Continental Resources Inc Stock News

Crude oil prices continued their relentless rise higher Tuesday after the U.S. announced a Russian oil ban. But market strategists are urging investors not to overreact to the latest inflationary shock. Recession talk is premature, for one thing. The equity market, while broadly humbled, is hardly broken. And opportunities for outperformance remain, at both the equity and sector level – especially in energy stocks – according to analysts and strategists. SEE MORE 66 Best Dividend Stocks You Can Count On in 2022 Most importantly, panicking never did any investor any good. "The macroeconomic indicators do not give hope for a quick recovery, compounded by the continuing Russia-Ukraine war," says Kunal Sawhney, CEO of research firm Kalkine Australia. "However, freaking out at the possibility of a longer period of disruption won''t help." The Russian oil ban, announced Tuesday by President Joe Biden, includes not just Russian crude, but also liquefied natural gas and coal. Global benchmark Brent crude oil prices broke above $132 a barrel on the news.

In its weekly release, Baker Hughes Company (BKR) reports that the U.S. rig count is flat with the prior-week tally.

The oil and gas company Continental Resources is investing $250 million over the next two years to help build the largest carbon capture and sequestration project of its kind in the world, the project

Analysts have provided the following ratings for Continental Resources (NYSE: CLR ) within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 6 0 3 0 Last 30D 0 1 0 0 0 1M Ago 0 2 0 0 0 2M Ago 0 3 0 1 0 3M Ago 0 0 0 2 0 According to 9 analyst offering 12-month price targets in the last 3 months, Continental Resources has an average price target of $59.56 with a high of $70.00 and a low of $41.00. Below is a summary of how these 9 analysts rated Continental Resources over the past 3 months. The greater the number … Full story available on Benzinga.com

The investment by Harold Hamm''s Continental Resources is expected to help raise additional capital for the project

Continental Resources (CLR) +1.8% pre-market after saying it will commit $250M over the next two years to help fund the development and construction of the largest carbon capture…

CASSELTON, N.D., March 2, 2022 /PRNewswire/ -- Today, Summit Carbon Solutions announces a strategic investment from Continental Resources, Inc. (NYSE: CLR) to create the largest carbon capture and sequestration project of its kind in the world. Continental Resources will commit $250…

Frackers like Continental Resources and Diamondback Energy have recently shown significant capital restraint to avoid the mistakes of the past.

For now, the western reaction to the unfolding situation in Ukraine will likely be limited to economic sanctions. U.S

A recently closed acquisition is giving the company the fuel to boost its payout.

Continental Resources found using ticker (CLR) have now 31 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 80 and 32 with the average target price sitting at 57.97. Now with the previous closing price of 53.94 this is indicating there is a potential upside of 7.5%. The day 50 moving average is 50.03 and the 200 moving average now moves to 42.7. The market capitalisation for the company is $19,224m. Visit the company website at: https://www.clr.com [stock_market_widget type="chart" template="basic" color="green" assets=CLR" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $20,660m based on the market concensus. Continental Resources explores for, develops, produces, and manages crude oil, natural gas, and related products primarily in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.

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Shares of shale oil producer Continental Resources fell as much as 8% on Tuesday after the company gave a 2022 outlook that included higher-than-expected spending and lower-than-expected oil and gas volumes.