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Morgan Stanley Keeps Their Sell Rating on Continental Resources (CLR)

In a report released today, Devin McDermott from Morgan Stanley maintained a Sell rating on Continental Resources (CLRResearch Report), with a price target of $69.00. The company’s shares closed last Monday at $70.63, close to its 52-week high of $71.99.

According to TipRanks.com, McDermott is a 5-star analyst with an average return of 15.7% and a 59.2% success rate. McDermott covers the Utilities sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Occidental Petroleum, and Southwestern Energy.

Currently, the analyst consensus on Continental Resources is a Moderate Buy with an average price target of $76.87.

See the top stocks recommended by analysts >>

Continental Resources’ market cap is currently $25.08B and has a P/E ratio of 12.57.

Based on the recent corporate insider activity of 55 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.

Read More on CLR:

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