Continental Resources, Inc. (NYSE:CLR) has received an average recommendation of “Buy” from the twenty-seven ratings firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $50.32.
A number of analysts recently issued reports on the stock. Royal Bank Of Canada restated a “buy” rating and set a $46.00 price objective on shares of Continental Resources in a report on Thursday, July 20th. Credit Suisse Group upgraded shares of Continental Resources from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $57.00 in a report on Friday, May 5th. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating and set a $62.00 price objective on shares of Continental Resources in a report on Friday, May 26th. Barclays PLC restated a “buy” rating and set a $54.00 price objective on shares of Continental Resources in a report on Sunday, May 7th. Finally, Zacks Investment Research downgraded shares of Continental Resources from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th.
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In related news, CEO Harold Hamm bought 36,452 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was acquired at an average cost of $42.05 per share, for a total transaction of $1,532,806.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 76.97% of the company’s stock.
Large investors have recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. raised 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. raised its stake in shares of 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 worth $138,000 after buying an additional 150 shares during the last quarter. Winch Advisory Services LLC acquired a new stake in shares of Continental Resources during the first quarter worth $191,000. Heritage Trust Co acquired a new stake in shares of Continental Resources during the first quarter worth $200,000. Finally, KBC Group NV raised its stake in shares of Continental Resources by 4.7% in the first quarter. KBC Group NV now owns 4,657 shares of the oil and natural gas company’s stock worth $211,000 after buying an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 23.10% of the company’s stock.
Shares of Continental Resources (NYSE CLR) opened at 33.52 on Monday. Continental Resources has a 12-month low of $29.08 and a 12-month high of $60.30. The firm’s market cap is $12.44 billion. The firm’s 50-day moving average is $32.30 and its 200-day moving average is $41.47.
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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. Continental Resources had a negative net margin of 9.08% and a negative return on equity of 3.93%. The business had revenue of $685.43 million during the quarter, compared to the consensus estimate of $646.46 million. Analysts predict that Continental Resources will post $0.10 earnings per share for the current fiscal year.
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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