Credit Suisse Sticks to Its Hold Rating for Continental Resources (CLR)

According to The Fly, in a report released yesterday, Sascha Gommel from Credit Suisse maintained a Hold rating on Continental Resources (CLR). 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, which is a 49.8% upside from current levels. In a report issued on October 25, J.P. Morgan also maintained a Hold rating on the stock.


See today’s analyst top recommended stocks >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.