Continental Resources, Inc. (NYSE:CLR) has been given a $40.00 price target by stock analysts at Robert W. Baird in a research report issued on Thursday. The brokerage presently has a “hold” rating on the oil and natural gas company’s stock. Robert W. Baird’s price target would indicate a potential upside of 7.90% from the company’s current price.

Other equities analysts have also issued reports about the company. Scotiabank reissued a “buy” rating and set a $52.00 price objective on shares of Continental Resources in a report on Friday, June 30th. Jefferies Group LLC reissued a “buy” rating and set a $47.00 price objective on shares of Continental Resources in a report on Thursday. Imperial Capital began coverage on Continental Resources in a report on Tuesday, September 19th. They set an “in-line” rating and a $41.00 price objective for the company. Cowen and Company set a $35.00 price objective on Continental Resources and gave the company a “hold” rating in a report on Tuesday, July 18th. Finally, Barclays PLC set a $37.00 price objective on Continental Resources and gave the company an “overweight” rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $46.30.

Shares of Continental Resources (NYSE CLR) traded down 1.51% on Thursday, hitting $37.07. The company’s 50-day moving average price is $36.26 and its 200-day moving average price is $37.07. The company’s market capitalization is $13.76 billion. Continental Resources has a 52 week low of $29.08 and a 52 week high of $60.30.

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Several hedge funds have recently modified their holdings of the stock. M&T Bank Corp raised its position in shares of Continental Resources by 1.4% in the first quarter. M&T Bank Corp now owns 6,125 shares of the oil and natural gas company’s stock worth $278,000 after buying an additional 85 shares in the last quarter. Comerica Bank raised its position in Continental Resources by 0.7% during the first quarter. Comerica Bank now owns 15,941 shares of the oil and natural gas company’s stock valued at $677,000 after purchasing an additional 110 shares in the last quarter. ProShare Advisors LLC raised its position in Continental Resources by 1.5% during the second quarter. ProShare Advisors LLC now owns 8,180 shares of the oil and natural gas company’s stock valued at $264,000 after purchasing an additional 118 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Continental Resources by 1.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,873 shares of the oil and natural gas company’s stock valued at $255,000 after purchasing an additional 146 shares in the last quarter. Finally, Utah Retirement Systems raised its position in Continental Resources by 1.3% during the second quarter. Utah Retirement Systems now owns 16,004 shares of the oil and natural gas company’s stock valued at $517,000 after purchasing an additional 200 shares in the last quarter. 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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