Share on StockTwits

Stock analysts at KLR Group upped their price target on shares of Continental Resources (NYSE:CLR) from $9.00 to $166.00 in a report issued on Wednesday. The firm currently has an “accumulate” rating on the stock. KLR Group’s target price points to a potential upside of 6.40% from the stock’s previous close.

A number of other firms have also recently commented on CLR. Analysts at SunTrust raised their price target on shares of Continental Resources from $121.00 to $141.00 in a research note on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Continental Resources in a research note on Monday. Finally, 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, June 18th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $139.25.

Shares of Continental Resources (NYSE:CLR) traded up 3.05% during mid-day trading on Wednesday, hitting $156.02. 804,244 shares of the company’s stock traded hands. Continental Resources has a one year low of $83.71 and a one year high of $158.10. The stock’s 50-day moving average is $142.2 and its 200-day moving average is $123.6. The company has a market cap of $28.762 billion and a price-to-earnings ratio of 32.98.

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. On average, analysts predict that Continental Resources will post $6.97 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.