Analysts’ Opinions Are Mixed on These Materials Stocks: Continental Resources (NYSE: CLR) and Halcon Resources (NYSE: HK)

By Ryan Adsit

Analysts have been eager to weigh in on the Materials sector with new ratings on Continental Resources (NYSE: CLR) and Halcon Resources (NYSE: HK).

Continental Resources (NYSE: CLR)

In a report released yesterday, Thomas Driscoll from Barclays maintained a Buy rating on Continental Resources (NYSE: CLR), with a price target of $53. The company’s shares opened today at $43.24.

According to TipRanks.com, Driscoll is a 4-star analyst with an average return of 4.2% and a 53.9% success rate. Driscoll covers the Basic Materials sector, focusing on stocks such as Quicksilver Resources Inc, Occidental Petroleum, and Range Resources Corp.

Currently, the analyst consensus on Continental Resources is Strong Buy and the average price target is $59, representing a 36.4% upside.

In a report issued on April 12, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a $61 price target.
Halcon Resources (NYSE: HK)

In a report released yesterday, Jeffrey Robertson from Barclays maintained a Sell rating on Halcon Resources (NYSE: HK), with a price target of $8. The company’s shares opened today at $7.01.

According to TipRanks.com, Robertson is a 4-star analyst with an average return of 3.3% and a 46.4% success rate. Robertson covers the Basic Materials sector, focusing on stocks such as Quicksilver Resources Inc, Whiting Petroleum Corp, and Gulfport Energy Corp.

Halcon Resources has an analyst consensus of Moderate Buy, with a price target consensus of $8.

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