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

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

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) PT Raised to $85 at CFRA

CFRA raised its price target on Continental Resources (NYSE: CLR) to $85.00 (from $73.00) while maintaining a Buy rating.... 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) IV comes in on more calls than puts after take private offer

Continental Resources (NYSE: CLR) 30-day option implied volatility is at 48; compared to its 52-week range of 48 to 73 after announces receipt of $70 per share take private offer. Call put ratio 2.2 calls to 1 put.

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

Smead Capital, Largest Continental Resources (CLR) Shareholder After Hamm Family, Believes Take Private Offer "Undervalues" Shale Producer - Reuters

Smead Capital, Largest Continental Resources (NYSE: CLR) Shareholder After Hamm Family, Believes Take Private Offer "Undervalues" Shale Producer - Reuters

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

Founder Harold Hamm offers to take Continental private at $25-billion value

By Arunima Kumar and David French

(Reuters) -Continental Resources Inc said on Tuesday it received an all-cash offer from billionaire-founder Harold Hamm's family trust, a deal which could take the U.S. shale producer private at a valuation of $25.41 billion.

If both sides reach an agreement, it would result in the most significant deal in the U.S. shale sector since the surge in oil and natural gas prices this year caused by tightened supply, as the world emerges from the coronavirus pandemic and the dislocation of energy markets caused by Russia's invasion of Ukraine.

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

Continental Resources, Inc. (NYSE: CLR) today announced that its board of directors (the "Board") has received a non-binding proposal letter, dated June 13, 2022, from Harold G. Hamm, on behalf of himself, the Harold G. Hamm Trust and certain trusts established for the benefit of Mr. Hamm's family members (collectively, the "Hamm Family") to acquire for cash all of the outstanding shares of common stock (the "Common Stock") of Continental, other than shares of Common Stock owned by the Hamm Family and shares of Common Stock underlying unvested equity awards issued pursuant to... More

Continental Resources (CLR) PT Raised to $77 at Barclays

Barclays analyst Jeanine Wai raised the price target on Continental Resources (NYSE: CLR) to $77.00 (from $67.00) while maintaining a Underweight rating.... More