KeyBanc Believes Continental Resources (CLR) Still Has Room to Grow

In a report released today, Leo Mariani from KeyBanc maintained a Buy rating on Continental Resources (CLRResearch Report), with a price target of $63.00. The company’s shares closed last Wednesday at $59.33, close to its 52-week high of $60.16.

According to TipRanks.com, Mariani is a top 100 analyst with an average return of 33.7% and a 64.2% success rate. Mariani covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and California Resources Corp.

Currently, the analyst consensus on Continental Resources is a Moderate Buy with an average price target of $60.67, representing a 3.9% upside. In a report issued on February 16, MKM Partners also maintained a Buy rating on the stock with a $62.00 price target.

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The company has a one-year high of $60.16 and a one-year low of $24.40. Currently, Continental Resources has an average volume of 1.88M.

Based on the recent corporate insider activity of 53 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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