Around 75% of the analysts covering Continental Resources stock (CLR) rated it as a “buy,” 22% rated it as a “hold,” and 3% rated it as “underperform.”
The average target price of $74 indicates a potential negative return of 21% over the next 12 months. In comparison, Concho Resources (CXO) has a potential return of 21.8% over the next 12 months. Newfield Exploration (NFX) has a potential return of 33.84% during the same period. Meanwhile, Apache (APA) has implied returns of ~4.4% over the next 12 months.
The highest target price provided by any broker for Continental Resources stands at $90, while the lowest target price provided is $23.
Recent updates on analysts’ ratings
On May 8, Citigroup downgraded Continental Resources stock from “buy” to “neutral.” On July 24, KLR Group upgraded Continental Resources stock from “hold” to “buy.”
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