A statement released earlier today by Barclays PLC about Continental Resources, Inc. (NYSE:CLR) bumps the target price to $60.00
- Updated: October 16, 2016
Barclays PLC raised the target price of Continental Resources, Inc. (NYSE:CLR) to $60.00 reporting a possible upside of 0.16%.
Previously on Wednesday September 07, 2016, Scotia Capital reported on Continental Resources, Inc. (NYSE:CLR) lowered the target price from $17.00 to $16.75. At the time, this indicated a possible downside of -0.67%.
Yesterday Continental Resources, Inc. (NYSE:CLR) traded -0.54% lower at $51.78. The company’s 50-day moving average is $49.63 and its 200-day moving average is $43.33. The last closing price is up 18.86% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 187,605 shares of the stock were exchanged, down from an average trading volume of 2,915,710
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Continental Resources, Inc. has a 52 week low of $13.94 and a 52 week high of $55.07 The company’s market cap is currently $0.
In addition to Barclays PLC reporting its target price, a total of 34 brokers have issued a report on the stock. The consensus target price is $46.15 with 9 brokers rating the stock a strong buy, 13 brokers rating the stock a buy, 11 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About Continental Resources, Inc. (NYSE:CLR)
Continental Resources, Inc. is an independent crude oil and natural gas exploration and production company with 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 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), Sooner Trend Anadarko Canadian Kingfisher (STACK), Northwest Cana and Arkoma Woodford areas of Oklahoma. The Company's estimated proved reserves are approximately 1,230 million barrels of crude oil equivalent (MMBoe) with estimated proved developed reserves of over 520 MMBoe. The East region includes undeveloped leasehold acreage east of the Mississippi River. The Company's crude oil production is sold to crude oil refining companies at market centers.
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