Continental Resources, Inc. (NYSE:CLR) – Investment analysts at Jefferies Group issued their FY2019 earnings per share estimates for shares of Continental Resources in a report issued on Monday. Jefferies Group analyst M. Hsu forecasts that the oil and natural gas company will post earnings of $1.68 per share for the year. Jefferies Group has a “Buy” rating and a $47.00 price objective on the stock.

Several other brokerages have also recently commented on CLR. Barclays PLC increased their target price on shares of Continental Resources from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday. BidaskClub upgraded shares of Continental Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Stifel Nicolaus set a $68.00 price target on shares of Continental Resources and gave the company a “buy” rating in a research note on Thursday, October 5th. Citigroup Inc. cut 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, Scotiabank reiterated a “buy” rating and issued a $52.00 price target on shares of Continental Resources in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $46.30.

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Continental Resources (NYSE:CLR) traded down 0.98% on Thursday, hitting $37.27. 1,653,732 shares of the stock were exchanged. The company has a 50 day moving average of $36.15 and a 200 day moving average of $37.07. Continental Resources has a one year low of $29.08 and a one year high of $60.30. The stock’s market capitalization is $13.83 billion.

Several institutional investors and hedge funds have recently modified their holdings of the company. Benefit Street Partners LLC bought a new position in shares of Continental Resources in the second quarter valued at about $9,376,000. Archford Capital Strategies LLC increased its position in Continental Resources by 1,910.6% during the second quarter. Archford Capital Strategies LLC now owns 10,395 shares of the oil and natural gas company’s stock worth $946,000 after acquiring an additional 9,878 shares during the period. Sterling Capital Management LLC increased its position in Continental Resources by 65.2% during the second quarter. Sterling Capital Management LLC now owns 7,600 shares of the oil and natural gas company’s stock worth $246,000 after acquiring an additional 3,000 shares during the period. The Manufacturers Life Insurance Company increased its position in Continental Resources by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 13,385 shares of the oil and natural gas company’s stock worth $433,000 after acquiring an additional 920 shares during the period. Finally, Cubist Systematic Strategies LLC increased its position in Continental Resources by 226.0% during the second quarter. Cubist Systematic Strategies LLC now owns 22,813 shares of the oil and natural gas company’s stock worth $738,000 after acquiring an additional 15,815 shares during the period. 23.37% of the stock is currently owned by institutional investors.

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.

Earnings History and Estimates for Continental Resources (NYSE:CLR)

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