What Do Analysts Expect for Continental Resources?



Analysts’ expectations

Around 33% of the analysts covering Continental Resources’ stock (CLR) have rated it a “buy” while another 33% have rated it a “strong buy.” 30% of the analysts have rated CLR a “hold.” The median price target stands at $45.88 and indicates a potential return of ~40% over the next 12 months.

The company’s high price target stands at $60 while its low price target is $20. Continental Resources makes up 1.8% of the First Trust Energy AlphaDEX Fund (FXN).

Article continues below advertisement

Recent updates on analysts’ ratings

In late June 2017, Seaport Global Securities downgraded CLR’s stock from “buy” to “sell.” At the beginning of the year, KLR Group upgraded CLR from “hold” to “buy,” while Jefferies upgraded CLR from “underperform” to “buy.”


More From Market Realist