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Analysts at Stifel Nicolaus Maintained their “Buy” rating for Continental Resources Inc (NYSE:CLR) with $61.00 Price Target

Stifel Nicolaus Analyst Rating Change Continental Resources Inc. NYSE:CLR

Continental Resources Inc (NYSE:CLR) Rating Restated

Continental Resources Inc (NYSE:CLR) had its Stock rating noted as “Buy” by analysts at Stifel Nicolaus. Stifel Nicolaus currently has a $61.00 target price per share on the $16.56 billion market cap company or 35.65 % upside potential. This was revealed to investors in a report on Friday, 14 April.

NYSE:CLR is now trading -1.90% lower at $44.97 as of 2:00 PM New York time. Continental Resources Inc.’s stock is 0% in the past 200 days. It has underperformed the S&P500 Index, which has surged 14.38% in the same time.

According to data compiled by Thomson Reuters, Continental Resources Inc (NYSE:CLR)’s stock is covered by 34 equity analysts across the Street, with 1 analysts giving it a Sell rating, 22 a Buy rating, while 11 consider it a Hold. The 12-month consensus target price for the stock is $46.15, which reflects an upside potential of 2.62% over the current price.


Institutional Ownership

Brenham Capital Management L.P. had the largest stake with ownership of 1.40 million shares as of q2 2015 for 8.63% of the US long stock exposure. Jvl Advisors L.L.C. is another bull as the institutional investor who is owning 835,900 shares of Continental Resources Inc. or 8.48% of their US long stock exposure. Further, Caymus Capital Partners L.P. have 4.63% of their US long stock exposure invested in the company for 763,500 shares. The New Jersey-based fund Columbus Hill Capital Management L.P. disclosed it had acquired a stake worth about 4.61% of the institutional investor’s stock portfolio in Continental Resources Inc.. The California-based fund Cambrian Capital Limited Partnership is also positive about the stock, possessing 836,500 shares or 4.54% of their US long stock exposure.

Continental Resources Inc (NYSE:CLR) Profile

Continental Resources IncContinental Resources, Inc. is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units. The South region includes properties south of Nebraska and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province (SCOOP), Sooner Trend Anadarko Canadian Kingfisher (STACK), and Arkoma Woodford areas of Oklahoma.

Continental Resources Inc (NYSE:CLR) traded down -1.90% on 14 April, hitting $44.97. A total of 2.84M shares of the company’s stock traded hands. This is up from average of 2.72M shares. Continental Resources Inc. has a 52 week low of $31.70 and a 52 week high of $60.3. The company has a market cap of $16.56B and a P/E ratio of 0.

Get the latest Continental Resources Inc (NYSE:CLR) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Analysts at Stifel Nicolaus Maintained their “Buy” rating for Continental Resources Inc (NYSE:CLR) with $61.00 Price Target appeared first on Octafinance.



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Analysts at Stifel Nicolaus Maintained their “Buy” rating for Continental Resources Inc (NYSE:CLR) with $61.00 Price Target

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