Brokerage Firm Rating Update on Continental Resources (CLR)

Continental Resources (CLR) : The consensus on Continental Resources (CLR) based on 22 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Continental Resources (CLR).

Continental Resources (CLR) stock is expected to deviate a maximum of $9.95 from the average target price of $51.9 for the short term period. 19 Street Experts have initiated coverage on the stock with the most promising target being $66 and the most muted being $30.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Nomura maintains the rating on Continental Resources (NYSE:CLR). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $50 per share to $54 per share. The rating by the firm was issued on August 25, 2016.

Continental Resources (NYSE:CLR): The stock opened at $50.7 and touched an intraday high of $50.83 on Wednesday. During the day, the stock corrected to an intraday low of $50.0133, however, the bulls stepped in and pushed the price higher to close in the green at $50.55 with a gain of 0.28% for the day. The total traded volume for the day was 2,039,473. The stock had closed at $50.41 in the previous trading session.

Continental Resources, Inc. is an independent crude oil and natural gas exploration and production company. The Company owns 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. The Bakken field of North Dakota and Montana is a crude oil resource play. The South region includes Kansas and all properties south of Kansas and west of the Mississippi River, including various plays in the South Central Oklahoma Oil Province (SCOOP), Northwest Cana and Arkoma areas of Oklahoma. The East region comprises undeveloped leasehold acreage east of the Mississippi River.

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