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Oklahoma-based Continental Resources Inc. CLR, +3.63% has the second most upside potential of stocks on the list with a stock price target that is 119% above its current price. Analyst Drew Lipke is expecting the company to benefit from its Project Springboard multiyear oil development program, which should boost free cash flow and return on capital employed.
Lipke is expecting the company to deliver 22% organic oil production growth in 2019, followed by 15% growth in 2020 as it targets Oklahoma’s STACK and SCOOP.
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The analyst has a target price of $88, which compares with the stock’s 2018 close of $40.19.
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https://www.marketwatch.com/story/enova-...2019-01-02
Oklahoma-based Continental Resources Inc. CLR, +3.63% has the second most upside potential of stocks on the list with a stock price target that is 119% above its current price. Analyst Drew Lipke is expecting the company to benefit from its Project Springboard multiyear oil development program, which should boost free cash flow and return on capital employed.
Lipke is expecting the company to deliver 22% organic oil production growth in 2019, followed by 15% growth in 2020 as it targets Oklahoma’s STACK and SCOOP.
...
The analyst has a target price of $88, which compares with the stock’s 2018 close of $40.19.
...
https://www.marketwatch.com/story/enova-...2019-01-02