A Director at Continental Resources (NYSE: CLR) is Buying Shares

By Carrie Williams

Today, a Director at Continental Resources (CLRResearch Report), John T. Mcnabb, bought shares of CLR for $39.88K.

This is Mcnabb’s first Buy trade following 3 Sell transactions. This recent transaction increases John T. Mcnabb’s holding in the company by 2.34% to a total of $1.67 million.

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CLR’s market cap is $14.64B and the company has a P/E ratio of 15.47. Currently, Continental Resources has an average volume of 2.34M.

Starting in February 2019, CLR received 25 Buy ratings in a row. Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $60.43, reflecting a 55.3% upside. Seven different firms, including Barclays and KeyBanc, currently also have a Buy rating on the stock.

The insider sentiment on Continental Resources has been positive according to 32 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Continental Resources, Inc. engages in the exploration 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.