Continental Resources, Inc. (CLR) Given Consensus Rating of “Buy” by Brokerages
Continental Resources, Inc. (NYSE:CLR) has earned a consensus rating of “Buy” from the twenty-three ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $45.97.
Several equities analysts recently commented on CLR shares. BidaskClub upgraded Continental Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Barclays PLC set a $37.00 target price on Continental Resources and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Citigroup Inc. cut their target price 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. ValuEngine downgraded Continental Resources from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Scotiabank restated a “buy” rating and set a $52.00 target price on shares of Continental Resources in a research report on Friday, June 30th.
Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in Continental Resources by 86.6% during 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 acquiring an additional 1,623,470 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Continental Resources by 10.6% during the first quarter. UBS Asset Management Americas Inc. now owns 231,214 shares of the oil and natural gas company’s stock worth $10,502,000 after acquiring an additional 22,201 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Continental Resources by 9.4% during the first quarter. HighTower Advisors LLC now owns 9,077 shares of the oil and natural gas company’s stock worth $415,000 after acquiring an additional 777 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in Continental Resources by 14.1% during the second quarter. Wesbanco Bank Inc. now owns 132,764 shares of the oil and natural gas company’s stock worth $4,293,000 after acquiring an additional 16,375 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in Continental Resources during the first quarter worth about $351,000. Hedge funds and other institutional investors own 23.30% of the company’s stock.
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Shares of Continental Resources (CLR) traded down 0.39% on Friday, reaching $36.15. The company had a trading volume of 2,158,026 shares. Continental Resources has a 12 month low of $29.08 and a 12 month high of $60.30. The company’s 50-day moving average is $33.74 and its 200 day moving average is $37.97. The firm’s market capitalization is $13.42 billion.
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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