Stifel Nicolaus Believes Continental Resources (CLR) Still Has Room to Grow

Stifel Nicolaus analyst Derrick Whitfield maintained a Buy rating on Continental Resources (CLRResearch Report) on June 3 and set a price target of $107.00. The company’s shares closed last Monday at $70.92, close to its 52-week high of $71.99.

According to, Whitfield ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -9.6% and a 36.7% success rate. Whitfield covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Northern Oil And Gas, and Black Stone Minerals.

Continental Resources has an analyst consensus of Moderate Buy, with a price target consensus of $77.20.

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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.

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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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