Continental Resources PT Raised to $179.00 at Howard Weil (CLR)
Analysts at Howard Weil increased their target price on shares of Continental Resources (NYSE:CLR) from $166.00 to $179.00 in a research report issued to clients and investors on Thursday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price target would suggest a potential upside of 14.46% from the company’s current price.
In other Continental Resources news, SVP Steven K. Owen sold 4,000 shares of Continental Resources stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $154.95, for a total value of $619,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at KLR Group raised their price target on shares of Continental Resources from $9.00 to $166.00 in a research note on Wednesday, June 25th. They now have an “accumulate” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Continental Resources from $121.00 to $141.00 in a research note on Monday, June 23rd. They now have a “neutral” rating on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Continental Resources in a research note on Monday, June 23rd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $141.06.
Shares of Continental Resources (NYSE:CLR) opened at 151.52 on Thursday. Continental Resources has a 52-week low of $90.11 and a 52-week high of $159.24. The stock has a 50-day moving average of $149.0 and a 200-day moving average of $127.3. The company has a market cap of $27.933 billion and a price-to-earnings ratio of 34.07.
Continental Resources (NYSE:CLR) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.47 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.17 earnings per share. The company’s quarterly revenue was up 38.4% on a year-over-year basis. Analysts expect that Continental Resources will post $7.01 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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