Continental Resources, Inc. (NYSE:CLR) received a $37.00 price target from Barclays PLC in a research note issued on Thursday. The brokerage currently has an “overweight” rating on the oil and natural gas company’s stock. Barclays PLC’s price target suggests a potential upside of 7.12% from the company’s current price.
Other equities analysts also recently issued reports about the company. Stifel Nicolaus reiterated a “buy” rating and set a $61.00 target price on shares of Continental Resources in a research report on Wednesday, April 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 target price on shares of Continental Resources in a research report on Tuesday, April 25th. FBR & Co reduced their target price on Continental Resources from $56.00 to $46.00 and set a “mkt perform” rating on the stock in a research report on Monday, May 1st. Credit Suisse Group upgraded Continental Resources from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $40.00 to $57.00 in a research report on Friday, May 5th. They noted that the move was a valuation call. Finally, KLR Group increased their target price on Continental Resources from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $50.09.
Continental Resources (NYSE CLR) opened at 34.54 on Thursday. The stock’s 50 day moving average price is $32.34 and its 200 day moving average price is $40.27. Continental Resources has a 12-month low of $29.08 and a 12-month high of $60.30. The stock’s market cap is $12.82 billion.
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In other news, CEO Harold Hamm bought 36,452 shares of Continental Resources stock in a transaction on Wednesday, May 24th. The shares were bought at an average price of $42.05 per share, with a total value of $1,532,806.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 76.97% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. increased 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 valued at $103,000 after buying an additional 119 shares during the period. Bronfman E.L. Rothschild L.P. increased 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 valued at $138,000 after buying an additional 150 shares during the period. Winch Advisory Services LLC bought a new stake in shares of Continental Resources during the first quarter valued at about $191,000. Heritage Trust Co bought a new stake in shares of Continental Resources during the first quarter valued at about $200,000. Finally, KBC Group NV increased 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 valued at $211,000 after buying an additional 207 shares during the period. 23.07% of the stock is currently 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.
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