CLR Stock Recent News

Continental Resources (CLR) stock is rising Monday on news that billionaire Harold Hamm wants to take the oil company private. The post CLR Stock Jumps 14% on Takeover Proposal From Billionaire Harold Hamm appeared first on InvestorPlace.

Truist Securities analyst Neal Dingmann said Tuesday that the nature of Continental Resources Inc.'s CLR, +14.33% $70-per-share take-private offer from Harold Hamm for the oil and gas company signals that the company's board is open to other bids. "The offer is not binding and the board plans to evaluate the offer before moving forward, which we expect is an intentional strategy to potentially open the doors to competing bids from large cap public peers," Dingman said.

The shale producer said it has not had an opportunity to carefully review and evaluate the offer.

Continental Resources Inc. shares CLR, -8.50% soared 8% in premarket trade Tuesday, after the company said it has received a "take private" proposal from oil and gas entrepreneur Harold G. Hamm and family at $70 a share in cash.

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We have narrowed our search to five oil stocks that are currently trading near their 52-week highs. These are: MPC, VLO, CTRA, CLR, EPD.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

GOGL, CLR, and BBW made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 2, 2022.

CLR, CPLP, and ONEW made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 31, 2022.

Higher oil price is aiding Continental Resources (CLR), making it a solid bet.