Continental Resources (CLR) Gets a Buy Rating from Raymond James

Raymond James analyst John Freeman maintained a Buy rating on Continental Resources (CLRResearch Report) today and set a price target of $80.00. The company’s shares closed last Friday at $58.80.

According to TipRanks.com, Freeman is a top 100 analyst with an average return of 33.0% and a 58.9% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Northern Oil And Gas, and Black Stone Minerals.

Continental Resources has an analyst consensus of Moderate Buy, with a price target consensus of $72.17, which is a 22.7% upside from current levels. In a report issued on April 14, RBC Capital also maintained a Buy rating on the stock with a $85.00 price target.

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Based on Continental Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.93 billion and net profit of $743 million. In comparison, last year the company earned revenue of $838 million and had a GAAP net loss of $92.5 million.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Continental Resources, Inc. engages in the exploration, development 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.

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