Continental Resources, Inc. (NYSE:CLR) had its target price hoisted by Bank of America Corporation from $46.00 to $53.00 in a research note issued to investors on Wednesday morning. Bank of America Corporation currently has a buy rating on the oil and natural gas company’s stock.

A number of other research firms also recently weighed in on CLR. Barclays PLC raised their price target on shares of Continental Resources from $37.00 to $42.00 and gave the company an overweight rating in a research note on Wednesday, October 11th. Morgan Stanley raised their price target on shares of Continental Resources from $51.00 to $56.00 and gave the company an overweight rating in a research note on Wednesday. BidaskClub upgraded shares of Continental Resources from a sell rating to a hold rating in a research note on Saturday, August 12th. Stifel Nicolaus set a $68.00 price target on shares of Continental Resources and gave the company a buy rating in a research note on Thursday, October 5th. Finally, Citigroup Inc. reduced their price target 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company. Continental Resources has a consensus rating of Buy and a consensus target price of $47.31.

Continental Resources (NYSE:CLR) traded up $0.37 during mid-day trading on Wednesday, reaching $46.69. 2,854,600 shares of the company’s stock traded hands, compared to its average volume of 2,665,942. The company has a current ratio of 0.94, a quick ratio of 0.76 and a debt-to-equity ratio of 1.55. Continental Resources has a 52-week low of $29.08 and a 52-week high of $60.30. The company has a market cap of $17,518.51, a price-to-earnings ratio of 1,167.25 and a beta of 1.40.

Continental Resources (NYSE:CLR) last released its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 EPS for the quarter, beating 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 firm had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. During the same period last year, the firm earned ($0.22) EPS. The business’s quarterly revenue was up 38.1% compared to the same quarter last year. equities research analysts forecast that Continental Resources will post 0.23 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in CLR. Ameriprise Financial Inc. increased its stake in shares of Continental Resources by 1.4% in the 1st quarter. Ameriprise Financial Inc. now owns 39,294 shares of the oil and natural gas company’s stock valued at $1,785,000 after acquiring an additional 533 shares in the last quarter. BlackRock Inc. increased its stake in shares of Continental Resources by 4,992.6% in the 1st quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock valued at $225,346,000 after acquiring an additional 4,863,974 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Continental Resources by 10.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 200,174 shares of the oil and natural gas company’s stock valued at $9,092,000 after acquiring an additional 19,189 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Continental Resources by 16.7% in the 1st quarter. AQR Capital Management LLC now owns 104,992 shares of the oil and natural gas company’s stock valued at $4,769,000 after acquiring an additional 15,040 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Continental Resources by 9.4% in the 1st quarter. HighTower Advisors LLC now owns 9,077 shares of the oil and natural gas company’s stock valued at $415,000 after acquiring an additional 777 shares in the last quarter. Institutional investors own 23.23% 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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