Analyst Rating Update on Continental Resources (CLR)

Continental Resources (CLR) : 20 analysts are covering Continental Resources (CLR) and their average rating on the stock is 1.95, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Continental Resources (CLR) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Continental Resources (CLR) : 17 investment research analysts covering Continental Resources (CLR) have an average price target of $46.53 for the near short term. The highest target price given by the Brokerage Firm to the stock is $63 and the lowest target is $30 for the short term. Analysts expect the variance to be within $10.64 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, Deutsche Bank maintains its view on Continental Resources (NYSE:CLR) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Deutsche Bank raises the price target from $50 per share to $54 per share on Continental Resources . The rating by the firm was issued on July 20, 2016.


Continental Resources (NYSE:CLR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.99 and $42.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.88, notching a gain of 4.76% for the day. The total traded volume was 5,555,600 . The stock had closed at $42.84 on the previous day.

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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