Continental Resources (CLR) Update - Jan 29

[dan_s]

On January 29th Drew Venker at Morgan Stanley rated CLR a BUY with a price target of $60.

Other recent analysts' reports:
> Jan 23rd John Freeman at Raymond James rated CLR a BUY with a price target of $80
> Jan 16th Jeanine Wai at Barclays rated CLR a BUY with a price target of $62

My valuation is $81.

NONE of CLRs oil is hedged, so this one is almost a pure play on which way you believe oil prices are heading. I believe WTI will top $60/bbl within six months.

CLR is currently trading for $46/share.