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Continental Resources (CLR) Receives a Hold from Barclays


According to The Fly, barclays analyst Dorothee Cresswell maintained a Hold rating on Continental Resources (CLR) on November 8. The company’s shares closed yesterday at $50.73.

Continental Resources has an analyst consensus of Moderate Buy, with a price target consensus of $76, representing a 49.8% upside. In a report issued on November 8, Independent Research also maintained a Hold 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 $10.62 million.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock.

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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.