Stephens Reiterates Their Buy Rating on Continental Resources (CLR)


In a report released today, Drew Lipke from Stephens reiterated a Buy rating on Continental Resources (CLR), with a price target of $74. The company’s shares opened today at $44.50.

According to TipRanks.com, Lipke is a 3-star analyst with an average return of 4.7% and a 59.4% success rate. Lipke covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Abraxas Petroleum Corp, and Whiting Petroleum Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Continental Resources with a $58.94 average price target, implying a 32.4% upside from current levels. 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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Continental Resources’ market cap is currently $16.56B and has a P/E ratio of 16.67. The company has a Price to Book ratio of 2.69.

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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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