Continental Resources (NYSE:CLR).
SunTrust Banks updated its forecast on CLR and giving a rating of “Buy” and setting a price target of $50.00. Equity analyst Morgan Stanley raised the price target on October 18 changing the forecast from $43.00 to $51.00 and stated a “Overweight” rating.
Bank of America Corporation raised the price target on November 8 changing the price objective from $46.00 to $53.00 with a “Buy” recommendation. Equity analyst Morgan Stanley raised the price target of the stock on November 8 boosting the projection from $51.00 to $56.00 and issued a “Overweight” rating.
Royal Bank Of Canada raised the price target of the stock on November 9 boosting the projection from $48.00 to $51.00 with a rating of “Outperform”. On November 9 the company was upgraded from “” to “Outperform” in a report from Imperial Capital.
The company is so far trading up from yesterday’s close of 44.57.
Continental Resources, Inc., launched on November 16, 1967, is an independent 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 all 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. The East region is consists of undeveloped leasehold acreage east of the Mississippi River with no drilling or production operations. As of December 31, 2016, the Business’s estimated proved reserves were 1,275 million barrels of oil equivalent (MMBoe), with estimated proved developed reserves of 519 MMBoe..
Continental Resources currently has a P/E ratio of N/A and the market cap of the company is 16.76B. In the latest earnings report the EPS was $-0.07 with 375.21M shares now outstanding.
Short traders are more bullish on the company lately if you put credence in the motion in short interest. The firm saw a fall in short interest between October 13, 2017 and October 31, 2017 of -0.39%. Short interest decreased from 16,768,639 to 16,703,760 over that period. Days to cover decreased -1.0 to 8.0 and the short interest percentage is 0.04% as of October 31.Advertisement