Jefferies Group LLC set a $42.00 price objective on Continental Resources, Inc. (NYSE:CLR) in a research note released on Tuesday. The firm currently has a buy rating on the oil and natural gas company’s stock.

A number of other analysts also recently commented on CLR. Royal Bank Of Canada restated a buy rating and set a $46.00 price objective on shares of Continental Resources in a report on Thursday, July 20th. Stifel Nicolaus reaffirmed a buy rating and set a $62.00 price target on shares of Continental Resources in a research report on Friday, May 26th. Credit Suisse Group raised shares of Continental Resources from a neutral rating to an outperform rating and upped their price objective for the company from $40.00 to $57.00 in a research report on Friday, May 5th. They noted that the move was a valuation call. Barclays PLC reissued a buy rating and issued a $54.00 price objective on shares of Continental Resources in a research report on Sunday, May 7th. Finally, Zacks Investment Research cut shares of Continental Resources from a hold rating to a sell rating in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Continental Resources currently has an average rating of Buy and an average price target of $48.32.

Continental Resources (NYSE:CLR) opened at 33.01 on Tuesday. The stock has a 50 day moving average price of $32.78 and a 200-day moving average price of $39.10. The stock’s market cap is $12.25 billion. Continental Resources has a one year low of $29.08 and a one year high of $60.30.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLR. Mn Services Vermogensbeheer B.V. boosted its position in Continental Resources by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,430 shares of the oil and natural gas company’s stock valued at $103,000 after buying an additional 119 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of Continental Resources by 5.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,031 shares of the oil and natural gas company’s stock worth $138,000 after buying an additional 150 shares in the last quarter. Financial Architects Inc raised its stake in shares of Continental Resources by 870.0% in the second quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock worth $157,000 after buying an additional 4,350 shares in the last quarter. Heritage Trust Co acquired a new stake in shares of Continental Resources during the first quarter worth approximately $200,000. Finally, Shell Asset Management Co. raised its stake in shares of Continental Resources by 17.7% in the second quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock worth $203,000 after buying an additional 944 shares in the last quarter. Institutional investors own 23.30% of the company’s stock.

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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