Continental Resources, Inc. (NYSE:CLR) had its price target lifted by stock analysts at BMO Capital Markets from $8.00 to $11.00 in a report released on Monday. BMO Capital Markets’ price target suggests a potential downside of 76.00% from the stock’s previous close.

Several other analysts also recently issued reports on CLR. Bank of America Corporation boosted their target price on shares of Continental Resources from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. BidaskClub raised shares of Continental Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Morgan Stanley boosted their target price on shares of Continental Resources from $51.00 to $56.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. Imperial Capital raised shares of Continental Resources from an “in-line” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Thursday, November 9th. Finally, Royal Bank Of Canada boosted their target price on shares of Continental Resources from $48.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $46.27.

Shares of Continental Resources (CLR) opened at $45.83 on Monday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.85 and a current ratio of 0.94. Continental Resources has a one year low of $29.08 and a one year high of $60.30. The stock has a market cap of $17,518.50, a price-to-earnings ratio of 1,167.25 and a beta of 1.40.

Continental Resources (NYSE:CLR) last announced its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. The company had revenue of $726.74 million for the quarter, compared to the consensus estimate of $710.77 million. During the same period in the previous year, the business earned ($0.22) EPS. The company’s revenue was up 38.1% on a year-over-year basis. equities research analysts anticipate that Continental Resources will post 0.23 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Continental Resources, Inc. (CLR) Given New $11.00 Price Target at BMO Capital Markets” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.thecerbatgem.com/2017/11/13/continental-resources-inc-clr-price-target-raised-to-11-00-at-bmo-capital-markets.html.

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Continental Resources by 16.5% during 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 acquiring an additional 1,875,103 shares during the period. Vanguard Group Inc. boosted its holdings in Continental Resources by 26.4% during 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 acquiring an additional 1,703,303 shares during the period. State Street Corp boosted its holdings in Continental Resources by 14.4% during 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 acquiring an additional 403,667 shares during the period. Renaissance Technologies LLC boosted its holdings in Continental Resources by 474.8% during the second quarter. Renaissance Technologies LLC now owns 2,892,600 shares of the oil and natural gas company’s stock valued at $93,518,000 after acquiring an additional 2,389,400 shares during the period. Finally, Balyasny Asset Management LLC boosted its holdings in Continental Resources by 208.2% during the second quarter. Balyasny Asset Management LLC now owns 2,384,953 shares of the oil and natural gas company’s stock valued at $77,106,000 after acquiring an additional 1,611,003 shares during the period. Institutional investors own 23.27% 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)

Receive News & Stock Ratings for Continental Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Resources Inc. and related stocks with our FREE daily email newsletter.