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What Analysts Recommend for Continental Resources after Its 2Q16 Report

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Consensus rating for Continental Resources

Approximately 62% of analysts rate Continental Resources (CLR) a “buy,” and 32% rate it a “hold.” The remaining ~6% rate it a “sell.” The average broker target price of $48.72 for CLR implies a return of around ~10% over the next 12 months.

By comparison, upstream peers Anadarko Petroleum (APC) and Cimarex Energy (XEC) have implied returns of ~27%, and 8.7%, respectively, for the next 12 months.

The high, low, and median analyst target prices for Continental Resources are $66, $33, and $50, respectively. Remember, CLR is a component of the Vanguard Energy ETF (VDE), which invests 0.32% of its total portfolio in the company.

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