Headlines about Continental Resources (NYSE:CLR) have been trending somewhat positive on Saturday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Continental Resources earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the oil and natural gas company an impact score of 46.5352184601316 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
Continental Resources (NYSE:CLR) traded up 0.63% during trading on Friday, hitting $33.63. The stock had a trading volume of 1,354,710 shares. The company’s 50-day moving average is $32.78 and its 200 day moving average is $39.10. Continental Resources has a 52 week low of $29.08 and a 52 week high of $60.30. The firm’s market cap is $12.48 billion.
A number of analysts recently issued reports on CLR shares. Credit Suisse Group raised shares of Continental Resources from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $40.00 to $57.00 in a research report on Friday, May 5th. They noted that the move was a valuation call. ValuEngine downgraded shares of Continental Resources from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. BidaskClub raised shares of Continental Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Citigroup Inc. dropped their target price on shares of Continental Resources from $60.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, Seaport Global Securities downgraded shares of Continental Resources from a “buy” rating to a “sell” rating and dropped their target price for the stock from $57.00 to $20.00 in a research report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $49.05.
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About Continental Resources
Continental Resources, Inc is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units.
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