Continental Resources, Inc. (NYSE:CLR) had its target price upped by research analysts at Morgan Stanley from $43.00 to $51.00 in a research note issued on Wednesday. The firm presently has an “overweight” rating on the oil and natural gas company’s stock. Morgan Stanley’s target price points to a potential upside of 36.69% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. KeyCorp reaffirmed a “hold” rating on shares of Continental Resources in a research note on Thursday, October 12th. SunTrust Banks, Inc. set a $50.00 target price on shares of Continental Resources and gave the stock a “buy” rating in a research note on Thursday, October 12th. Robert W. Baird set a $40.00 target price on shares of Continental Resources and gave the stock a “hold” rating in a research note on Thursday, October 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $47.00 target price on shares of Continental Resources in a research note on Thursday, October 12th. Finally, Barclays PLC lifted their target price on shares of Continental Resources from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.50.

Shares of Continental Resources (NYSE:CLR) opened at 37.31 on Wednesday. The stock’s market capitalization is $13.85 billion. The stock’s 50 day moving average is $36.44 and its 200 day moving average is $36.93. Continental Resources has a 12 month low of $29.08 and a 12 month high of $60.30.

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Institutional investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. raised its position in Continental Resources by 10.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 231,214 shares of the oil and natural gas company’s stock worth $10,502,000 after buying an additional 22,201 shares during the last quarter. Wesbanco Bank Inc. raised its position in Continental Resources by 14.1% during the 2nd quarter. Wesbanco Bank Inc. now owns 132,764 shares of the oil and natural gas company’s stock worth $4,293,000 after buying an additional 16,375 shares during the last quarter. HighTower Advisors LLC raised its position in Continental Resources by 9.4% during the 1st quarter. HighTower Advisors LLC now owns 9,077 shares of the oil and natural gas company’s stock worth $415,000 after buying an additional 777 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Continental Resources during the 1st quarter worth $351,000. Finally, BlackRock Inc. raised its position in Continental Resources by 4,992.6% during the 1st quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock worth $225,346,000 after buying an additional 4,863,974 shares during the last quarter. Institutional investors own 23.38% 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.

Analyst Recommendations for Continental Resources (NYSE:CLR)

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