Continental Resources Hits New 12-Month High at $154.38 (CLR)
Continental Resources (NYSE:CLR)’s share price hit a new 52-week high during trading on Thursday , AR Network reports. The company traded as high as $154.38 and last traded at $153.44, with a volume of 296,636 shares traded. The stock had previously closed at $152.73.
Several analysts have recently commented on the stock. Analysts at Capital One Financial Corp. downgraded shares of Continental Resources from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Continental Resources in a research note on Wednesday, June 11th. They now have a $150.00 price target on the stock, up previously from $128.00. Finally, 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. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Continental Resources currently has a consensus rating of “Buy” and a consensus target price of $137.44.
The stock’s 50-day moving average is $140.0 and its 200-day moving average is $122.1. The company has a market cap of $28.408 billion and a P/E ratio of 33.27.
Continental Resources (NYSE:CLR) last announced its earnings results on Wednesday, May 7th. The company reported $1.47 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.17 earnings per share. Continental Resources’s revenue was up 38.4% compared to the same quarter last year. On average, analysts predict that Continental Resources will post $6.98 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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