Continental Resources (CLR) Receives Price Target

Continental Resources (CLR) : Currently there are 19 street experts covering Continental Resources (CLR) stock. The most bullish and bearish price target for the stock is $66 and $30 respectively for the short term. The average price target of all the analysts comes to $51.9. The estimated standard deviation from the target is $9.95.

Continental Resources (CLR) : 12 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 22 Wall Street Analysts endorse the stock as a Buy with a rating of 1.86.


Also, Nomura 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. Nomura raises the price target from $50 per share to $54 per share on Continental Resources . The rating by the firm was issued on August 25, 2016.

Continental Resources (NYSE:CLR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.61 and $47.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.75, notching a gain of 1.65% for the day. The total traded volume was 2,330,240 . The stock had closed at $47.96 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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