Morgan Stanley Sticks to Their Buy Rating for Continental Resources (CLR)
In a report released today, Drew Venker from Morgan Stanley maintained a Buy rating on Continental Resources (CLR), with a price target of $44.00. The company’s shares closed last Monday at $30.16, close to its 52-week low of $27.54.
According to TipRanks.com, Venker is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -12.9% and a 40.5% success rate. Venker covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Gulfport Energy Corp, and Range Resources Corp.
Currently, the analyst consensus on Continental Resources is a Moderate Buy with an average price target of $47.30.
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Continental Resources’ market cap is currently $11.13B and has a P/E ratio of 11.90. The company has a Price to Book ratio of 1.72.
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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.