Continental Resources, Inc. (NYSE:CLR) has been assigned a $36.00 price objective by equities researchers at BMO Capital Markets in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. BMO Capital Markets’ price target indicates a potential upside of 8.93% from the company’s previous close.

CLR has been the topic of a number of other research reports. KLR Group raised their price objective on shares of Continental Resources from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. BidaskClub raised shares of Continental Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. FBR & Co lowered their target price on shares of Continental Resources from $56.00 to $46.00 and set a “mkt perform” rating on the stock in a research note on Monday, May 1st. Barclays PLC set a $37.00 target price on shares of Continental Resources and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Finally, Citigroup Inc. lowered their target price on shares of Continental Resources from $60.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Continental Resources currently has an average rating of “Buy” and a consensus price target of $49.05.

Continental Resources (CLR) opened at 33.05 on Monday. The company’s market capitalization is $12.27 billion. Continental Resources has a 52-week low of $29.08 and a 52-week high of $60.30. The stock’s 50 day moving average is $32.78 and its 200-day moving average is $39.10.

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Several institutional investors have recently made changes to their positions in CLR. BlackRock Inc. increased its position in shares of Continental Resources by 4,992.6% in the first quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock worth $225,346,000 after buying an additional 4,863,974 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Continental Resources by 474.8% in the second 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 in the last quarter. FMR LLC increased its position in shares of Continental Resources by 16.5% in the second 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 in the last quarter. Vanguard Group Inc. increased its position in shares of Continental Resources by 26.4% in the second 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 in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Continental Resources by 86.6% in the first quarter. Bank of America Corp DE now owns 3,497,989 shares of the oil and natural gas company’s stock worth $158,879,000 after buying an additional 1,623,470 shares in the last quarter. 23.30% of the stock is owned by institutional investors and hedge funds.

About Continental Resources

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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