CLR has been the topic of several other reports. Barclays reaffirmed an overweight rating and issued a $58.00 price target (up from $53.00) on shares of Continental Resources in a report on Thursday, January 11th. Credit Suisse Group assumed coverage on shares of Continental Resources in a report on Monday, December 11th. They issued an outperform rating and a $57.00 price target on the stock. Macquarie raised shares of Continental Resources from a neutral rating to an outperform rating and upped their price target for the company from $53.57 to $55.00 in a report on Thursday, December 14th. B. Riley set a $70.00 price target on shares of Continental Resources and gave the company a buy rating in a report on Friday, February 16th. Finally, KLR Group cut shares of Continental Resources from a buy rating to a hold rating and set a $61.00 target price on the stock. in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Continental Resources currently has an average rating of Buy and a consensus price target of $56.58.
Shares of Continental Resources stock opened at $52.13 on Monday. The stock has a market cap of $19,912.71, a price-to-earnings ratio of 24.71 and a beta of 1.45. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 1.24. Continental Resources has a twelve month low of $29.08 and a twelve month high of $58.89.
In other news, CEO Harold Hamm acquired 99,028 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $50.26 per share, with a total value of $4,977,147.28. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John D. Hart sold 15,000 shares of the stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $53.13, for a total transaction of $796,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 156,909 shares of company stock worth $7,846,156 and sold 47,874 shares worth $2,442,623. 76.87% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in CLR. American International Group Inc. bought a new position in Continental Resources in the 4th quarter valued at about $102,000. Exane Derivatives bought a new position in Continental Resources in the 4th quarter valued at about $113,000. Toronto Dominion Bank grew its position in Continental Resources by 244.1% in the 3rd quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after buying an additional 2,810 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Continental Resources by 126.7% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,400 shares of the oil and natural gas company’s stock valued at $180,000 after buying an additional 1,900 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in Continental Resources by 35.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock valued at $187,000 after buying an additional 1,261 shares in the last quarter. Hedge funds and other institutional investors own 22.42% 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.
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