Continental Resources Announces Record STACK Oil Well

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Simmons Raises Price Target on Continental Resources (CLR) to $37; Reiterates Neutral

May 18, 2016 7:45 AM EDT

Simmons reiterated a Neutral rating on Continental Resources (NYSE: CLR), and raised the price target to $37.00 (from $32.00), following a review of the company's 1Q.

Analyst Pearce Hammond commented, "CLR shares have risen 80% this year, outperforming the EPX by 65% due to: 1) an unhedged oil... More