Continental Resources (CLR) Announces Receipt of $70 Per Share "Take Private" Proposal From Hamm Family

Wells Fargo Downgrades Continental Resources (CLR) to Equal Weight

Wells Fargo analyst Nitin Kumar downgraded Continental Resources (NYSE: CLR) from Overweight to Equal Weight with a price target of $82.00.

The analyst comments "Moving to the sidelines on low probability of a competing bid. We believe investors expect that the special committee of independent CLR Board members will find a competing (and potentially higher) bid for the ~17% shares or even the entire company.... More

JPMorgan on Continental Resources (CLR) Go-Private Offer: 'we see the initial offer for CLR as low'

JPMorgan analyst Arun Jayaram comments Continental Resources (NYSE: CLR) writing "Earlier today, the Hamm family made a $70 per share offer to take CLR private. Against this backdrop, we thought it would be helpful to update our valuation data for current prices, with CLR's... More

Continental Resources (CLR) PT Raised to $78 at Credit Suisse, 'Shareholders will likely want a higher valuation more in line with peers'

Credit Suisse analyst William Janela raised the price target on Continental Resources (NYSE: CLR) to $78.00 (from $64.00) while maintaining a Neutral rating.

The analyst comments "Shareholders will likely want a higher valuation more in line with peers. At $70/share, the offer price... More

Continental Resources (CLR) Deal Likely to Close says Stifel, 'We believe the transaction goes through'

Continental Resources (NYSE: CLR) Deal Likely to Close says Stifel

Analyst Derrick Whitfield comments "Before the open, Continental announced that the Board has received a non-binding, take private proposal letter from Harold Hamm to acquire for cash all outstanding shares of common... More

Continental Resources (CLR) Gains on Hamm Takeover Bid, Which Is Seen as Too Low

Continental Resources' (NYSE: CLR) stock rallied Tuesday after it was revealed the oil and natural gas producer has received a $70 per share take private bid from Chairman Harold Hamm, the company's founder and his family.

The businessman and his family already own approximately 83% of the... More

Cowen Puts the Continental Resources (CLR) Go-Private Offer in Context: 'not fully surprising'

Continental Resources (NYSE: CLR)

Analyst David Deckelbaum comments "CLR is unique in several aspects. The company has always been closely held and consummating a full take-private has been mentioned previously as a viable alternative and is not fully surprising. Additionally, CLR is uniquely... More

RBC Sees Continental Resources (CLR) Commanding Higher Takeout Price 'especially in the current elevated commodity price environment'

Continental Resources (NYSE: CLR)

Analyst Scott Hanold comments "We think it will take a higher price for existing shareholders, especially in the current elevated commodity price environment. The average consensus price target is $78-79/share. We forecast CLR's FCF generation at $6.5 billion... More

Continental Resources (CLR) Climbs 7% Following $70 Per Share Take Private Offer

Continental Resources (NYSE: CLR) Climbs 7% Following $70 Per Share Take Private Offer