In a report issued on August 27, Kashy Harrison from Piper Jaffray reiterated a Buy rating on Continental Resources (NYSE: CLR), with a price target of $77. The company’s shares closed yesterday at $66.53, close to its 52-week high of $69.91.
According to TipRanks.com, Harrison is a 3-star analyst with an average return of 4.1% and a 50.0% success rate. Harrison covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Anadarko Petroleum, and Concho Resources.
Continental Resources has an analyst consensus of Moderate Buy, with a price target consensus of $77.80.
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The company has a one-year high of $69.91 and a one-year low of $33.04. Currently, Continental Resources has an average volume of 1.78M.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLR in relation to earlier this year.
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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.
