Continental Resources (NYSE:CLR) Stock More Than Doubled This year: More To Come?
Those who might be on the lookout for stocks which have recorded considerable gains this year could do well to take a look at the Continental Resources Inc (NYSE:CLR) stock. It has been a strong mover this year so far and has managed to clock gains of 120%.
Although there has been no recent news about the company, investors could take a quick look at some of the developments this year in order to get an idea about Continental Resources. Last month the company announced that its Senior Vice President, General Counsel, Chief Risk Officer and Secretary, Eric S. Eissenstat quit the company in order to return to private practice.
However, it should be noted that the company also announced that Eissenstat is going to continue to provide his legal services to Continental Resources.
More recently, the stock was also got a bullish projection from the analysts over at Truist Securities. On July 1 it emerged that the analyst sent over a research report to investors and clients, in which the target price for the Continental Resources stock was raised to $46 a share from $36 a share. At the time, the target price represented an upside of 15.20% from the existing stock price.
Another big gainer of 2021 is Allied Energy (OTCMKTS:AGYP). The stock has soared 1100% so far in 2021 and picked up further momentum over the past couple of weeks. After four months of consolidation, AGYP stock has gained over 130% since mid-June and now trading 15% away from its 52-week high of $0.71. . A recent string of Twitter updates show Allied Energy is making impressive progress at their Green and Gilmer leases located in Texas. AGYP stock is trading above 50-day and 200-day moving average, signalling a solid breakout. So there could be another new breakout once the stock crosses a new high. Keep an eye on AGYP stock.
