Continental Resources (NYSE:CLR)‘s stock had its “buy” rating restated by analysts at Royal Bank of Canada in a report issued on Wednesday. They presently have a $52.00 target price on the oil and natural gas company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 4.82% from the company’s current price.

Several other research firms have also recently weighed in on CLR. Jefferies Group set a $57.00 price target on Continental Resources and gave the stock a “buy” rating in a report on Wednesday. ValuEngine raised Continental Resources from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Robert W. Baird raised Continental Resources from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $46.00 to $54.00 in a report on Monday. Seaport Global Securities raised Continental Resources from a “sell” rating to a “neutral” rating in a report on Tuesday. Finally, Credit Suisse Group assumed coverage on Continental Resources in a report on Monday, December 11th. They set an “outperform” rating and a $57.00 price target for the company. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.65.

Continental Resources (CLR) traded up $1.26 during trading hours on Wednesday, reaching $49.61. The company had a trading volume of 2,323,100 shares, compared to its average volume of 2,784,334. The firm has a market cap of $18,141.35, a PE ratio of 1,208.75 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 $53.57.

Continental Resources (NYSE:CLR) last released its quarterly 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. The business had revenue of $726.74 million during the quarter, compared to analysts’ expectations of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.22) EPS. equities research analysts predict that Continental Resources will post 0.3 earnings per share for the current fiscal year.

In other Continental Resources news, Director Mark E. Monroe sold 20,000 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 76.87% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank increased its stake in shares of Continental Resources by 244.1% in the 3rd quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after purchasing an additional 2,810 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Continental Resources by 35.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock valued at $187,000 after purchasing an additional 1,261 shares during the last quarter. Sii Investments Inc. WI bought a new position in shares of Continental Resources in the 3rd quarter valued at $200,000. Sei Investments Co. increased its stake in shares of Continental Resources by 131.7% in the 3rd quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock valued at $205,000 after purchasing an additional 3,009 shares during the last quarter. Finally, IndexIQ Advisors LLC bought a new position in shares of Continental Resources in the 2nd quarter valued at $210,000. Institutional investors own 22.54% 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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