Continental Resources, Inc. (NYSE:CLR)‘s stock had its “hold” rating reissued by investment analysts at KeyCorp in a note issued to investors on Thursday.

CLR has been the topic of a number of other research reports. Royal Bank Of Canada reissued a “buy” rating and set a $46.00 target price on shares of Continental Resources in a research report on Thursday, July 20th. Zacks Investment Research downgraded shares of Continental Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Barclays PLC reissued a “buy” rating and set a $34.00 target price on shares of Continental Resources in a research report on Friday, July 7th. Cowen and Company set a $35.00 target price on shares of Continental Resources and gave the company a “hold” rating in a research report on Tuesday, July 18th. Finally, Seaport Global Securities downgraded shares of Continental Resources from a “buy” rating to a “sell” rating and cut their target price for the company from $57.00 to $20.00 in a research report on Wednesday, June 21st. Two investment 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. Continental Resources presently has an average rating of “Hold” and a consensus target price of $46.30.

Shares of Continental Resources (CLR) traded down 1.51% during midday trading on Thursday, reaching $37.07. 2,184,801 shares of the company’s stock were exchanged. The company’s market cap is $13.76 billion. The stock’s 50 day moving average price is $36.15 and its 200 day moving average price 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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A number of hedge funds and other institutional investors have recently made changes to their positions in CLR. Financial Architects Inc lifted its stake in Continental Resources by 870.0% during the 2nd quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock valued at $157,000 after acquiring an additional 4,350 shares during the period. Shell Asset Management Co. lifted its stake in Continental Resources by 17.7% during the 2nd quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock valued at $203,000 after acquiring an additional 944 shares during the period. IndexIQ Advisors LLC acquired a new stake in Continental Resources during the 2nd quarter valued at approximately $210,000. KBC Group NV lifted its stake in Continental Resources by 4.7% during the 1st quarter. KBC Group NV now owns 4,657 shares of the oil and natural gas company’s stock valued at $211,000 after acquiring an additional 207 shares during the period. Finally, Sii Investments Inc. WI lifted its stake in Continental Resources by 25.6% during the 1st quarter. Sii Investments Inc. WI now owns 5,150 shares of the oil and natural gas company’s stock valued at $235,000 after acquiring an additional 1,050 shares during the period. Institutional investors and hedge funds 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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