Continental Resources Inc. Oklahoma’s Hold Rating Reaffirmed at Wunderlich (CLR)
Continental Resources Inc. Oklahoma (NYSE:CLR)‘s stock had its “hold” rating reaffirmed by Wunderlich in a research note issued on Tuesday, American Banking News reports. They currently have a $95.00 price target on the stock. Wunderlich’s price target would indicate a potential downside of 8.24% from the stock’s previous close.
Continental Resources Inc. Oklahoma (NYSE:CLR) traded up 4.23% on Tuesday, hitting $103.53. 2,796,875 shares of the company’s stock traded hands. Continental Resources Inc. Oklahoma has a one year low of $66.07 and a one year high of $100.47. The stock has a 50-day moving average of $94.21 and a 200-day moving average of $87.40. The company has a market cap of $19.056 billion and a P/E ratio of 25.06.
Continental Resources Inc. Oklahoma (NYSE:CLR) last released its earnings data on Wednesday, August 7th. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.25 by $0.08. The company had revenue of $892.19 million for the quarter, compared to the consensus estimate of $853.42 million. During the same quarter in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 70.5% on a year-over-year basis. Analysts expect that Continental Resources Inc. Oklahoma will post $5.39 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CLR. Analysts at Jefferies Group raised their price target on shares of Continental Resources Inc. Oklahoma (NYSE:CLR) from $98.00 to $128.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Continental Resources Inc. Oklahoma (NYSE:CLR) from $108.00 to $110.00 in a research note to investors on Monday, August 12th. They now have an “outperform” rating on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Continental Resources Inc. Oklahoma (NYSE:CLR) from $101.00 to $108.00 in a research note to investors on Friday, August 9th.
Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Continental Resources Inc. Oklahoma currently has a consensus rating of “Buy” and a consensus target price of $109.53.
Continental Resources, Inc (NYSE:CLR) is an independent crude oil and natural gas exploration and production company with operations in the North, South and East regions of the United States.
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