Continental Resources, Inc. (CLR) Given a $50.00 Price Target by SunTrust Banks, Inc. Analysts

Continental Resources, Inc. (NYSE:CLR) has been given a $50.00 price objective by investment analysts at SunTrust Banks, Inc. in a research report issued on Thursday. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. SunTrust Banks, Inc.’s price objective would indicate a potential upside of 32.84% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Robert W. Baird set a $40.00 price objective on shares of Continental Resources and gave the stock a “hold” rating in a research report on Thursday. Jefferies Group LLC restated a “buy” rating and issued a $47.00 price objective on shares of Continental Resources in a research report on Thursday. 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 report on Wednesday. Piper Jaffray Companies restated a “buy” rating and issued a $41.00 price objective on shares of Continental Resources in a research report on Friday, October 6th. Finally, Stifel Nicolaus set a $68.00 price objective on shares of Continental Resources and gave the stock a “buy” rating in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $46.30.

Continental Resources (NYSE:CLR) traded down 1.38% during midday trading on Thursday, hitting $37.12. 990,035 shares of the stock were exchanged. The company’s market capitalization is $13.78 billion. The company’s 50 day moving average is $36.15 and its 200 day moving average is $37.07. Continental Resources has a 1-year low of $29.08 and a 1-year high of $60.30.

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Hedge funds have recently made changes to their positions in the stock. Financial Architects Inc lifted 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 worth $157,000 after acquiring an additional 4,350 shares during the period. Shell Asset Management Co. lifted its stake in Continental Resources by 17.7% in the second quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock worth $203,000 after acquiring an additional 944 shares during the period. IndexIQ Advisors LLC purchased a new stake in Continental Resources in the second quarter worth $210,000. KBC Group NV lifted its stake in 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 acquiring an additional 207 shares during the period. Finally, Sii Investments Inc. WI lifted its stake in Continental Resources by 25.6% in the first quarter. Sii Investments Inc. WI now owns 5,150 shares of the oil and natural gas company’s stock worth $235,000 after acquiring an additional 1,050 shares during the period. 23.37% of the stock is owned by 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.

Analyst Recommendations for Continental Resources (NYSE:CLR)

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