Stifel Nicolaus Analysts Give Continental Resources, Inc. (CLR) a $59.00 Price Target
Stifel Nicolaus set a $59.00 price objective on Continental Resources, Inc. (NYSE:CLR) in a research report report published on Friday morning. The brokerage currently has a buy rating on the oil and natural gas company’s stock.
A number of other research firms have also commented on CLR. BidaskClub raised shares of Continental Resources from a sell rating to a hold rating in a research note on Saturday, August 12th. Barclays PLC set a $37.00 price objective on shares of Continental Resources and gave the company an overweight rating in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Continental Resources from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Citigroup Inc. reduced their price objective on shares of Continental Resources from $60.00 to $40.00 and set a buy rating for the company in a research note on Friday, July 21st. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $46.00 price objective on shares of Continental Resources in a research note on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $49.05.
Shares of Continental Resources (NYSE:CLR) opened at 33.05 on Friday. The stock’s 50 day moving average is $32.78 and its 200-day moving average is $39.10. The stock’s market cap is $12.27 billion. Continental Resources has a 1-year low of $29.08 and a 1-year high of $60.30.
Large investors have recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. boosted its stake in shares of 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 worth $103,000 after buying an additional 119 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in 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 valued at $138,000 after buying an additional 150 shares in the last quarter. Financial Architects Inc boosted its stake in 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 valued at $157,000 after buying an additional 4,350 shares in the last quarter. Winch Advisory Services LLC acquired a new stake in Continental Resources during the first quarter valued at $191,000. Finally, Heritage Trust Co acquired a new stake in Continental Resources during the first quarter valued at $200,000. 23.30% of the stock is owned by hedge funds and other institutional investors.
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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