Form 8-K CONTINENTAL RESOURCES, For: Jun 13
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Wells Fargo Downgrades Continental Resources (CLR) to Equal Weight
June 15, 2022 6:44 AM EDTWells 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'
June 14, 2022 2:04 PM EDTCredit 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) Deal Likely to Close says Stifel, 'We believe the transaction goes through'
June 14, 2022 11:36 AM EDTContinental 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) Gains on Hamm Takeover Bid, Which Is Seen as Too Low
June 14, 2022 11:09 AM EDTContinental 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
Cowen Puts the Continental Resources (CLR) Go-Private Offer in Context: 'not fully surprising'
June 14, 2022 10:11 AM EDTContinental 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'
June 14, 2022 10:08 AM EDTContinental 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
