Continental Resources found using ticker (CLR) have now 24 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 93 and 64 with a mean TP of 74.71. Given that the stocks previous close was at 66.51 this now indicates there is a potential upside of 12.3%. The 50 day MA is 66.84 while the 200 day moving average is 56.97. The market capitalisation for the company is $24,005m. Company Website: https://www.clr.com
The potential market cap would be $26,965m 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.
