Continental Resources, Inc. (NYSE:CLR) has received a consensus recommendation of “Hold” from the twenty-six ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $18.03.

Several analysts have recently issued reports on CLR shares. Credit Suisse Group upped their price objective on Continental Resources from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, February 17th. Barclays upped their price objective on Continental Resources from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Thursday, January 14th. Raymond James reaffirmed a “hold” rating on shares of Continental Resources in a report on Monday. Tudor Pickering raised Continental Resources from a “sell” rating to a “hold” rating in a report on Monday, December 7th. Finally, TD Securities reaffirmed a “hold” rating and set a $25.00 price objective on shares of Continental Resources in a report on Thursday, February 18th.

In other Continental Resources news, Director Timothy Garth Taylor acquired 5,917 shares of the business’s stock in a transaction on Monday, December 28th. The shares were bought at an average price of $17.00 per share, with a total value of $100,589.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 79.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Smead Capital Management Inc. grew its position in Continental Resources by 146.9% in the 4th quarter. Smead Capital Management Inc. now owns 3,093,762 shares of the oil and natural gas company’s stock valued at $50,428,000 after acquiring an additional 1,840,965 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Continental Resources by 32.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 47,042 shares of the oil and natural gas company’s stock worth $578,000 after buying an additional 11,644 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Continental Resources by 22.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 217,317 shares of the oil and natural gas company’s stock worth $2,669,000 after buying an additional 39,398 shares during the period. Harbor Investment Advisory LLC lifted its holdings in shares of Continental Resources by 98.6% in the 3rd quarter. Harbor Investment Advisory LLC now owns 2,636 shares of the oil and natural gas company’s stock worth $32,000 after buying an additional 1,309 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of Continental Resources by 1.8% in the 3rd quarter. California State Teachers Retirement System now owns 128,042 shares of the oil and natural gas company’s stock worth $1,572,000 after buying an additional 2,279 shares during the period. 14.81% of the stock is currently owned by institutional investors.

NYSE CLR opened at $23.31 on Thursday. The stock’s 50 day moving average is $20.50 and its 200 day moving average is $16.60. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 0.87. Continental Resources has a 12 month low of $6.90 and a 12 month high of $24.75. The stock has a market cap of $8.51 billion, a PE ratio of -27.10 and a beta of 3.37.

Continental Resources (NYSE:CLR) last posted its quarterly earnings results on Monday, February 15th. The oil and natural gas company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.15). Continental Resources had a negative return on equity of 2.05% and a negative net margin of 10.54%. During the same period in the previous year, the firm earned $0.55 earnings per share. On average, analysts forecast that Continental Resources will post -1.01 EPS for the current fiscal year.

About Continental Resources

Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties primarily 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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