Seaport Global Securities upgraded shares of Continental Resources (NYSE:CLR) from a sell rating to a neutral rating in a research note released on Tuesday morning.

Several other brokerages have also weighed in on CLR. Barclays increased 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. Morgan Stanley increased their target price on Continental Resources from $51.00 to $56.00 and gave the stock an overweight rating in a research report on Wednesday, November 8th. Stifel Nicolaus set a $68.00 target price on Continental Resources and gave the stock a buy rating in a research report on Thursday, October 5th. Scotiabank dropped their target price on Continental Resources from $12.50 to $11.50 and set an outperform rating on the stock in a research report on Friday, November 10th. Finally, ValuEngine raised Continental Resources from a sell rating to a hold rating in a research report on Friday, December 1st. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Continental Resources has an average rating of Buy and a consensus target price of $47.19.

Shares of Continental Resources (NYSE CLR) opened at $48.35 on Tuesday. Continental Resources has a 52-week low of $29.08 and a 52-week high of $53.57. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $18,137.60, a price-to-earnings ratio of 1,208.50 and a beta of 1.44.

Continental Resources (NYSE:CLR) last issued its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.05. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The firm had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. During the same period last year, the company earned ($0.22) earnings per share. The firm’s revenue for the quarter was up 38.1% on a year-over-year basis. equities analysts anticipate that Continental Resources will post 0.3 EPS for the current fiscal year.

In other news, Director Mark E. Monroe sold 20,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $47.90, for a total transaction of $958,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 76.87% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its stake in Continental Resources by 11.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 222,557 shares of the oil and natural gas company’s stock worth $7,196,000 after acquiring an additional 22,383 shares in the last quarter. First Trust Advisors LP lifted its stake in Continental Resources by 21.5% in the 2nd quarter. First Trust Advisors LP now owns 267,225 shares of the oil and natural gas company’s stock worth $8,639,000 after acquiring an additional 47,359 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Continental Resources by 12.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 8,269 shares of the oil and natural gas company’s stock worth $278,000 after acquiring an additional 902 shares in the last quarter. State of Wisconsin Investment Board purchased a new stake in Continental Resources in the 2nd quarter worth about $780,000. Finally, SG Americas Securities LLC lifted its stake in Continental Resources by 9.5% in the 2nd quarter. SG Americas Securities LLC now owns 8,057 shares of the oil and natural gas company’s stock worth $260,000 after acquiring an additional 696 shares in the last quarter. 22.54% of the stock is owned by institutional investors and hedge funds.

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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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