Continental Resources (CLR) Receives a Hold from Raymond James

In a report released today, John Freeman from Raymond James reiterated a Hold rating on Continental Resources (CLR). The company’s shares closed last Friday at $22.39.

According to, Freeman is ranked 0 out of 5 stars with an average return of -3.2% and a 38.1% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Northern Oil And Gas, and Black Stone Minerals.

The word on The Street in general, suggests a Hold analyst consensus rating for Continental Resources with a $20.88 average price target, a -4.8% downside from current levels. In a report issued on February 17, Northland Securities also maintained a Hold rating on the stock with a $15.00 price target.

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Based on Continental Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $838 million and GAAP net loss of $92.5 million. In comparison, last year the company earned revenue of $1.2 billion and had a net profit of $194 million.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLR in relation to earlier this year.

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Continental Resources, Inc. engages in the exploration, development 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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