Investment analysts at RBC Capital upped their price objective on shares of Continental Resources Inc. Oklahoma (NYSE:CLR) from $108.00 to $110.00 in a note issued to investors on Monday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target suggests a potential upside of 16.32% from the stock’s previous close.
Shares of Continental Resources Inc. Oklahoma (NYSE:CLR) traded down 1.25% during mid-day trading on Monday, hitting $94.57. Continental Resources Inc. Oklahoma has a one year low of $66.07 and a one year high of $99.01. The stock’s 50-day moving average is currently $91.74. The company has a market cap of $17.370 billion and a P/E ratio of 24.17.
Continental Resources Inc. Oklahoma (NYSE:CLR) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.25 by $0.08. The company had revenue of $892.19 million for the quarter, compared to the consensus estimate of $853.42 million. During the same quarter last year, the company posted $0.68 earnings per share. Continental Resources Inc. Oklahoma’s revenue was up 70.5% compared to the same quarter last year. On average, analysts predict that Continental Resources Inc. Oklahoma will post $5.35 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich raised their price target on shares of Continental Resources Inc. Oklahoma from $80.00 to $95.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Continental Resources Inc. Oklahoma from $101.00 to $108.00 in a research note to investors on Friday. Finally, analysts at Raymond James raised their price target on shares of Continental Resources Inc. Oklahoma from $110.00 to $115.00 in a research note to investors on Thursday.
Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $106.70.
Continental Resources, Inc (NYSE:CLR) is an independent crude oil and natural gas exploration and production company with operations in the North, South and East regions of the United States.
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