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Enter Symbol:
Rating: CLR
Buy $54
down 32.00 %

CONTINENTAL RESOURCES INC (NYSE: CLR) reiterated to Buy with price target $54 by Canaccord Genuity

Wednesday,  Feb 4, 2015  10:25 AM ET by Kristen Bailey

The Canaccord Genuity advised against investing in this stock and the price has fallen for a loss. The price fell from $66.65 on 09/22/2014 to $45.12 on 02/04/2015. Canaccord Genuity reiterated CONTINENTAL
RESOURCES INC (NYSE: CLR) to Buy with price target $54 with today's price of $45.12. Canaccord Genuity rated CONTINENTAL RESOURCES INC (NYSE: CLR) to Buy with price target $95 on 09/22/2014, when the price was $66.65. CONTINENTAL RESOURCES INC's stock price lost 32% since then.
By following the previous Canaccord Genuity's recommendation on CLR, you would have lost 32% in 135 days.

Continental Resources, Inc. is an independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The Company focuses on exploration activities in new or developing plays that provide it the opportunity to acquire undeveloped acreage positions for future drilling operations. During the year ended December 31, 2008, 70% of its reserves were located in the Rocky Mountain region. During 2008, the Company acquired 20 square miles of 3-D seismic on Chicago/Norad project. Its wholly owned subsidiary is Banner Pipeline Company, L.L.C.

Canaccord Genuity’s global team of over 100 research professionals are inquisitive, experienced and committed to generating actionable investment ideas. We analyze over 725 companies in a broad range of market sectors, identifying value and defining risk for our clients.

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