Jefferies Group set a $57.00 price objective on Continental Resources (NYSE:CLR) in a report released on Wednesday morning. The firm currently has a buy rating on the oil and natural gas company’s stock.

Several other equities analysts have also commented on the stock. Seaport Global Securities raised shares of Continental Resources from a sell rating to a neutral rating in a report on Tuesday. Robert W. Baird raised shares of Continental Resources from a neutral rating to an outperform rating and raised their target price for the company from $46.00 to $54.00 in a report on Monday. Macquarie raised shares of Continental Resources from a neutral rating to an outperform rating and raised their target price for the company from $53.57 to $55.00 in a report on Thursday, December 14th. Credit Suisse Group began coverage on shares of Continental Resources in a report on Monday, December 11th. They issued an outperform rating and a $57.00 target price on the stock. Finally, ValuEngine raised shares of Continental Resources from a sell rating to a hold rating in a report on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of $47.60.

Shares of Continental Resources (NYSE:CLR) traded up $1.26 during trading on Wednesday, reaching $49.61. 2,323,100 shares of the company’s stock traded hands, compared to its average volume of 2,784,334. Continental Resources has a twelve month low of $29.08 and a twelve month 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 cap of $18,141.35, a PE ratio of 1,208.75 and a beta of 1.44.

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

In other Continental Resources news, Director Mark E. Monroe sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were 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 can be accessed through this hyperlink. Insiders own 76.87% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tortoise Capital Advisors L.L.C. lifted its position in shares of Continental Resources by 21.2% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 290,797 shares of the oil and natural gas company’s stock worth $11,228,000 after purchasing an additional 50,793 shares during the period. GeoSphere Capital Management lifted its position in shares of Continental Resources by 20.0% in the 3rd quarter. GeoSphere Capital Management now owns 60,000 shares of the oil and natural gas company’s stock worth $2,317,000 after purchasing an additional 10,000 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of Continental Resources in the 3rd quarter worth approximately $304,000. California Public Employees Retirement System lifted its position in shares of Continental Resources by 0.7% in the 3rd quarter. California Public Employees Retirement System now owns 234,268 shares of the oil and natural gas company’s stock worth $9,045,000 after purchasing an additional 1,568 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position 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 worth $187,000 after purchasing an additional 1,261 shares during the period. 22.54% of the stock is currently owned by hedge funds and other institutional investors.

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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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