BMO Capital Markets set a $36.00 price target on Continental Resources, Inc. (NYSE:CLR) in a research report sent to investors on Monday. The brokerage currently has a buy rating on the oil and natural gas company’s stock.

CLR has been the topic of several other reports. Credit Suisse Group raised Continental Resources from a neutral rating to an outperform rating and upped their price target for the company from $40.00 to $57.00 in a research report on Friday, May 5th. They noted that the move was a valuation call. ValuEngine lowered Continental Resources from a hold rating to a sell rating in a research report on Friday, June 2nd. BidaskClub raised Continental Resources from a strong sell rating to a sell rating in a research report on Wednesday, August 2nd. Citigroup Inc. dropped their target price on Continental Resources from $60.00 to $40.00 and set a buy rating on the stock in a research report on Friday, July 21st. Finally, Zacks Investment Research raised Continental Resources from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $48.32.

Shares of Continental Resources (NYSE CLR) opened at 33.10 on Monday. Continental Resources has a 52-week low of $29.08 and a 52-week high of $60.30. The firm’s 50-day moving average is $32.78 and its 200 day moving average is $39.10. The stock’s market cap is $12.28 billion.

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A number of hedge funds and other institutional investors have recently made changes to their positions in CLR. FMR LLC boosted its position in shares of Continental Resources by 16.5% in the second quarter. FMR LLC now owns 13,208,383 shares of the oil and natural gas company’s stock valued at $427,027,000 after buying an additional 1,875,103 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Continental Resources by 26.4% in the second quarter. Vanguard Group Inc. now owns 8,149,867 shares of the oil and natural gas company’s stock valued at $263,485,000 after buying an additional 1,703,303 shares in the last quarter. BlackRock Inc. boosted its position in shares of Continental Resources by 4,992.6% in the first quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock valued at $225,346,000 after buying an additional 4,863,974 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Continental Resources by 86.6% in the first quarter. Bank of America Corp DE now owns 3,497,989 shares of the oil and natural gas company’s stock valued at $158,879,000 after buying an additional 1,623,470 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Continental Resources by 14.4% in the second quarter. State Street Corp now owns 3,200,659 shares of the oil and natural gas company’s stock valued at $103,474,000 after buying an additional 403,667 shares in the last quarter. 23.30% of the stock is owned by institutional investors and hedge funds.

About Continental Resources

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.

Analyst Recommendations for Continental Resources (NYSE:CLR)

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