Continental Resources (CLR) Receives a Hold from J.P. Morgan
According to The Fly, j.P. Morgan analyst Jose Asumendi maintained a Hold rating on Continental Resources (CLR) on November 8. The company’s shares closed yesterday at $50.73.
According to TipRanks.com, Asumendi is ranked #4087 out of 4912 analysts.
Currently, the analyst consensus on Continental Resources is a Moderate Buy with an average price target of $76, which is a 49.8% upside from current levels. 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.