Continental Resources, Inc. (NYSE:CLR) has been given a $50.00 price target by research analysts at SunTrust Banks, Inc. in a research report issued on Thursday. The firm currently has a “buy” rating on the oil and natural gas company’s stock. SunTrust Banks, Inc.’s price objective suggests a potential upside of 34.88% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Scotiabank restated a “buy” rating and set a $52.00 price target on shares of Continental Resources in a research note on Friday, June 30th. Barclays PLC restated a “buy” rating and set a $34.00 price target on shares of Continental Resources in a research note on Friday, July 7th. Citigroup Inc. dropped their price target on shares of Continental Resources from $60.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Royal Bank Of Canada restated a “buy” rating and set a $46.00 price target on shares of Continental Resources in a research note on Thursday, July 20th. Finally, Stifel Nicolaus set a $59.00 price target on shares of Continental Resources and gave the stock a “buy” rating in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $46.30.

Continental Resources (CLR) traded down 1.51% during trading on Thursday, hitting $37.07. 2,185,001 shares of the company traded hands. Continental Resources has a one year low of $29.08 and a one year high of $60.30. The firm has a 50 day moving average of $36.26 and a 200 day moving average of $37.07. The firm’s market cap is $13.76 billion.

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Several large investors have recently added to or reduced their stakes in the company. M&T Bank Corp lifted its holdings in shares of Continental Resources by 1.4% during the 1st quarter. M&T Bank Corp now owns 6,125 shares of the oil and natural gas company’s stock worth $278,000 after acquiring an additional 85 shares during the period. Comerica Bank lifted its holdings 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 worth $677,000 after acquiring an additional 110 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Continental Resources by 1.5% during the 2nd quarter. ProShare Advisors LLC now owns 8,180 shares of the oil and natural gas company’s stock worth $264,000 after acquiring an additional 118 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Continental Resources by 1.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,873 shares of the oil and natural gas company’s stock worth $255,000 after acquiring an additional 146 shares during the period. Finally, Utah Retirement Systems lifted its holdings in shares of Continental Resources by 1.3% during the 2nd quarter. Utah Retirement Systems now owns 16,004 shares of the oil and natural gas company’s stock worth $517,000 after acquiring an additional 200 shares during the period. 23.37% of the stock is owned by 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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