KeyBanc raised the target on Continental Resources(CLR:NYE) to $68

STA Research
by: STA Research

KeyBanc raised the target on Continental Resources to $68 from $63 and maintained the Overweight rating on the company’s stock.

Based on the Continental Resources Inc stock forecasts from 16 analysts, the average analyst target price for Continental Resources Inc is USD 59.47 over the next 12 months. Continental Resources Inc’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Continental Resources Inc is Neutral, which is based on 4 positive signals and 4 negative signals. At the last closing, Continental Resources Inc’s stock price was USD 63.67. Continental Resources Inc’s stock price has changed by +6.67% over the past week, +11.91% over the past month and +144.70% over the last year.

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

 

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