Stifel Nicolaus set a $68.00 price objective on Continental Resources, Inc. (NYSE:CLR) in a research report sent to investors on Thursday morning. The brokerage currently has a buy rating on the oil and natural gas company’s stock.

A number of other research analysts have also recently weighed in on CLR. Wolfe Research started coverage on Continental Resources in a research report on Thursday, June 15th. They issued an outperform rating and a $45.00 price target for the company. Seaport Global Securities cut Continental Resources from a buy rating to a sell rating and dropped their price target for the company from $57.00 to $20.00 in a research report on Wednesday, June 21st. Scotiabank restated a buy rating and issued a $52.00 price target on shares of Continental Resources in a research report on Friday, June 30th. BidaskClub upgraded Continental Resources from a strong sell rating to a sell rating in a research report on Wednesday, July 5th. Finally, Barclays PLC restated a buy rating and issued a $34.00 price target on shares of Continental Resources in a research report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $45.93.

Shares of Continental Resources (CLR) opened at 36.55 on Thursday. Continental Resources has a 12-month low of $29.08 and a 12-month high of $60.30. The stock’s 50 day moving average is $35.77 and its 200-day moving average is $37.24. The stock’s market cap is $13.56 billion.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Benefit Street Partners LLC acquired a new position in shares of Continental Resources in the 2nd quarter valued at about $9,376,000. Archford Capital Strategies LLC lifted its stake in shares of Continental Resources by 1,910.6% in the 2nd quarter. Archford Capital Strategies LLC now owns 10,395 shares of the oil and natural gas company’s stock valued at $946,000 after purchasing an additional 9,878 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Continental Resources by 65.2% in the 2nd quarter. Sterling Capital Management LLC now owns 7,600 shares of the oil and natural gas company’s stock valued at $246,000 after purchasing an additional 3,000 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Continental Resources by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,385 shares of the oil and natural gas company’s stock valued at $433,000 after purchasing an additional 920 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Continental Resources by 226.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 22,813 shares of the oil and natural gas company’s stock valued at $738,000 after purchasing an additional 15,815 shares in the last quarter. 23.37% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Continental Resources (NYSE:CLR)

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