Continental Resources (NYSE:CLR)‘s stock had its “hold” rating restated by analysts at DZ Bank in a research note issued to investors on Friday.

CLR has been the subject of a number of other reports. Wells Fargo & Co started coverage on shares of Continental Resources in a report on Wednesday, October 24th. They issued an “outperform” rating and a $78.00 target price for the company. Seaport Global Securities upgraded shares of Continental Resources from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $64.00 to $75.00 in a report on Monday, October 15th. Goldman Sachs Group reiterated a “buy” rating on shares of Continental Resources in a report on Wednesday, October 17th. Morgan Stanley dropped their price target on Continental Resources from $92.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, September 26th. Finally, Scotiabank restated a “buy” rating and set a $78.00 price target on shares of Continental Resources in a research note on Thursday, September 27th. Eleven investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $72.45.

Shares of Continental Resources stock opened at $50.73 on Friday. The stock has a market capitalization of $19.65 billion, a price-to-earnings ratio of 99.47, a PEG ratio of 1.34 and a beta of 1.46. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 1.00. Continental Resources has a one year low of $42.83 and a one year high of $71.95.

Continental Resources (NYSE:CLR) last announced its earnings results on Monday, October 29th. The oil and natural gas company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.08. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.21 billion. Continental Resources had a net margin of 35.43% and a return on equity of 18.48%. The firm’s revenue was up 76.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share. On average, sell-side analysts anticipate that Continental Resources will post 3.25 EPS for the current year.

In related news, SVP Gary E. Gould sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $67.00, for a total value of $335,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 76.83% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CLR. FMR LLC boosted its position in Continental Resources by 16.9% in the second quarter. FMR LLC now owns 14,985,708 shares of the oil and natural gas company’s stock valued at $970,474,000 after buying an additional 2,170,030 shares during the last quarter. Millennium Management LLC boosted its position in Continental Resources by 269.1% in the second quarter. Millennium Management LLC now owns 1,415,575 shares of the oil and natural gas company’s stock valued at $91,673,000 after buying an additional 1,032,069 shares during the last quarter. Voya Investment Management LLC boosted its position in Continental Resources by 2,976.3% in the second quarter. Voya Investment Management LLC now owns 825,169 shares of the oil and natural gas company’s stock valued at $53,438,000 after buying an additional 798,346 shares during the last quarter. BlueMountain Capital Management LLC boosted its position in Continental Resources by 725.8% in the second quarter. BlueMountain Capital Management LLC now owns 704,318 shares of the oil and natural gas company’s stock valued at $45,612,000 after buying an additional 619,027 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Continental Resources by 331.8% in the second quarter. Janus Henderson Group PLC now owns 774,284 shares of the oil and natural gas company’s stock valued at $50,143,000 after buying an additional 594,949 shares during the last quarter. Hedge funds and other institutional investors own 22.43% of the company’s stock.

About Continental Resources

Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.

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Analyst Recommendations for Continental Resources (NYSE:CLR)

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