Continental Resources, Inc. (CLR) Price Target Raised to $42.00 at Barclays PLC
Continental Resources, Inc. (NYSE:CLR) had its price target raised by Barclays PLC from $37.00 to $42.00 in a research report report published on Wednesday, MarketBeat.com reports. The firm currently has an overweight rating on the oil and natural gas company’s stock.
CLR has been the topic of a number of other reports. BidaskClub upgraded shares of Continental Resources from a strong sell rating to a sell rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised Continental Resources from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Citigroup Inc. lowered their price objective on Continental Resources from $60.00 to $40.00 and set a buy rating for the company in a research report on Friday, July 21st. Seaport Global Securities downgraded Continental Resources from a buy rating to a sell rating and lowered their price objective for the stock from $57.00 to $20.00 in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada reissued a buy rating and set a $46.00 price objective on shares of Continental Resources in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Continental Resources presently has an average rating of Hold and a consensus price target of $46.30.
Continental Resources (NYSE:CLR) opened at 37.20 on Wednesday. The firm’s 50-day moving average is $36.44 and its 200 day moving average is $36.99. Continental Resources has a one year low of $29.08 and a one year high of $60.30. The company’s market capitalization is $13.81 billion.
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A number of hedge funds and other institutional investors have recently modified their holdings of the business. M&T Bank Corp lifted its stake in Continental Resources by 1.4% in the first quarter. M&T Bank Corp now owns 6,125 shares of the oil and natural gas company’s stock valued at $278,000 after buying an additional 85 shares during the last quarter. Comerica Bank lifted its stake in Continental Resources by 0.7% in the first quarter. Comerica Bank now owns 15,941 shares of the oil and natural gas company’s stock valued at $677,000 after buying an additional 110 shares during the last quarter. ProShare Advisors LLC lifted its stake in Continental Resources by 1.5% in the second quarter. ProShare Advisors LLC now owns 8,180 shares of the oil and natural gas company’s stock valued at $264,000 after buying an additional 118 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Continental Resources by 1.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,873 shares of the oil and natural gas company’s stock valued at $255,000 after buying an additional 146 shares during the last quarter. Finally, Utah Retirement Systems lifted its stake in Continental Resources by 1.3% in the second quarter. Utah Retirement Systems now owns 16,004 shares of the oil and natural gas company’s stock valued at $517,000 after buying an additional 200 shares during the last quarter. Institutional investors own 23.37% of the company’s stock.
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.
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