Barclays PLC reiterated their buy rating on shares of Continental Resources, Inc. (NYSE:CLR) in a report published on Thursday. They currently have a $53.00 target price on the oil and natural gas company’s stock.

A number of other analysts also recently issued reports on CLR. Canaccord Genuity set a $61.00 target price on Continental Resources and gave the company a buy rating in a research report on Saturday, February 11th. Instinet reaffirmed a positive rating on shares of Continental Resources in a research report on Monday, January 30th. Deutsche Bank AG lowered their target price on Continental Resources from $64.00 to $58.00 and set a hold rating on the stock in a research report on Tuesday, March 7th. Scotiabank reissued a buy rating and set a $68.00 price target on shares of Continental Resources in a research report on Thursday, February 23rd. Finally, Stifel Nicolaus reissued a buy rating and set a $61.00 price target on shares of Continental Resources in a research report on Wednesday, April 12th. Nine equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Continental Resources currently has a consensus rating of Buy and a consensus price target of $52.80.

Analyst Recommendations for Continental Resources (NYSE:CLR)

Continental Resources (NYSE:CLR) traded down 0.02% on Thursday, reaching $43.23. The company had a trading volume of 2,617,358 shares. Continental Resources has a 12 month low of $34.43 and a 12 month high of $60.30. The stock’s market capitalization is $16.02 billion. The firm has a 50 day moving average price of $44.68 and a 200-day moving average price of $49.05.



Continental Resources (NYSE:CLR) last released its earnings results on Wednesday, February 22nd. The oil and natural gas company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. The business had revenue of $549.70 million for the quarter, compared to the consensus estimate of $583.45 million. Continental Resources had a negative return on equity of 8.69% and a negative net margin of 28.27%. Continental Resources’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.38) earnings per share. Analysts forecast that Continental Resources will post $0.53 earnings per share for the current fiscal year.

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In related news, CFO John D. Hart sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $45.50, for a total value of $273,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Harold Hamm purchased 41,998 shares of the business’s stock in a transaction that occurred on Friday, March 24th. The stock was bought at an average price of $42.37 per share, with a total value of $1,779,455.26. The disclosure for this purchase can be found here. Insiders own 76.97% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Windward Capital Management Co. CA boosted its stake in shares of Continental Resources by 2.7% in the first quarter. Windward Capital Management Co. CA now owns 164,293 shares of the oil and natural gas company’s stock valued at $7,462,000 after buying an additional 4,286 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in shares of Continental Resources during the first quarter valued at about $282,000. Capital Impact Advisors LLC boosted its stake in shares of Continental Resources by 45.2% in the first quarter. Capital Impact Advisors LLC now owns 21,539 shares of the oil and natural gas company’s stock valued at $978,000 after buying an additional 6,705 shares during the period. Gateway Investment Advisers LLC boosted its stake in shares of Continental Resources by 17.3% in the first quarter. Gateway Investment Advisers LLC now owns 287,039 shares of the oil and natural gas company’s stock valued at $13,037,000 after buying an additional 42,351 shares during the period. Finally, CWM LLC boosted its stake in shares of Continental Resources by 5.0% in the first quarter. CWM LLC now owns 71,515 shares of the oil and natural gas company’s stock valued at $3,248,000 after buying an additional 3,408 shares during the period. Institutional investors and hedge funds own 23.17% of the company’s stock.

Continental Resources Company Profile

Continental Resources, Inc is a crude oil and natural gas 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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