Continental Resources (CLR) Update - Jan 25
Posted: Fri Jan 25, 2019 10:20 am
In the last 3 months, 20 ranked analysts set 12-month price targets for CLR. The range is $49 to $88. The average price target among the analysts is $66.33.
The two most recent reports are:
Raymond James on 1/23/2019: $80.00
Barclays on 1/16/2019: $62.00
NONE of CLR's oil is hedges, which explains the extremely wide range of price targets.
My valuation is $81.00, based an average realized oil price of $50/bbl for 2019. < CLR should generate approximately $1.0 Billion of FREE CASH FLOW FROM OPERATIONS in 2019.
If you think oil prices will drift higher, then CLR should be one of your Core Holdings.
The two most recent reports are:
Raymond James on 1/23/2019: $80.00
Barclays on 1/16/2019: $62.00
NONE of CLR's oil is hedges, which explains the extremely wide range of price targets.
My valuation is $81.00, based an average realized oil price of $50/bbl for 2019. < CLR should generate approximately $1.0 Billion of FREE CASH FLOW FROM OPERATIONS in 2019.
If you think oil prices will drift higher, then CLR should be one of your Core Holdings.