Jefferies Reiterates Their Buy Rating on Continental Resources
In a report issued on July 9, Mark Lear from Jefferies reiterated a Buy rating on Continental Resources (NYSE: CLR), with a price target of $84. The company’s shares closed yesterday at $62.42.
According to TipRanks.com, Lear is a 3-star analyst with an average return of 2.6% and a 52.7% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Whiting Petroleum Corp, and Extraction Oil & Gas.
Currently, the analyst consensus on Continental Resources is a Moderate Buy with an average price target of $73.92, a 18.4% upside from current levels. In a report issued on July 9, RBC Capital also reiterated a Buy rating on the stock with a $72 price target.
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Continental Resources’ market cap is currently $23.47B and has a P/E ratio of 22.83. The company has a Price to Book ratio of 4.38.
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.