Continental on the Street: Analysts’ Recommendations after 2Q17
Analysts’ ratings for Continental Resources
Approximately 33.3% of the analysts tracking Continental Resources (CLR) have rated the stock a “buy,” and the same number of analysts have rated the stock a “strong buy.” Around 30.3% have rated CLR’s stock as a “hold.”
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The average broker target price of $45.72 for CLR stock implies a potential return of around ~33.2% over the next 12 months.
The high and low analyst target prices provided by analysts for Continental Resources’ stock are $60 and $23, respectively.
Upgrades and downgrades for CLR stock
In May, Credit Suisse had upgraded Continental Resources to “outperform.” While at the start of this year, KLR Group and Jefferies both upgraded the stock to “buy.”
To learn more about CLR, read Market Realist’s Continental Resources’ Key 2017 Objectives: What’s Its Focus? You can also check out How Continental’s Debt Has Impacted Its Valuation.