Jefferies Reaffirms Their Buy Rating on Continental Resources (CLR)


In a report released today, Mark Lear from Jefferies reiterated a Buy rating on Continental Resources (CLR), with a price target of $64. The company’s shares closed yesterday at $45.61.

According to TipRanks.com, Lear ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -11.3% and a 27.1% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Whiting Petroleum Corp, and Range Resources Corp.

Currently, the analyst consensus on Continental Resources is a Strong Buy with an average price target of $64.83, a 42.1% upside from current levels. In a report issued on January 16, Barclays also maintained a Buy rating on the stock with a $62 price target.

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The company has a one-year high of $71.95 and a one-year low of $35.54. Currently, Continental Resources has an average volume of 2.82M.

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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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