Continental Resources, Inc. (CLR) Lifted to “C” at TheStreet
A number of other analysts have also recently commented on the company. Royal Bank Of Canada reiterated a buy rating and set a $46.00 target price on shares of Continental Resources in a research report on Thursday, July 20th. Stifel Nicolaus set a $59.00 target price on Continental Resources and gave the stock a buy rating in a research report on Friday, August 25th. Scotiabank cut their target price on Continental Resources from $14.00 to $13.50 and set an outperform rating on the stock in a research report on Friday, September 8th. Piper Jaffray Companies reiterated a buy rating and set a $41.00 target price on shares of Continental Resources in a research report on Friday, October 6th. Finally, Barclays PLC lifted their target price on Continental Resources from $37.00 to $42.00 and gave the stock an overweight rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $46.52.
Continental Resources (NYSE:CLR) traded down $0.67 on Friday, hitting $45.25. The stock had a trading volume of 2,100,400 shares, compared to its average volume of 2,875,184. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.94 and a quick ratio of 0.85. Continental Resources has a twelve month low of $29.08 and a twelve month high of $60.30. The firm has a market capitalization of $17,230.00, a PE ratio of 1,148.00 and a beta of 1.40.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/11/21/continental-resources-inc-clr-lifted-to-c-at-thestreet.html.
Large investors have recently made changes to their positions in the company. Toronto Dominion Bank boosted its stake in shares of Continental Resources by 244.1% during the 3rd quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock worth $153,000 after acquiring an additional 2,810 shares in the last quarter. Financial Architects Inc lifted its stake in Continental Resources by 870.0% in the 2nd quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock valued at $157,000 after buying an additional 4,350 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Continental Resources by 35.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock valued at $187,000 after buying an additional 1,261 shares in the last quarter. Sii Investments Inc. WI purchased a new stake in Continental Resources in the 3rd quarter valued at approximately $200,000. Finally, Shell Asset Management Co. lifted its stake in Continental Resources by 17.7% in the 2nd quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock valued at $203,000 after buying an additional 944 shares in the last quarter. 23.13% of the stock is currently 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.
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.