Continental Resources with ticker code (CLR) now have 31 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 80 and 32 with a mean TP of 56.06. With the stocks previous close at 57.25 this would imply there is a potential downside of -2.1%. The day 50 moving average is 47.97 and the 200 moving average now moves to 41.3. The market capitalisation for the company is $20,878m. Company Website: https://www.clr.com
The potential market cap would be $20,444m based on the market concensus.
Continental Resources explores for, develops, and produces crude oil and natural gas 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, 2020, its proved reserves were 1,104 million barrels of crude oil equivalent (MMBoe) with proved developed reserves of 627 MMBoe. The company was founded in 1967 and is headquartered in Oklahoma City, Oklahoma.
