Continental Resources Hits New 52-Week High at $160.60 (CLR)
Continental Resources (NYSE:CLR)’s share price reached a new 52-week high on Friday , Stock Ratings Network.com reports. The stock traded as high as $160.60 and last traded at $159.14, with a volume of 288,448 shares changing hands. The stock had previously closed at $157.75.
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, August 12th. 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. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $148.31.
The stock’s 50-day moving average is $149.6 and its 200-day moving average is $137.3. The company has a market cap of $29.500 billion and a price-to-earnings ratio of 46.38. Continental Resources shares are scheduled to split before the market opens on Thursday, September 11th. The 2-1 split was announced on Monday, August 18th. The newly created shares will be payable to shareholders after the closing bell on Wednesday, September 10th.
Continental Resources (NYSE:CLR) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.69 by $0.19. Analysts expect that Continental Resources will post $6.71 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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