Brokerage Consensus Update: Continental Resources, Inc. (NYSE:CLR), Diamondback Energy, Inc. (NASDAQ:FANG)

Brokerage Consensus Update: Continental Resources, Inc. (NYSE:CLR), Diamondback Energy, Inc. (NASDAQ:FANG)

In the most recent session, Continental Resources, Inc. (NYSE:CLR) shares have traded -5.74%. Following the stock price relative to moving averages may offer enhanced perspective on stock performance. After a recent review, the stock has been noted $-0.28 away from the 50-day moving average of $47.09 and $6.87 away from the 200-day moving average of $39.94. From a different angle, the stock has been recently recorded -9.96% off of the 52-week high of 51.99 and +235.80% removed from the 52-week low of 13.94. 

Currently, Continental Resources, Inc. Com has a price to earnings ratio of N/A. Analysts and investors may also opt to evaluate a company's PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. If a company has a PEG Ratio below one, it may be viewed as undervalued. If a company has a PEG Ratio above one, it may show that the company is overvalued. A PEG Ratio near one may be viewed as fair value. The stock currently has a PEG Ratio of 0.91.

Price Target Update

Analysts polled by Thomson Reuters have set a consensus target price of $52.81 on shares. Target prices may vary from one analyst to another due to the various ways they may proceed to calculate future price targets. This is a near-term estimation for the next 12-18 months.

In the most recent session, Diamondback Energy, Inc. (NASDAQ:FANG) shares have traded -4.95%. Following the stock price relative to moving averages may offer enhanced perspective on stock performance. After a recent review, the stock has been noted $-2.79 away from the 50-day moving average of $93.69 and $3.97 away from the 200-day moving average of $86.93. From a different angle, the stock has been recently recorded -8.82% off of the 52-week high of 99.69 and +63.84% removed from the 52-week low of 55.48. 

Currently, Diamondback Energy, Inc. has a price to earnings ratio of N/A. Analysts and investors may also opt to evaluate a company's PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. If a company has a PEG Ratio below one, it may be viewed as undervalued. If a company has a PEG Ratio above one, it may show that the company is overvalued. A PEG Ratio near one may be viewed as fair value. The stock currently has a PEG Ratio of 3.30.

Price Target Update

Analysts polled by Thomson Reuters have set a consensus target price of $106.86 on shares. Target prices may vary from one analyst to another due to the various ways they may proceed to calculate future price targets. This is a near-term estimation for the next 12-18 months.

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