Continental Resources (NYSE:CLR) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

CLR has been the topic of a number of other reports. Barclays reaffirmed an “overweight” rating and issued a $58.00 target price (up from $53.00) on shares of Continental Resources in a research note on Thursday, January 11th. Credit Suisse Group assumed coverage on shares of Continental Resources in a research note on Monday, December 11th. They issued an “outperform” rating and a $57.00 target price on the stock. 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 research note on Thursday, December 14th. B. Riley set a $70.00 target price on shares of Continental Resources and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, KLR Group downgraded shares of Continental Resources from a “buy” rating to a “hold” rating and set a $61.00 target price on the stock. in a research note on Tuesday, January 23rd. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Continental Resources has a consensus rating of “Buy” and a consensus target price of $56.98.

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Shares of Continental Resources stock opened at $57.71 on Thursday. The firm has a market cap of $19,560.01, a P/E ratio of 27.35 and a beta of 1.45. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.87. Continental Resources has a one year low of $29.08 and a one year high of $58.89.

Continental Resources (NYSE:CLR) last announced its earnings results on Wednesday, February 21st. The oil and natural gas company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.09. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $978.63 million. Continental Resources had a net margin of 25.30% and a return on equity of 4.25%. Continental Resources’s quarterly revenue was up 90.5% on a year-over-year basis. During the same period last year, the firm posted ($0.07) earnings per share. equities analysts anticipate that Continental Resources will post 2.37 EPS for the current fiscal year.

In other news, SVP Gary E. Gould sold 9,874 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $50.85, for a total value of $502,092.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Harold Hamm bought 31,995 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was purchased at an average price of $48.74 per share, for a total transaction of $1,559,436.30. The disclosure for this purchase can be found here. Insiders bought 156,909 shares of company stock worth $7,846,156 in the last 90 days. Company insiders own 76.87% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in shares of Continental Resources by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 13,385 shares of the oil and natural gas company’s stock worth $433,000 after purchasing an additional 920 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Continental Resources by 12.8% in the fourth quarter. Amalgamated Bank now owns 9,189 shares of the oil and natural gas company’s stock worth $487,000 after purchasing an additional 1,041 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Continental Resources by 15.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 9,089 shares of the oil and natural gas company’s stock worth $351,000 after purchasing an additional 1,216 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of 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 worth $187,000 after purchasing an additional 1,261 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Continental Resources by 6.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,924 shares of the oil and natural gas company’s stock valued at $885,000 after acquiring an additional 1,383 shares in the last quarter. Hedge funds and other institutional investors own 22.42% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Continental Resources (NYSE:CLR)

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