Continental Resources, Inc. (NYSE:CLR) had its price objective raised by research analysts at Barclays PLC from $37.00 to $42.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has an “overweight” rating on the oil and natural gas company’s stock. Barclays PLC’s target price would indicate a potential upside of 13.76% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $41.00 target price on shares of Continental Resources in a report on Friday, October 6th. Stifel Nicolaus set a $68.00 target price on shares of Continental Resources and gave the stock a “buy” rating in a report on Thursday, October 5th. Imperial Capital assumed coverage on shares of Continental Resources in a report on Tuesday, September 19th. They issued an “in-line” rating and a $41.00 target price on the stock. Scotiabank lowered their target price on shares of Continental Resources from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Friday, September 8th. Finally, Jefferies Group LLC set a $42.00 target price on shares of Continental Resources and gave the stock a “buy” rating in a report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. Continental Resources presently has a consensus rating of “Buy” and a consensus price target of $46.18.

Continental Resources (CLR) traded down 0.041% during trading on Wednesday, reaching $36.905. The company’s stock had a trading volume of 551,649 shares. The company’s market cap is $13.85 billion. The stock’s 50-day moving average is $36.02 and its 200 day moving average is $37.07. Continental Resources has a 12 month low of $29.08 and a 12 month high of $60.30.

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Several institutional investors have recently added to or reduced their stakes in CLR. Comerica Bank grew its position in shares of Continental Resources by 0.7% during the 1st quarter. Comerica Bank now owns 15,941 shares of the oil and natural gas company’s stock valued at $677,000 after acquiring an additional 110 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of Continental Resources by 10.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 231,214 shares of the oil and natural gas company’s stock valued at $10,502,000 after acquiring an additional 22,201 shares during the period. TD Asset Management Inc. grew its position in shares of Continental Resources by 5.5% during the 1st quarter. TD Asset Management Inc. now owns 5,754 shares of the oil and natural gas company’s stock valued at $261,000 after acquiring an additional 300 shares during the period. Ameriprise Financial Inc. grew its position in shares of Continental Resources by 1.4% during the 1st quarter. Ameriprise Financial Inc. now owns 39,294 shares of the oil and natural gas company’s stock valued at $1,785,000 after acquiring an additional 533 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in shares of Continental Resources by 6.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 132,812 shares of the oil and natural gas company’s stock valued at $6,032,000 after acquiring an additional 8,075 shares during the period. 23.37% of the stock is owned by hedge funds and other 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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