Jefferies analyst Thomas Hughes reiterated a Buy rating on Continental Resources (CLR) yesterday and set a price target of $62. The company’s shares closed yesterday at $44.04.
According to TipRanks.com, Hughes is ranked #4773 out of 5188 analysts.
Currently, the analyst consensus on Continental Resources is a Strong Buy with an average price target of $59.06, representing a 34.1% upside. In a report issued on February 12, KeyBanc also initiated coverage with a Buy rating on the stock with a $52 price target.
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Based on Continental Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $198 million. In comparison, last year the company had a net profit of $842 million.
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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.
