Price Target Update on Continental Resources (NYSE:CLR)

Continental Resources (NYSE:CLR) : The consensus price target for Continental Resources (NYSE:CLR) is $43.86 for the short term with a standard deviation of $9.18. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $63, however, the pessimist price target for the company is $30.

Other Equity analysts have also commented on the company shares. Brokerage firm Deutsche Bank maintains its rating on Continental Resources (NYSE:CLR). As per the latest information, the brokerage house raises the price target to $50 per share from a prior target of $48. The shares have been rated Buy. The rating by the firm was issued on June 14, 2016.

Continental Resources (NYSE:CLR): stock turned positive on Thursday. Though the stock opened at $45.39, the bulls momentum made the stock top out at $45.92 level for the day. The stock recorded a low of $45.1 and closed the trading day at $45.88, in the green by 2.37%. The total traded volume for the day was 2,667,448. The stock had closed at $44.82 in the previous days trading.

The company shares have rallied 1.89% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $45.64 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $41.42 and the 200 Day Moving Average price is recorded at $29.79. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Hart John D, officer (Sr. VP & CFO) of Continental Resources, Inc, had unloaded 13,500 shares at an average price of $42.54 in a transaction dated on June 14, 2016. The total value of the transaction was worth $574,290.

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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