Continental Resources (CLR) Update - Jan 29
Posted: Tue Jan 29, 2019 2:06 pm
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.
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.