currently no stars on a ranking scale of 0-5 stars, with an average return of -11.4% and a 32.6% success rate. Jing covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, EQT Corporation, and QEP Resources.
Continental Resources has an analyst consensus of Strong Buy, with a price target consensus of $60.12, which is a 33.1% upside from current levels. In a report issued on January 30, Morgan Stanley also maintained a Buy rating on the stock with a $59 price target.
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Continental Resources’ market cap is currently $17.35B and has a P/E ratio of 10.36. The company has a Price to Book ratio of 2.86.
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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.
