Continental Resources Inc. Oklahoma Stock Rating Reaffirmed by SunTrust (CLR)
Continental Resources Inc. Oklahoma (NYSE:CLR)‘s stock had its “neutral” rating reaffirmed by SunTrust in a research note issued on Friday, StockRatingsNetwork.com reports. They currently have a $121.00 price target on the stock, down from their previous price target of $126.00. SunTrust’s target price suggests a potential upside of 10.09% from the stock’s previous close.
Shares of Continental Resources Inc. Oklahoma (NYSE:CLR) traded down 0.76% during mid-day trading on Friday, hitting $109.0767. The stock had a trading volume of 345,671 shares. Continental Resources Inc. Oklahoma has a one year low of $72.35 and a one year high of $121.78. The stock’s 50-day moving average is $107.8 and its 200-day moving average is $104.0. The company has a market cap of $20.078 billion and a price-to-earnings ratio of 23.75.
Continental Resources Inc. Oklahoma (NYSE:CLR) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.13. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $970.67 million. During the same quarter in the previous year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 60.1% on a year-over-year basis. On average, analysts predict that Continental Resources Inc. Oklahoma will post $5.64 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets initiated coverage on shares of Continental Resources Inc. Oklahoma in a research note to investors on Monday. They set an “outperform” rating on the stock. Separately, analysts at Merrill Lynch upgraded shares of Continental Resources Inc. Oklahoma to a “buy” rating in a research note to investors on Tuesday, January 7th. Finally, analysts at Bank of America Corp. upgraded shares of Continental Resources Inc. Oklahoma from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $122.89.
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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