CLR - Continental Resources Inc. Looks to Continue to Trade Above its Annual-High Share Price Today

Continental Resources Inc. (NYSE:CLR) traded at a new 52-week high today of $72.95. This new high was reached on below average trading volume as 586,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

Over the past year, Continental Resources Inc. has traded in a range of $31.40 to $72.95 and is now at $72.16, 130% above that low.

Continental Resources Inc. (NYSE:CLR) defies analysts with a current price ($72.16) 18.5% above its average consensus price target of $58.82.

Continental Resources is a U.S. oil and gas producer targeting in the Bakken Shale in North Dakota, the Delaware Basin in Texas, and the Scoop/Stack plays in Oklahoma. At the end of 2021, the company reported net proven reserves of 1.6 billion barrels of oil equivalent. Net production averaged 330 thousand barrels of oil equivalent per day in 2020, at a ratio of 49% oil and 51% natural gas and NGLs.

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