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UPDATE: JP Morgan Raises PT to $122 on Continental Resources on NAV Update

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JP Morgan maintained Continental Resources (NYSE: CLR) with a Neutral and raised the price target from $118.00 to $122.00.

JP Morgan commented, "We are updating our NAV and earnings estimates based on the latest operations and financial press release. Next week, CLR will be reporting its 4Q12 earnings. Increasing price target. We are increasing our Dec-13 price target to $122/share from $118/share, which is 100-105% of our NYMEX NAV at YE13, in line with where our group is trading relative to current NYMEX NAV."

Continental Resources closed at $83.88 on Friday.

Latest Ratings for CLR

DateFirmActionFromTo
Apr 2015Cowen & CompanyInitiates Coverage onMarket Perform
Apr 2015JefferiesMaintainsUnderweight
Apr 2015NomuraInitiates Coverage onBuy

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