Continental Resources, Inc. (NYSE:CLR) has been assigned a $68.00 price target by equities researchers at Stifel Nicolaus in a report released on Thursday. The firm currently has a “buy” rating on the oil and natural gas company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 79.56% from the company’s previous close.

A number of other research firms also recently weighed in on CLR. BidaskClub raised shares of 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 shares of Continental Resources and gave the company an “overweight” rating in a research report on Thursday, August 10th. Citigroup Inc. decreased their target price on shares of Continental Resources from $60.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Scotiabank reissued a “buy” rating and set a $52.00 target price on shares of Continental Resources in a research report on Friday, June 30th. Finally, BMO Capital Markets set a $36.00 target price on shares of Continental Resources and gave the company a “buy” rating in a research report on Monday, August 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. Continental Resources has an average rating of “Buy” and a consensus target price of $45.98.

Shares of Continental Resources (CLR) traded down 3.56% during midday trading on Thursday, hitting $36.52. 1,322,661 shares of the stock traded hands. The firm’s 50-day moving average is $35.66 and its 200 day moving average is $37.30. The company’s market capitalization is $13.55 billion. Continental Resources has a 52 week low of $29.08 and a 52 week high of $60.30.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC raised its stake in shares of Continental Resources by 8.0% during the 4th quarter. Gateway Investment Advisers LLC now owns 477,391 shares of the oil and natural gas company’s stock worth $10,970,000 after purchasing an additional 35,530 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Continental Resources by 7.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 142,660 shares of the oil and natural gas company’s stock worth $3,279,000 after purchasing an additional 9,730 shares during the period. British Airways Pensions Investment Management Ltd raised its stake in shares of Continental Resources by 59.1% during the 4th quarter. British Airways Pensions Investment Management Ltd now owns 715,210 shares of the oil and natural gas company’s stock worth $16,444,000 after purchasing an additional 265,740 shares during the period. Caymus Capital Partners L.P. raised its stake in shares of Continental Resources by 43.4% during the 4th quarter. Caymus Capital Partners L.P. now owns 2,322,000 shares of the oil and natural gas company’s stock worth $53,360,000 after purchasing an additional 703,100 shares during the period. Finally, Bridgeway Capital Management Inc. bought a new stake in shares of Continental Resources during the 2nd quarter worth $28,606,000. Institutional investors own 23.37% 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.

Analyst Recommendations for Continental Resources (NYSE:CLR)

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