Continental Resources Hits New 52-Week High at $142.50 (CLR)
Continental Resources (NYSE:CLR)’s share price reached a new 52-week high on Wednesday , AR Network reports. The stock traded as high as $142.50 and last traded at $142.35, with a volume of 343,411 shares changing hands. The stock had previously closed at $141.55.
A number of research firms have recently commented on CLR. Analysts at Barclays raised their price target on shares of Continental Resources from $143.00 to $149.00 in a research note on Tuesday, May 20th. They now have an “overweight” rating on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Continental Resources from $138.00 to $140.00 in a research note on Tuesday, May 13th. Finally, analysts at KLR Group raised their price target on shares of Continental Resources from $2.00 to $157.00 in a research note on Monday, May 12th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Continental Resources presently has a consensus rating of “Buy” and an average target price of $136.06.
The stock has a 50-day moving average of $135.6 and a 200-day moving average of $119.2. The company has a market cap of $26.332 billion and a P/E ratio of 30.84.
Continental Resources (NYSE:CLR) last announced its earnings results on Wednesday, May 7th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by $0.03. The company had revenue of $972.50 million for the quarter, compared to the consensus estimate of $1,000.00 million. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. Analysts expect that Continental Resources will post $6.97 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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