Continental Resources Inc. Oklahoma Price Target Raised to $120.00 at Global Hunter Securities (CLR)
Research analysts at Global Hunter Securities raised their price objective on shares of Continental Resources Inc. Oklahoma (NYSE:CLR) from $108.00 to $120.00 in a report released on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Global Hunter Securities’ price objective indicates a potential upside of 18.04% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Continental Resources Inc. Oklahoma (NYSE:CLR) from $105.00 to $112.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at UBS AG cut their EPS estimates on shares of Continental Resources Inc. Oklahoma (NYSE:CLR) in a research note on Wednesday. They now have a $110.00 price target on the stock. Finally, analysts at Howard Weil raised their price target on shares of Continental Resources Inc. Oklahoma (NYSE:CLR) from $136.00 to $150.00 in a research note to investors on Wednesday. They now have a “sector outperform” rating on the stock.
Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $114.37.
Continental Resources Inc. Oklahoma (NYSE:CLR) traded down 1.81% on Wednesday, hitting $101.66. 2,464,856 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 $103.78. The stock has a 50-day moving average of $94.45 and a 200-day moving average of $87.54. The company has a market cap of $18.712 billion and a P/E ratio of 26.12.
Continental Resources Inc. Oklahoma (NYSE:CLR) last posted its quarterly earnings results 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 $5.41 EPS for the current fiscal year.
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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