In a report issued on December 13, Mark Lear from Jefferies reiterated a Buy rating on Continental Resources (CLR), with a price target of $67. The company’s shares closed on Friday at $45.77, close to its 52-week low of $43.53.
According to TipRanks.com, Lear ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -12.2% and a 27.5% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Jagged Peak Energy Inc, and Whiting Petroleum Corp.
Currently, the analyst consensus on Continental Resources is a Moderate Buy with an average price target of $68.87, representing a 50.5% upside. In a report issued on December 6, Stephens also initiated coverage with a Buy rating on the stock with a $88 price target.
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The company has a one-year high of $71.95 and a one-year low of $43.53. Currently, Continental Resources has an average volume of 2.53M.
Based on the recent corporate insider activity of 49 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.
