Jefferies Group set a $43.00 price target on Continental Resources Inc. (NYSE:CLR) in a report published on Tuesday. The firm currently has a a sell rating on the stock.

A number of other research analysts have also recently weighed in on CLR. Canaccord Genuity raised their price objective on shares of Continental Resources to $50.00 and gave the stock a buy rating in a research note on Monday, June 20th. Scotiabank lifted their target price on shares of Continental Resources from $15.00 to $17.00 and gave the stock an outperform rating in a research note on Wednesday, June 22nd. KLR Group cut shares of Continental Resources from a buy rating to an accumulate rating and lifted their target price for the stock from $48.00 to $54.00 in a research note on Monday, July 18th. Zacks Investment Research raised shares of Continental Resources from a hold rating to a buy rating and set a $52.00 target price for the company in a research note on Monday, July 18th. Finally, SunTrust Banks Inc. raised shares of Continental Resources from a neutral rating to a buy rating and set a $60.00 target price for the company in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $46.62.

Continental Resources (NYSE:CLR) traded up 3.7477% on Tuesday, reaching $53.4923. The company’s stock had a trading volume of 1,720,636 shares. The firm has a 50 day moving average price of $49.75 and a 200 day moving average price of $43.84. Continental Resources has a 52 week low of $13.94 and a 52 week high of $55.07. The stock’s market capitalization is $19.82 billion.

Continental Resources (NYSE:CLR) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.01. Continental Resources had a negative return on equity of 7.57% and a negative net margin of 24.96%. The business had revenue of $525.70 million for the quarter, compared to analysts’ expectations of $518.42 million. During the same period last year, the business earned $0.13 earnings per share. The company’s revenue for the quarter was down 33.5% on a year-over-year basis. On average, equities analysts anticipate that Continental Resources will post ($0.80) EPS for the current year.

In other Continental Resources news, CFO John D. Hart sold 4,000 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $46.84, for a total transaction of $187,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Gary E. Gould sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $50.25, for a total transaction of $251,250.00. The disclosure for this sale can be found here. Company insiders own 76.97% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CLR. Allen Investment Management LLC raised its position in Continental Resources by 17.1% in the first quarter. Allen Investment Management LLC now owns 22,521 shares of the company’s stock worth $684,000 after buying an additional 3,281 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in Continental Resources by 90.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,575,000 shares of the company’s stock worth $47,817,000 after buying an additional 750,000 shares during the last quarter. Geode Capital Management LLC raised its position in Continental Resources by 3.0% in the first quarter. Geode Capital Management LLC now owns 491,417 shares of the company’s stock worth $14,908,000 after buying an additional 14,238 shares during the last quarter. BP Capital Fund Advisors LLC raised its position in Continental Resources by 23.0% in the first quarter. BP Capital Fund Advisors LLC now owns 186,022 shares of the company’s stock worth $5,648,000 after buying an additional 34,727 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Continental Resources by 15.5% in the first quarter. UBS Asset Management Americas Inc. now owns 229,463 shares of the company’s stock worth $6,967,000 after buying an additional 30,742 shares during the last quarter. 23.36% of the stock is owned by hedge funds and other institutional investors.

Continental Resources Company Profile

Continental Resources, Inc is an independent crude oil and natural gas exploration and production company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units.

5 Day Chart for NYSE:CLR

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