Continental Resources found using ticker (CLR) have now 31 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 80 and 32 calculating the average target price we see 57.97. Now with the previous closing price of 52.32 this now indicates there is a potential upside of 10.8%. The 50 day moving average now sits at 50.6 and the 200 day moving average is 43.13. The market capitalisation for the company is $20,193m. Company Website: https://www.clr.com
The potential market cap would be $22,374m based on the market concensus.
Continental Resources explores for, develops, produces, and manages crude oil, natural gas, and related products primarily in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. As of December 31, 2021, its proved reserves were 1,645 million barrels of crude oil equivalent (MMBoe) with proved developed reserves of 908 MMBoe. The company was founded in 1967 and is headquartered in Oklahoma City, Oklahoma.
