continental resources inc shares hit their 52week high of 7549 after the company got a nonbinding proposal from harold hamm and other hamm family members who collectively hold 83 of the company to buy the remainder for 70 a share in cash the stock was up 15 to 7384 at 1045 am et it pushed higher than the bid after other factions saw what could be a bidding war for the oil and gas producer truist analyst neal dingmann said a sale could happen around a price target of 95 a share smead capital management which owns 199 of continental shares said the stock is undervalued and 100 could be the minimum offer analysts at barclays raised their price target for the stock to 77 a share from 67 a share after the bid was reported but maintained its rating at underweight the offer represents an 9 premium over continentals closing price monday and a premium of 11 to its volume weighted average price during the last 30 trading days through monday