Continental Resources Receives Average Rating of “Buy” from Analysts (NYSE:CLR)
Continental Resources (NYSE:CLR) has received an average recommendation of “Buy” from the twenty brokerages that are presently covering the company, AmericanBankingNews.com reports. Five research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $148.31.
Several analysts have recently commented on the stock. Analysts at Global Hunter Securities raised their price target on shares of Continental Resources from $149.00 to $154.00 in a research note on Tuesday. Separately, 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. Finally, 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.
Shares of Continental Resources (NYSE:CLR) traded down 0.09% on Wednesday, hitting $144.58. 71,202 shares of the company’s stock traded hands. Continental Resources has a 1-year low of $90.11 and a 1-year high of $159.24. The stock’s 50-day moving average is $151.5 and its 200-day moving average is $134.1. The company has a market cap of $26.660 billion and a price-to-earnings ratio of 42.55.
Continental Resources (NYSE:CLR) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.69 by $0.19. On average, analysts predict that Continental Resources will post $6.87 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.
Receive News & Ratings for Continental Resources Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Resources Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.