Continental Resources, Inc. (NYSE:CLR) had its price objective reduced by Scotiabank from $14.00 to $13.50 in a report released on Friday. The firm presently has an “outperform” rating on the oil and natural gas company’s stock. Scotiabank’s target price would indicate a potential downside of 60.00% from the company’s current price.

CLR has been the subject of a number of other research reports. BidaskClub upgraded shares of Continental Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. ValuEngine lowered shares of Continental Resources from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Continental Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Citigroup Inc. decreased their price target on shares of Continental Resources from $60.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Finally, Seaport Global Securities lowered shares of Continental Resources from a “buy” rating to a “sell” rating and decreased their price target for the company from $57.00 to $20.00 in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $46.29.

Shares of Continental Resources (NYSE CLR) traded down 2.77% during midday trading on Friday, hitting $33.75. 2,728,026 shares of the stock traded hands. Continental Resources has a 52 week low of $29.08 and a 52 week high of $60.30. The firm has a 50-day moving average price of $33.28 and a 200-day moving average price of $38.37. The stock’s market capitalization is $12.53 billion.

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Large investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. lifted its holdings in Continental Resources by 5.2% during 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 purchasing an additional 150 shares during the last quarter. KBC Group NV lifted its holdings in Continental Resources by 4.7% during 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 purchasing an additional 207 shares during the last quarter. Financial Architects Inc lifted its holdings in Continental Resources by 870.0% during the second quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock valued at $157,000 after purchasing an additional 4,350 shares during the last quarter. Sii Investments Inc. WI lifted its holdings in Continental Resources by 25.6% during the first quarter. Sii Investments Inc. WI now owns 5,150 shares of the oil and natural gas company’s stock valued at $235,000 after purchasing an additional 1,050 shares during the last quarter. Finally, First Financial Equity Corporation purchased a new stake in Continental Resources during the first quarter valued at about $241,000. 23.30% 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.

Analyst Recommendations for Continental Resources (NYSE:CLR)

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