Continental Resources (CLR) was Downgraded to a Hold Rating at Jefferies


According to The Fly, in a report released today, Ashik Kurian from Jefferies downgraded Continental Resources (CLR) to Hold. The company’s shares closed yesterday at $49.19.

According to TipRanks.com, Kurian is ranked #4450 out of 5142 analysts.

Continental Resources has an analyst consensus of Moderate Buy, with a price target consensus of $69.54, a 41.4% upside from current levels. In a report issued on November 30, HSBC 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 51 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.

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