Continental Resources (CLR) Gets a Buy Rating from Guggenheim

By Austin Angelo

Guggenheim analyst Subash Chandra reiterated a Buy rating on Continental Resources (CLRResearch Report) yesterday and set a price target of $66. The company’s shares closed yesterday at $46.14.

According to TipRanks.com, Chandra is a 1-star analyst with an average return of -0.5% and a 43.2% success rate. Chandra covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Gulfport Energy Corp, and Range Resources Corp.

Currently, the analyst consensus on Continental Resources is a Strong Buy with an average price target of $60.29, a 30.7% upside from current levels. In a report issued on January 29, Mizuho Securities also initiated coverage with a Buy rating on the stock with a $59 price target.

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The company has a one-year high of $71.95 and a one-year low of $35.54. Currently, Continental Resources has an average volume of 2.64M.

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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.