Continental Resources, Inc. (CLR) Given a $40.00 Price Target at Robert W. Baird
Continental Resources, Inc. (NYSE:CLR) has been given a $40.00 price target by stock analysts at Robert W. Baird in a research report issued on Thursday. The brokerage presently has a “hold” rating on the oil and natural gas company’s stock. Robert W. Baird’s price target would indicate a potential upside of 7.90% from the company’s current price.
Other equities analysts have also issued reports about the company. Scotiabank reissued a “buy” rating and set a $52.00 price objective on shares of Continental Resources in a report on Friday, June 30th. Jefferies Group LLC reissued a “buy” rating and set a $47.00 price objective on shares of Continental Resources in a report on Thursday. Imperial Capital began coverage on Continental Resources in a report on Tuesday, September 19th. They set an “in-line” rating and a $41.00 price objective for the company. Cowen and Company set a $35.00 price objective on Continental Resources and gave the company a “hold” rating in a report on Tuesday, July 18th. Finally, Barclays PLC set a $37.00 price objective on Continental Resources and gave the company an “overweight” rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $46.30.
Shares of Continental Resources (NYSE CLR) traded down 1.51% on Thursday, hitting $37.07. The company’s 50-day moving average price is $36.26 and its 200-day moving average price is $37.07. The company’s market capitalization is $13.76 billion. Continental Resources has a 52 week low of $29.08 and a 52 week high of $60.30.
About Continental Resources
Continental Resources, Inc is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units.
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