Continental Resources (CLR) Gets a Sell Rating from Morgan Stanley

In a report released today, Devin McDermott from Morgan Stanley maintained a Sell rating on Continental Resources (CLRResearch Report), with a price target of $53.00. The company’s shares closed last Tuesday at $51.35, close to its 52-week high of $55.48.

According to, McDermott is a 4-star analyst with an average return of 4.5% and a 55.9% success rate. McDermott covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Southwestern Energy, and Canadian Natural.

Currently, the analyst consensus on Continental Resources is a Hold with an average price target of $57.94.

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Continental Resources’ market cap is currently $18.03B and has a P/E ratio of 21.72.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLR in relation to earlier this year.

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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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