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J.P. Morgan Reaffirms Their Hold Rating on Continental Resources (CLR)

J.P. Morgan analyst Arun Jayaram maintained a Hold rating on Continental Resources (CLRResearch Report) yesterday and set a price target of $78.00. The company’s shares closed yesterday at $70.89.

According to TipRanks, Jayaram is a 5-star analyst with an average return of 13.0% and a 57.44% success rate. Jayaram covers the Utilities sector, focusing on stocks such as Ovintiv, EQT, and Hess.

The word on The Street in general, suggests a Hold analyst consensus rating for Continental Resources with a $74.73 average price target.

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CLR market cap is currently $25.73B and has a P/E ratio of 8.81.

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Continental Resources, Inc. engages in the exploration, development and production of crude oil and natural gas. Its operations are focuses on the MT Bakken; Red River Unites; STACK; Arkoma Woodford; SCOOP; and Other. The company was founded by Harold G. Hamm in 1967 and is headquartered in Oklahoma City, OK.

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