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CLR

Continental Resources

$53.77

0.07 (0.13%)

16:22
02/15/18
02/15
16:22
02/15/18
16:22

Continental Resources announces 2018 operating plan

In the Bakken, Continental Resources plans to average six operated drilling rigs throughout 2018 and drill approximately 142 gross operated wells. During the year the company plans to work down its inventory of drilled but not producing wells, and at year-end 2018, the company expects to have 120 gross operated Bakken wells in progress in various stages of completion, of which 44 gross wells will have been completed but waiting on first sales. In Oklahoma, Continental plans to operate an average of 15 drilling rigs during 2018, of which eight rigs will be in STACK targeting the Meramec and Woodford formations, and seven rigs will be in the SCOOP play primarily targeting the Springer and Woodford formations. Five of the SCOOP rigs will be focused on the Springer as the Company begins full-field development of this oil reservoir.

  • 22

    Feb

CLR Continental Resources
$53.77

0.07 (0.13%)

01/23/18
KLRG
01/23/18
DOWNGRADE
Target $61
KLRG
Hold
Continental Resources downgraded to Hold from Buy at KLR Group
KLR Group analyst John Gerdes downgraded Continental Resources to Hold with a $61 price target citing valuation.
01/23/18
FBCO
01/23/18
NO CHANGE
Target $65
FBCO
Outperform
Continental Resources price target raised to $65 from $57 at Credit Suisse
Credit Suisse analyst Betty Jiang raised her price target for Continental Resources to $65 from $57 on valuation. The analyst reiterates an Outperform rating on the shares.
02/01/18
DBAB
02/01/18
INITIATION
Target $70
DBAB
Buy
Continental Resources initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Nitin Kumar started Continental Resources with a Buy rating and $70 price target.
02/06/18
RILY
02/06/18
INITIATION
Target $78
RILY
Buy
Continental Resources initiated with a Buy at B. Riley FBR
B. Riley FBR analyst Rehan Rashid started Continental Resources with a Buy rating and $78 price target.

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