In a report released today, John Freeman from Raymond James reiterated a Buy rating on Continental Resources (CLR), with a price target of $70. The company’s shares opened today at $44.88.
According to TipRanks.com, Freeman has currently no stars on a ranking scale of 0-5 stars, with an average return of -5.4% and a 37.7% success rate. Freeman covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Whiting Petroleum Corp, and Black Stone Minerals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Continental Resources with a $59.35 average price target, representing a 32.2% 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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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 2.75M.
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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.
