CLR upgrde
Posted: Tue Aug 31, 2021 10:36 am
Raymond James Adjusts Continental Resources' Price Target to $50 from $43, Keeps Outperform Rating
Raymond James analyst John Freeman maintained a Buy rating on Continental Resources (NYSE:CLR) on Tuesday, setting a price target of $50, which is approximately 30.51% above the present share price of $38.31.
Freeman expects Continental Resources to post earnings per share (EPS) of $0.80 for the third quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Continental Resources, with an average price target of $40.75.
The analysts price targets range from a high of $50 to a low of $32.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.24 billion and a net profit of $456.52 million. The company's market cap is $14.08 billion.
According to TipRanks.com, Raymond James analyst John Freeman is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.7% and a 44.44% success rate.
Continental Resources, Inc. engages in the exploration, development and production of crude oil and natural gas. Its operations are focuses on the MT Bakken; Red River Unites; STACK; Arkoma Woodford; SCOOP; and Other. The company was founded by Harold G. Hamm in 1967 and is headquartered in Oklahoma City, OK.