Continental Resources Inc. Oklahoma PT Raised to $125.00 at Societe Generale (CLR)
Investment analysts at Societe Generale upped their target price on shares of Continental Resources Inc. Oklahoma (NYSE:CLR) from $112.00 to $125.00 in a note issued to investors on Wednesday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Societe Generale’s target price would indicate a potential upside of 12.58% 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 $112.00 to $120.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $117.74.
Continental Resources Inc. Oklahoma (NYSE:CLR) traded down 0.35% on Wednesday, hitting $111.03. The stock had a trading volume of 1,315,673 shares. Continental Resources Inc. Oklahoma has a 52 week low of $66.07 and a 52 week 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 for the quarter, beating the analysts’ 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 last year, the company posted $0.68 earnings per share. Continental Resources Inc. Oklahoma’s revenue was up 70.5% compared to the same quarter last year. On average, analysts predict that Continental Resources Inc. Oklahoma will post $5.48 earnings per share for the current fiscal year.
In other Continental Resources Inc. Oklahoma news, SVP Richard Muncrief sold 3,500 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 71,783 shares of the company’s stock, valued at approximately $7,242,187. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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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