Continental Resources, Inc. (CLR) Price Target Increased to $46.00 by Analysts at Barclays PLC
Continental Resources, Inc. (NYSE:CLR) had its price target upped by Barclays PLC from $42.00 to $46.00 in a research note issued to investors on Monday. Barclays PLC currently has an overweight rating on the oil and natural gas company’s stock.
A number of other analysts have also recently issued reports on CLR. BidaskClub cut shares of Continental Resources from a sell rating to a strong sell rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Continental Resources from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Stifel Nicolaus set a $59.00 target price on shares of Continental Resources and gave the stock a buy rating in a research note on Friday, August 25th. BMO Capital Markets set a $36.00 target price on shares of Continental Resources and gave the stock a buy rating in a research note on Monday, August 28th. Finally, Jefferies Group LLC set a $42.00 target price on shares of Continental Resources and gave the stock a buy rating in a research note on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company. Continental Resources presently has a consensus rating of Buy and a consensus target price of $46.52.
Continental Resources (NYSE CLR) traded down $0.67 during midday trading on Monday, hitting $45.25. 2,100,400 shares of the stock were exchanged, compared to its average volume of 2,875,184. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55. The firm has a market cap of $17,230.00, a PE ratio of 1,148.00 and a beta of 1.40. Continental Resources has a one year low of $29.08 and a one year high of $60.30.
Continental Resources (NYSE:CLR) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The company had revenue of $726.74 million during the quarter, compared to analysts’ expectations of $710.77 million. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. Continental Resources’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.22) EPS. equities analysts anticipate that Continental Resources will post 0.27 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank grew its holdings 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 valued at $153,000 after purchasing an additional 2,810 shares during the last quarter. Financial Architects Inc boosted its position in Continental Resources by 870.0% during the 2nd quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock worth $157,000 after buying an additional 4,350 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in Continental Resources by 35.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock worth $187,000 after buying an additional 1,261 shares during the period. Sii Investments Inc. WI acquired a new stake in Continental Resources during the 3rd quarter worth approximately $200,000. Finally, Shell Asset Management Co. boosted its position in Continental Resources by 17.7% during the 2nd quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock worth $203,000 after buying an additional 944 shares during the period. 23.13% of the stock is currently owned by institutional investors.
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.