Continental Resources (NYSE:CLR) Target Raised by UBS Group AG to $16.00

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Continental Resources stock has undergone multiple analysts rating changes in the recent past.  Continental Resources stock Target Raised by   UBS Group AG on 6/29/2020. In a note to investors, the firm issued a new target price of $16.00. The analysts previously had $7.00 target price. UBS Group AG’s price target would indicate a potential upside of 2.96% from the stock’s previous close.

Shares of Continental Resources traded up $1.09 on Monday, reaching $16.19. 4943146 shares of the stock traded hands, compared to its average volume of 5210860. Shares of were trading at $16.19 on Monday. The firm’s 50 day moving average is $14.85 and its 200 day moving average is 23.17.Continental Resources  has a 12 month low of $15.18 and a 12 month high of $43.57. While on yearly highs and lows, Continental Resources today has traded high as $16.64 and has touched $15.18 on the downward trend.

Continental Resources Earnings and What to expect: 

Continental Resources last announced its earnings results on May 11th, 2020. The oil and natural gas company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.05. The firm earned $880.80 million during the quarter, compared to analyst estimates of $843.57 million. Its revenue for the quarter was down 21.7% compared to the same quarter last year. Continental Resources has generated $2.25 earnings per share over the last year and currently has a price-to-earnings ratio of 15.1. Continental Resources has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, August 3rd, 2020 based off prior year’s report dates.

Earnings for Continental Resources are expected to grow in the coming year, from ($1.40) to ($0.48) per share. The P/E ratio of Continental Resources is 15.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.11. The P/E ratio of Continental Resources is 15.05, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.20. Continental Resources has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 79.60%
  • On 6/24/2020 Chairman Harold Hamm Buy 1,300,000 at average share price of $16.01 which equates to $20,813,000.00 in money value.
  • On 6/22/2020 Chairman Harold Hamm Buy 1,224,474 at average price of  $16.98 with total value of : Not Data Available
  • On 5/28/2020 Director Timothy Garth Taylor Buy 7,265 at average price of  $13.64 with total value of : $99,094.60
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Continental Resources

  • 6/25/2020 – Continental Resources had its price target raised by analysts at Wells Fargo & Co from $16.00 to $18.00. They now have an “equal weight” rating on the stock. ()
  • 6/23/2020 – Continental Resources had its price target raised by analysts at Imperial Capital from $14.00 to $18.00. They now have an “in-line” rating on the stock. ()
  • 6/19/2020 – Continental Resources had its price target raised by analysts at Mizuho from $8.00 to $15.00. ()
  • 6/15/2020 – Continental Resources is now covered by analysts at Siebert Williams Shank. They set a “hold” rating and a $18.00 price target on the stock. ()
  • See More Analyst Rating at: RATING

Other rating updates by UBS Group AG: 

  • 6/29/2020 – Apache had its price target raised by analysts at UBS Group AG from $4.50 to $15.00. They now have a “neutral” rating on the stock. ()
  • 6/29/2020 – Berry Petroleum had its price target raised by analysts at UBS Group AG from $4.50 to $7.00. They now have a “buy” rating on the stock. ()
  • 6/29/2020 – ConocoPhillips had its price target raised by analysts at UBS Group AG from $50.00 to $62.00. They now have a “buy” rating on the stock. ()
  • 6/29/2020 – Concho Resources had its price target raised by analysts at UBS Group AG from $74.00 to $99.00. They now have a “buy” rating on the stock. ()
  • See More Analyst Rating at: RATING

Continental Resources (NYSE:CLR) Moving Average Technical Analysis

5 day Moving Average is $15.92 And 5 day price change is -0.78 (-4.58%)  with average volume for 5 day average is 4,769,153. While technical analysis for average 20 days shows significant difference, 20 day moving average is  16.79 and 20 day price change is 3.03 (0.229) and average 20 day moving volume is 5,205,818. 50 day moving average is 14.85  and 50 day price change is 5.04 ( 0.4492)  and with average volume for 50 days is : 5,449,777. 200 day moving average is 23.17  and 200 day price change is -15.69 (-49.11%)  and with average volume for 200 days is : 4,675,801.

See More Analyst Rating at: RATING