Continental Resources (NYSE:CLR) was upgraded by research analysts at Seaport Global Securities from a “sell” rating to a “neutral” rating in a research note issued to investors on Tuesday.

A number of other equities analysts have also recently commented on the company. BMO Capital Markets increased their target price on Continental Resources from $8.00 to $11.00 in a report on Monday, November 13th. Jefferies Group set a $42.00 price target on Continental Resources and gave the company a “buy” rating in a research report on Tuesday, August 29th. Stifel Nicolaus set a $59.00 price target on Continental Resources and gave the company a “buy” rating in a research report on Friday, August 25th. Piper Jaffray Companies restated a “buy” rating and set a $41.00 price target on shares of Continental Resources in a research report on Friday, October 6th. Finally, SunTrust Banks set a $50.00 price target on Continental Resources and gave the stock a “buy” rating in a research report on Thursday, October 12th. 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 price target of $47.19.

Continental Resources (NYSE CLR) opened at $48.34 on Tuesday. The firm has a market capitalization of $17,709.86, a PE ratio of 1,180.00 and a beta of 1.44. Continental Resources has a fifty-two week low of $29.08 and a fifty-two week 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.

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 analysts’ consensus estimates of $0.04 by $0.05. The company 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%. Continental Resources’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.22) EPS. analysts forecast that Continental Resources will post 0.3 earnings per share for the current fiscal year.

In other news, Director Mark E. Monroe sold 20,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $47.90, for a total value of $958,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 76.87% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of CLR. Toronto Dominion Bank raised its stake in Continental Resources by 244.1% in the third quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after buying an additional 2,810 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Continental Resources by 35.0% in the third 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 buying an additional 1,261 shares in the last quarter. Sii Investments Inc. WI acquired a new stake in Continental Resources in the third quarter valued at $200,000. Sei Investments Co. raised its stake in Continental Resources by 131.7% in the third quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock valued at $205,000 after buying an additional 3,009 shares in the last quarter. Finally, IndexIQ Advisors LLC acquired a new stake in Continental Resources in the second 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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