ValuEngine upgraded shares of Continental Resources (NYSE:CLR) from a sell rating to a hold rating in a report published on Friday.

CLR has been the topic of several other reports. Zacks Investment Research lowered Continental Resources from a buy rating to a hold rating in a research report on Monday, November 13th. KeyCorp reissued a hold rating on shares of Continental Resources in a research report on Monday, November 13th. Royal Bank Of Canada upped their price target on Continental Resources from $48.00 to $51.00 and gave the company an outperform rating in a research report on Thursday, November 9th. Piper Jaffray Companies reissued a buy rating and set a $41.00 price target on shares of Continental Resources in a research report on Friday, October 6th. Finally, Bank of America upped their target price on Continental Resources from $46.00 to $53.00 and gave the stock a buy rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $46.69.

Continental Resources (NYSE:CLR) traded up $1.14 during trading hours on Friday, reaching $48.47. The company had a trading volume of 2,267,100 shares, compared to its average volume of 2,837,212. The firm has a market capitalization of $18,186.38, a price-to-earnings ratio of 1,211.75 and a beta of 1.44. Continental Resources has a 52-week low of $29.08 and a 52-week high of $58.50. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.55.

Continental Resources (NYSE:CLR) last posted its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.05. The firm had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. Continental Resources’s quarterly revenue was up 38.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.22) earnings per share. sell-side analysts anticipate that Continental Resources will post 0.29 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC boosted its stake in shares of Continental Resources by 1.5% during the 2nd quarter. ProShare Advisors LLC now owns 8,180 shares of the oil and natural gas company’s stock worth $264,000 after acquiring an additional 118 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Continental Resources by 1.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,873 shares of the oil and natural gas company’s stock worth $255,000 after acquiring an additional 146 shares in the last quarter. Utah Retirement Systems boosted its stake in shares of Continental Resources by 1.3% during the 2nd quarter. Utah Retirement Systems now owns 16,004 shares of the oil and natural gas company’s stock worth $517,000 after acquiring an additional 200 shares in the last quarter. Aviva PLC boosted its stake in shares of Continental Resources by 0.5% during the 2nd quarter. Aviva PLC now owns 56,252 shares of the oil and natural gas company’s stock worth $1,819,000 after acquiring an additional 300 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Continental Resources by 1.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 39,941 shares of the oil and natural gas company’s stock worth $1,277,000 after acquiring an additional 647 shares in the last quarter. Institutional investors own 22.59% of the company’s stock.

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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.

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Analyst Recommendations for Continental Resources (NYSE:CLR)

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