Robert W. Baird set a $40.00 target price on Continental Resources, Inc. (NYSE:CLR) in a research note issued to investors on Thursday morning. The brokerage currently has a hold rating on the oil and natural gas company’s stock.

A number of other analysts have also weighed in on CLR. BidaskClub raised shares of Continental Resources from a strong sell rating to a sell rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed a buy rating and issued a $41.00 price objective on shares of Continental Resources in a research note on Friday, October 6th. Barclays PLC upped their price objective on shares of Continental Resources from $37.00 to $42.00 and gave the stock an overweight rating in a research note on Wednesday, October 11th. Jefferies Group LLC reaffirmed a buy rating and issued a $47.00 price objective on shares of Continental Resources in a research note on Thursday. Finally, BMO Capital Markets lowered their price objective on shares of Continental Resources from $45.00 to $36.00 and set an outperform rating for the company in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $46.30.

Shares of Continental Resources (NYSE:CLR) opened at 37.20 on Thursday. The stock’s market capitalization is $13.81 billion. The stock has a 50 day moving average of $36.44 and a 200 day moving average of $36.93. Continental Resources has a 52-week low of $29.08 and a 52-week high of $60.30.

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Institutional investors and hedge funds have recently bought and sold shares of the company. M&T Bank Corp increased its holdings in Continental Resources by 1.4% in the 1st quarter. M&T Bank Corp now owns 6,125 shares of the oil and natural gas company’s stock worth $278,000 after buying an additional 85 shares during the period. Comerica Bank increased its holdings in Continental Resources by 0.7% in the 1st quarter. Comerica Bank now owns 15,941 shares of the oil and natural gas company’s stock worth $677,000 after buying an additional 110 shares during the period. ProShare Advisors LLC increased its holdings in Continental Resources by 1.5% in the 2nd quarter. ProShare Advisors LLC now owns 8,180 shares of the oil and natural gas company’s stock worth $264,000 after buying an additional 118 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Continental Resources by 1.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,873 shares of the oil and natural gas company’s stock worth $255,000 after buying an additional 146 shares during the period. Finally, Utah Retirement Systems increased its holdings in Continental Resources by 1.3% in the 2nd quarter. Utah Retirement Systems now owns 16,004 shares of the oil and natural gas company’s stock worth $517,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 23.38% 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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