Continental Resources (CLR) Lifted to Hold at ValuEngine

Continental Resources (NYSE:CLR) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

CLR has been the subject of several other research reports. TheStreet raised shares of Continental Resources from a “d+” rating to a “c” rating in a research report on Friday, November 17th. Royal Bank Of Canada upped their price target on shares of Continental Resources from $48.00 to $51.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Barclays upped their price target on shares of Continental Resources from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Zacks Investment Research raised shares of Continental Resources from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Wednesday, November 8th. Finally, BidaskClub raised shares of Continental Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.69.

Continental Resources (NYSE:CLR) traded up $1.14 on Friday, reaching $48.47. 2,267,087 shares of the company’s stock traded hands, compared to its average volume of 2,759,634. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.55. The company has a market cap of $18,186.38, a PE ratio of 1,211.75 and a beta of 1.44. Continental Resources has a 1-year low of $29.08 and a 1-year high of $58.50.

Continental Resources (NYSE:CLR) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.05. The business had revenue of $726.74 million for the quarter, compared to analysts’ expectations of $710.77 million. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. The business’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.22) EPS. research analysts forecast that Continental Resources will post 0.29 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of CLR. Toronto Dominion Bank boosted its position in shares of Continental Resources by 244.1% during the 3rd quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after acquiring an additional 2,810 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Continental Resources by 35.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock valued at $187,000 after acquiring an additional 1,261 shares during the last quarter. Sii Investments Inc. WI bought a new position in shares of Continental Resources during the 3rd quarter valued at approximately $200,000. Shell Asset Management Co. lifted its position in Continental Resources by 17.7% in the second quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock worth $203,000 after buying an additional 944 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Continental Resources by 131.7% in the third quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock worth $205,000 after buying an additional 3,009 shares during the last quarter. Hedge funds and other institutional investors own 22.61% of the company’s stock.

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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.

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