Continental Resources (CLR) has an average broker rating of 1.9, which is interpreted as a Buy, as rated by 21 equity analysts. Nonetheless, 11 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.
Continental Resources (CLR) : 18 Wall Street analysts covering Continental Resources (CLR) believe that the average level the stock could reach for the short term is $49.11. The maximum price target given is $66 and the minimum target for short term is around $30, hence the standard deviation is calculated at $10.18.
For the current week, the company shares have a recommendation consensus of Buy. Continental Resources (NYSE:CLR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.98 and $44.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.58, notching a gain of 4.67% for the day. The total traded volume was 3,002,370 . The stock had closed at $44.50 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Hamm Harold, Director Officer 10% Owner (Ceo & Chairman) of CONTINENTAL RESOURCES, INC, had unloaded 180,505,408 shares at an average price of $19.39 in a transaction dated on September 16, 2015. The total value of the transaction was worth $3,499,999,861.
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.