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.

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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