Continental Resources, Inc. (CLR) Given New $42.00 Price Target at Barclays PLC

Continental Resources, Inc. (NYSE:CLR) had its target price raised by Barclays PLC from $37.00 to $42.00 in a research note issued to investors on Wednesday morning. They currently have an overweight rating on the oil and natural gas company’s stock.

Several other analysts have also issued reports on CLR. BidaskClub upgraded shares of Continental Resources from a strong sell rating to a sell rating in a research report on Wednesday, August 2nd. Piper Jaffray Companies restated a buy rating and set a $41.00 price target on shares of Continental Resources in a research report on Friday, October 6th. Stifel Nicolaus set a $68.00 price target on shares of Continental Resources and gave the company a buy rating in a research report on Thursday, October 5th. BMO Capital Markets cut their price target on shares of Continental Resources from $45.00 to $36.00 and set an outperform rating for the company in a research report on Friday, July 14th. Finally, Jefferies Group LLC set a $42.00 price target on shares of Continental Resources and gave the company a buy rating in a research report on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $46.30.

Shares of Continental Resources (CLR) traded down 1.51% on Wednesday, reaching $37.07. The company’s stock had a trading volume of 2,184,801 shares. The stock has a 50 day moving average of $36.15 and a 200-day moving average of $37.07. The firm’s market cap is $13.76 billion. Continental Resources has a 12 month low of $29.08 and a 12 month high of $60.30.

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A number of institutional investors and hedge funds have recently modified their holdings of CLR. BlackRock Inc. lifted its holdings in Continental Resources by 4,992.6% in the first quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock worth $225,346,000 after buying an additional 4,863,974 shares during the period. Renaissance Technologies LLC lifted its holdings in Continental Resources by 474.8% in the second quarter. Renaissance Technologies LLC now owns 2,892,600 shares of the oil and natural gas company’s stock worth $93,518,000 after buying an additional 2,389,400 shares during the period. FMR LLC lifted its holdings in Continental Resources by 16.5% in the second quarter. FMR LLC now owns 13,208,383 shares of the oil and natural gas company’s stock worth $427,027,000 after buying an additional 1,875,103 shares during the period. Vanguard Group Inc. lifted its holdings in Continental Resources by 26.4% in the second quarter. Vanguard Group Inc. now owns 8,149,867 shares of the oil and natural gas company’s stock worth $263,485,000 after buying an additional 1,703,303 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Continental Resources by 86.6% in the first quarter. Bank of America Corp DE now owns 3,497,989 shares of the oil and natural gas company’s stock worth $158,879,000 after buying an additional 1,623,470 shares during the period. Institutional investors and hedge funds own 23.37% 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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