Continental Resources, Inc. (CLR) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets restated their buy rating on shares of Continental Resources, Inc. (NYSE:CLR) in a report published on Sunday.

CLR has been the subject of a number of other research reports. Barclays PLC raised their price objective on Continental Resources from $37.00 to $42.00 and gave the company an overweight rating in a research report on Wednesday, October 11th. Morgan Stanley raised their price objective on Continental Resources from $51.00 to $56.00 and gave the company an overweight rating in a research report on Wednesday, November 8th. BidaskClub upgraded Continental Resources from a sell rating to a hold rating in a research report on Saturday, August 12th. Stifel Nicolaus set a $68.00 price objective on Continental Resources and gave the company a buy rating in a research report on Thursday, October 5th. Finally, Citigroup Inc. cut their price objective on Continental Resources from $60.00 to $40.00 and set a buy rating for the company in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $46.35.

Shares of Continental Resources (NYSE CLR) opened at $44.84 on Friday. Continental Resources has a 12 month low of $29.08 and a 12 month high of $60.30. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $17,195.82, a price-to-earnings ratio of 1,145.75 and a beta of 1.40.

Continental Resources (NYSE:CLR) last issued its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.05. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The business had revenue of $726.74 million during the quarter, compared to analyst estimates of $710.77 million. During the same quarter in the prior year, the business posted ($0.22) EPS. Continental Resources’s revenue for the quarter was up 38.1% compared to the same quarter last year. equities analysts expect that Continental Resources will post 0.24 earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of the company. ProShare Advisors LLC increased its position in shares of Continental Resources by 1.5% during the second quarter. ProShare Advisors LLC now owns 8,180 shares of the oil and natural gas company’s stock worth $264,000 after acquiring an additional 118 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of Continental Resources by 1.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,873 shares of the oil and natural gas company’s stock worth $255,000 after acquiring an additional 146 shares during the period. Utah Retirement Systems increased its position in shares of Continental Resources by 1.3% during the second quarter. Utah Retirement Systems now owns 16,004 shares of the oil and natural gas company’s stock worth $517,000 after acquiring an additional 200 shares during the period. Aviva PLC increased its position in shares of Continental Resources by 0.5% during the second quarter. Aviva PLC now owns 56,252 shares of the oil and natural gas company’s stock worth $1,819,000 after acquiring an additional 300 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Continental Resources by 1.6% during the second quarter. Ameriprise Financial Inc. now owns 39,941 shares of the oil and natural gas company’s stock worth $1,277,000 after acquiring an additional 647 shares during the period. 23.27% of the stock is currently owned by institutional investors and hedge funds.

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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