Continental Resources (CLR): Price Target and June Short Interest Disclosure

Continental Resources (CLR) : The most positive equity analysts on Continental Resources (CLR) expects the shares to touch $63, whereas, the least positive believes that the stock will trade at $24 in the short term. The company is covered by 18 Wall Street Brokerage Firms. The average price target for shares are $43.31 with an expected fluctuation of $10.35 from the mean.

Continental Resources (CLR) has witnessed a drop of 3.2% or 759,966 shares in its short figure. The short interest diminution took it from 23,399,796 on June 15,2016 to 22,639,830 on June 30,2016. In terms of floated shares, the short interest was calculated to be 26.2%. The days to cover are 6 given that the daily volume averaged 3,613,393 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Continental Resources (NYSE:CLR). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $50 per share from a prior target of $48. 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 $45.35, the bulls momentum made the stock top out at $45.91 level for the day. The stock recorded a low of $44.93 and closed the trading day at $45.32, in the green by 1.25%. The total traded volume for the day was 2,761,780. The stock had closed at $44.76 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.

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