Robert W. Baird analyst Joseph Allman reiterated a Buy rating on Continental Resources (CLR) yesterday and set a price target of $62. The company’s shares opened today at $46.10.
According to TipRanks.com, Allman is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -11.2% and a 27.6% success rate. Allman covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Laredo Petroleum.
Continental Resources has an analyst consensus of Strong Buy, with a price target consensus of $64.77, a 40.5% upside from current levels. In a report issued on January 14, Goldman Sachs also maintained a Buy rating on the stock.
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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.
