Analysts await Continental Resources, Inc. The brokerage set an “outperform” rating on the stock. The ratio improved, as 50 funds sold all Continental Resources, Inc. shares owned while 96 reduced positions.
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Continental Resources is well positioned in Mid-continent resource plays like SCOOP and STACK and enjoys a leading position in the Bakken play. Wunderlich’s target price indicates a potential upside of 21.22% from the stock’s current price. The stock exchanged hands with 7.45 Million shares contrast to its average daily volume of 7.61 Million shares.
Continental Resources, Inc.’s (CLR) has YTD performance of 106.57%. The last close is up 35.26% relative to the 200-day average, compared with the S&P 500 Index which has held steady over the same time. Credit Suisse said it Initiates Coverage on Continental Resources, according to a research note issued on Jun 6, 2016.
08/01/2016 – Continental Resources, Inc. was upgraded to “buy” by analysts at SunTrust. Halcyon Management Partners LP acquired a new stake in Continental Resources during the fourth quarter worth $2,070,000. (NYSE:CLR) inclined 2.53% to $48.67. The stock’s market capitalization is 17.59B.
Continental announced today that it has signed a definitive purchase and sale agreement with an undisclosed buyer to sell non-strategic properties in North Dakota and Montana for $222 million. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.01. Jones Energy (JONE) released that its Stack/Scoop acquisition for $136.5 million; launches an underwritten public offering of 14 million shares of its Class A ordinary stock, 1 million shares of series a perpetual convertible stock at $50/share. Deutsche Bank AG raised their price target on shares of Continental Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Vetr downgraded Continental Resources from a “buy” rating to a “sell” rating and set a $37.50 price target on the stock.in a report on Monday, May 9th. On Aug 15, 2016 the shares registered one year high at $47.95 and the one year low of $13.94 was seen on Jan 20, 2016. The disclosure for this sale can be found here. Analysts have turned bullish on the company’s growth prospects and are therefore pushing up estimates.
The deal includes 68,000 net acres in Williams County, N.D., and 12,000 net acres in Roosevelt County, Mont.
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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.
