Continental Resources, Inc. (NYSE:CLR) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 13,342 put options on the company. This is an increase of approximately 821% compared to the typical volume of 1,449 put options.

Shares of Continental Resources (NYSE:CLR) opened at 33.01 on Friday. The firm’s market cap is $12.25 billion. The firm’s 50-day moving average price is $39.23 and its 200 day moving average price is $45.90. Continental Resources has a one year low of $32.53 and a one year high of $60.30.

Continental Resources (NYSE:CLR) last posted its quarterly earnings data on Wednesday, May 3rd. The oil and natural gas company reported $0.02 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. Continental Resources had a negative return on equity of 3.93% and a negative net margin of 9.08%. The business had revenue of $685.43 million for the quarter, compared to analysts’ expectations of $646.46 million. Analysts predict that Continental Resources will post $0.41 EPS for the current year.

A number of research firms have weighed in on CLR. Scotiabank reaffirmed a “buy” rating and set a $68.00 price target on shares of Continental Resources in a research report on Thursday, February 23rd. Zacks Investment Research downgraded Continental Resources from a “buy” rating to a “hold” rating in a research report on Monday, February 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $61.00 price target on shares of Continental Resources in a research report on Wednesday, April 12th. Deutsche Bank AG reduced their price target on Continental Resources from $64.00 to $58.00 and set a “hold” rating for the company in a research report on Tuesday, March 7th. Finally, Canaccord Genuity set a $61.00 price target on Continental Resources and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $57.00.

In other news, CEO Harold Hamm purchased 36,452 shares of Continental Resources stock in a transaction on Wednesday, May 24th. The stock was purchased at an average price of $42.05 per share, with a total value of $1,532,806.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have acquired 111,435 shares of company stock valued at $4,727,318. Insiders own 76.97% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Continental Resources by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,019 shares of the oil and natural gas company’s stock valued at $637,000 after buying an additional 36 shares in the last quarter. M&T Bank Corp boosted its position 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 in the last quarter. Hanseatic Management Services Inc. boosted its position in Continental Resources by 0.7% in the first quarter. Hanseatic Management Services Inc. now owns 12,047 shares of the oil and natural gas company’s stock valued at $547,000 after buying an additional 87 shares in the last quarter. Comerica Bank boosted its position 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 in the last quarter. Finally, 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 in the last quarter. 23.05% of the stock is currently owned by institutional investors and hedge funds.

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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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