Macquarie upgraded shares of Continental Resources (NYSE:CLR) from a neutral rating to an outperform rating in a research note issued to investors on Thursday, MarketBeat reports. They currently have $55.00 price target on the oil and natural gas company’s stock, up from their prior price target of $53.57.

CLR has been the topic of several other research reports. Credit Suisse Group started coverage on shares of Continental Resources in a report on Monday, December 11th. They issued an outperform rating and a $57.00 price target on the stock. Imperial Capital upgraded shares of Continental Resources from an in-line rating to an outperform rating and set a $60.00 price target on the stock in a report on Thursday, November 9th. Robert W. Baird set a $40.00 price target on shares of Continental Resources and gave the company a hold rating in a report on Thursday, October 12th. Jefferies Group set a $42.00 price target on shares of Continental Resources and gave the company a buy rating in a report on Tuesday, August 29th. Finally, BMO Capital Markets reiterated a buy rating on shares of Continental Resources in a report on Sunday, November 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $46.60.

Continental Resources (NYSE CLR) opened at $47.20 on Thursday. 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 has a one year low of $29.08 and a one year high of $53.57. The company has a market cap of $17,709.87, a price-to-earnings ratio of 1,180.00 and a beta of 1.44.

Continental Resources (NYSE:CLR) last issued its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 EPS 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 company had revenue of $726.74 million for the quarter, compared to the consensus estimate of $710.77 million. During the same period in the previous year, the firm earned ($0.22) earnings per share. The firm’s revenue for the quarter was up 38.1% on a year-over-year basis. analysts anticipate that Continental Resources will post 0.3 EPS for the current year.

In other news, Director Mark E. Monroe sold 20,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $47.90, for a total transaction of $958,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 76.87% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CLR. FMR LLC raised its position in Continental Resources by 16.5% in the 2nd quarter. FMR LLC now owns 13,208,383 shares of the oil and natural gas company’s stock worth $427,027,000 after buying an additional 1,875,103 shares during the last quarter. Vanguard Group Inc. raised its position in Continental Resources by 26.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,149,867 shares of the oil and natural gas company’s stock worth $263,485,000 after buying an additional 1,703,303 shares during the last quarter. State Street Corp raised its position in Continental Resources by 14.4% in the 2nd quarter. State Street Corp now owns 3,200,659 shares of the oil and natural gas company’s stock worth $103,474,000 after buying an additional 403,667 shares during the last quarter. Renaissance Technologies LLC raised its position in Continental Resources by 474.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,892,600 shares of the oil and natural gas company’s stock worth $93,518,000 after buying an additional 2,389,400 shares during the last quarter. Finally, Balyasny Asset Management LLC raised its position in Continental Resources by 208.2% in the 2nd quarter. Balyasny Asset Management LLC now owns 2,384,953 shares of the oil and natural gas company’s stock worth $77,106,000 after buying an additional 1,611,003 shares during the last quarter. Institutional investors own 22.59% 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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