Analysts at Credit Suisse Group started coverage on shares of Continental Resources (NYSE:CLR) in a research note issued to investors on Monday. The firm set an “outperform” rating and a $57.00 price target on the oil and natural gas company’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 18.58% from the company’s previous close.

CLR has been the topic of a number of other research reports. TheStreet upgraded shares of Continental Resources from a “d+” rating to a “c” rating in a research note on Friday, November 17th. Royal Bank of Canada raised their price objective on shares of Continental Resources from $48.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Barclays raised their price objective on shares of Continental Resources from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Zacks Investment Research upgraded shares of Continental Resources from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Wednesday, November 8th. Finally, Morgan Stanley raised their target price on shares of Continental Resources from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $46.24.

Continental Resources (NYSE CLR) traded up $0.14 during midday trading on Monday, hitting $48.07. 1,146,200 shares of the company were exchanged, compared to its average volume of 2,800,224. Continental Resources has a fifty-two week low of $29.08 and a fifty-two week high of $57.81. 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 firm has a market capitalization of $17,983.76, a price-to-earnings ratio of 1,198.25 and a beta of 1.44.

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

A number of institutional investors have recently bought and sold shares of CLR. Aperio Group LLC boosted its stake in Continental Resources by 17.9% in the 2nd quarter. Aperio Group LLC now owns 31,156 shares of the oil and natural gas company’s stock worth $1,007,000 after purchasing an additional 4,737 shares during the period. Shell Asset Management Co. boosted its stake in Continental Resources by 17.7% in the 2nd quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock worth $203,000 after purchasing an additional 944 shares during the period. Korea Investment CORP boosted its stake in Continental Resources by 73.1% in the 2nd quarter. Korea Investment CORP now owns 40,500 shares of the oil and natural gas company’s stock worth $1,309,000 after purchasing an additional 17,100 shares during the period. Canada Pension Plan Investment Board boosted its stake in Continental Resources by 1.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 295,627 shares of the oil and natural gas company’s stock worth $9,558,000 after purchasing an additional 4,000 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Continental Resources by 11.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 222,557 shares of the oil and natural gas company’s stock worth $7,196,000 after purchasing an additional 22,383 shares during the period. 22.59% of the stock is owned by hedge funds and other institutional investors.

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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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