Stock To Watch: Continental Resources, Inc. (NYSE:CLR)


The leading market experts have placed a mean price target of $52.81 on Continental Resources, Inc. (NYSE:CLR) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $-0.08 a share for the upcoming quarter and $-0.77 for the current fiscal.

Technical View

The technical analysis of Continental Resources, Inc. Com plainly substantiates that the 50-day moving average of Continental Resources, Inc. Com is $46.28, and stock is trading $4.01 points away or +8.66% from its 50-day moving average of $46.28. Further it is trading $12.10 or +31.69% away its 200-day moving average of $38.19. Continental Resources, Inc. (NYSE:CLR) 52-week high is $51.01 and the 52-week low is $13.94.

This explains if the stock moves $-0.72, it will post a 52-week high. In event of +260.76% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Continental Resources, Inc. Com, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Continental Resources, Inc. (NYSE:CLR) ratio came in at N/A.

The stock last ended the trading session at $50.29 and registered a market cap of $18.63B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Continental Resources, Inc. (NYSE:CLR) PEG ratio is at 0.92.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 19 times, 1 visits today)