Continental Resources Inc. Oklahoma PT Raised to $120.00 (CLR)
Research analysts at Deutsche Bank boosted their target price on shares of Continental Resources Inc. Oklahoma (NYSE:CLR) from $112.00 to $120.00 in a report released on Wednesday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 8.08% from the stock’s previous close.
In other Continental Resources Inc. Oklahoma news, SVP Richard Muncrief sold 3,500 shares of Continental Resources Inc. Oklahoma stock on the open market in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $100.89, for a total transaction of $353,115.00. Following the completion of the transaction, the senior vice president now directly owns 71,783 shares in the company, valued at approximately $7,242,187. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on CLR. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Continental Resources Inc. Oklahoma (NYSE:CLR) in a research note to investors on Tuesday, September 24th. They set a “buy” rating and a $130.00 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Continental Resources Inc. Oklahoma (NYSE:CLR) from $98.00 to $112.00 in a research note to investors on Wednesday, September 11th. They now have a “neutral” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Continental Resources Inc. Oklahoma (NYSE:CLR) from $101.00 to $111.00 in a research note to investors on Wednesday, September 11th. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Continental Resources Inc. Oklahoma presently has a consensus rating of “Buy” and a consensus target price of $117.74.
Continental Resources Inc. Oklahoma (NYSE:CLR) traded down 0.35% during mid-day trading on Wednesday, hitting $111.03. 1,315,673 shares of the company’s stock traded hands. Continental Resources Inc. Oklahoma has a 1-year low of $66.07 and a 1-year high of $113.00. The stock has a 50-day moving average of $98.49 and a 200-day moving average of $89.27. The company has a market cap of $20.436 billion and a P/E ratio of 28.11.
Continental Resources Inc. Oklahoma (NYSE:CLR) last released its earnings data on Wednesday, August 7th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 70.5% on a year-over-year basis. On average, analysts predict that Continental Resources Inc. Oklahoma will post $5.48 earnings per share 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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