Continental Resources (CLR) : 11 brokerage houses believe that Continental Resources (CLR) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Continental Resources (CLR). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 21 Wall Street Analysts endorse the stock as a Buy with a rating of 1.9.
Continental Resources (CLR) has been rated by 18 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $66 and the lowest price target forecast is $30. The average forecast of all the analysts is $49.56 and the expected standard deviation is $9.9.
Shares of Continental Resources, Inc. rose by 5.16% in the last five trading days and 15.04% for the last 4 weeks. Continental Resources, Inc. is up 21.48% in the last 3-month period. Year-to-Date the stock performance stands at 115.36%. Continental Resources (NYSE:CLR): stock turned positive on Tuesday. Though the stock opened at $48.24, the bulls momentum made the stock top out at $50.09 level for the day. The stock recorded a low of $47.97 and closed the trading day at $49.49, in the green by 3.45%. The total traded volume for the day was 3,758,802. The stock had closed at $47.84 in the previous days trading.
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.