Continental Resources Given New $154.00 Price Target at Global Hunter Securities (CLR)
Stock analysts at Global Hunter Securities boosted their target price on shares of Continental Resources (NYSE:CLR) from $149.00 to $154.00 in a report issued on Tuesday. Global Hunter Securities’ target price indicates a potential upside of 4.73% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Continental Resources from $138.00 to $148.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Continental Resources in a research note on Monday, July 21st. They now have a $171.00 price target on the stock, up previously from $154.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Continental Resources in a research note on Friday, July 18th. They now have a $171.00 price target on the stock, up previously from $150.00. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Continental Resources presently has a consensus rating of “Buy” and an average price target of $148.31.
Continental Resources (NYSE:CLR) traded down 1.80% during mid-day trading on Tuesday, hitting $144.41. The stock had a trading volume of 297,140 shares. 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 $151.8 and a 200-day moving average of $133.8. The company has a market cap of $26.628 billion and a price-to-earnings ratio of 43.24.
Continental Resources (NYSE:CLR) last released its earnings data on Tuesday, August 5th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by $0.19. Analysts expect that Continental Resources will post $6.87 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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