Susquehanna Bancshares reissued their neutral rating on shares of Continental Resources (NYSE:CLR) in a report issued on Wednesday morning, Marketbeat.com reports. The brokerage currently has a $61.00 target price on the oil and natural gas company’s stock.

A number of other analysts have also recently commented on CLR. BMO Capital Markets upped their price objective on Continental Resources from $8.00 to $11.00 in a research report on Monday, November 13th. Zacks Investment Research upgraded Continental Resources from a hold rating to a buy rating and set a $49.00 price objective for the company in a research report on Wednesday, November 8th. Bank of America upped their price objective on Continental Resources from $46.00 to $53.00 and gave the company a buy rating in a research report on Wednesday, November 8th. Jefferies Group reiterated a buy rating and set a $47.00 price objective on shares of Continental Resources in a research report on Thursday, October 12th. Finally, Piper Jaffray Companies reiterated a buy rating and set a $41.00 price objective on shares of Continental Resources in a research report on Friday, October 6th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Continental Resources presently has an average rating of Buy and a consensus target price of $50.54.

Shares of Continental Resources (NYSE CLR) traded down $0.48 during trading hours on Wednesday, hitting $55.17. The stock had a trading volume of 1,811,335 shares, compared to its average volume of 1,860,000. The company has a market capitalization of $20,700.00, a P/E ratio of -788.14 and a beta of 1.44. 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 1 year low of $29.08 and a 1 year high of $58.89.

Continental Resources (NYSE:CLR) last announced its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The firm had revenue of $726.74 million for the quarter, compared to the consensus estimate of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The company’s quarterly revenue was up 38.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.22) earnings per share. sell-side analysts expect that Continental Resources will post 0.34 EPS for the current year.

In other Continental Resources news, SVP Gary E. Gould sold 9,874 shares of the company’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $50.85, for a total value of $502,092.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John D. Hart sold 6,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $51.23, for a total value of $307,380.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,874 shares of company stock valued at $2,603,673. Company insiders own 76.87% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new stake in Continental Resources in the fourth quarter worth about $317,000. Schwab Charles Investment Management Inc. increased its position in Continental Resources by 15.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 276,253 shares of the oil and natural gas company’s stock worth $14,634,000 after buying an additional 36,983 shares in the last quarter. Creative Planning increased its position in Continental Resources by 36.4% in the fourth quarter. Creative Planning now owns 16,714 shares of the oil and natural gas company’s stock worth $885,000 after buying an additional 4,460 shares in the last quarter. Bank of Montreal Can increased its position in Continental Resources by 95.0% in the fourth quarter. Bank of Montreal Can now owns 148,574 shares of the oil and natural gas company’s stock worth $7,869,000 after buying an additional 72,391 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Continental Resources by 13.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 67,386 shares of the oil and natural gas company’s stock worth $3,569,000 after purchasing an additional 8,186 shares in the last quarter. Institutional investors and hedge funds own 22.55% of the company’s stock.

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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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