Susquehanna Reaffirms Their Hold Rating on Continental Resources (CLR)

By Ryan Adsit

In a report issued on February 19, Biju Perincheril from Susquehanna reiterated a Hold rating on Continental Resources (CLRResearch Report), with a price target of $46. The company’s shares closed yesterday at $44.78.

According to TipRanks.com, Perincheril is a 3-star analyst with an average return of 2.1% and a 43.4% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Jagged Peak Energy Inc, and Range Resources Corp.

Continental Resources has an analyst consensus of Strong Buy, with a price target consensus of $58.12.

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Continental Resources’ market cap is currently $16.84B and has a P/E ratio of 16.96. The company has a Price to Book ratio of 2.74.

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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.