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Continental Resources (CLR) Gets a Buy Rating from Wells Fargo

In a report released today, Nitin Kumar CFA from Wells Fargo maintained a Buy rating on Continental Resources (CLRResearch Report), with a price target of $82.00. The company’s shares closed last Friday at $58.27, close to its 52-week high of $62.97.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 35.8% and a 87.6% success rate. CFA covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Northern Oil And Gas, and Southwestern Energy.

Currently, the analyst consensus on Continental Resources is a Moderate Buy with an average price target of $63.06, which is an 8.2% upside from current levels. In a report issued on March 8, Scotiabank also maintained a Buy rating on the stock with a $67.00 price target.

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Continental Resources’ market cap is currently $21.23B and has a P/E ratio of 12.77.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is neutral on the stock.

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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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