Continental Resources Inc. (NYSE:CLR)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $46.30 and last traded at $45.47, with a volume of 1,595,234 shares changing hands. The stock had previously closed at $45.32.

A number of equities analysts have recently weighed in on CLR shares. Royal Bank Of Canada started coverage on shares of Continental Resources in a research note on Friday, March 18th. They set an “outperform” rating and a $35.00 price target on the stock. Deutsche Bank AG upped their price target on shares of Continental Resources from $24.00 to $34.00 in a research note on Wednesday, March 23rd. Scotiabank upped their price target on shares of Continental Resources from $13.50 to $15.00 and gave the stock an “outperform” rating in a research note on Monday, March 28th. Seaport Global Securities raised shares of Continental Resources from an “accumulate” rating to a “buy” rating and upped their price target for the stock from $24.00 to $75.00 in a research note on Wednesday, March 30th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $38.00 price target (up from $32.00) on shares of Continental Resources in a research note on Thursday, March 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.57.

The stock’s market capitalization is $16.86 billion. The stock’s 50 day moving average is $43.26 and its 200 day moving average is $31.75.

Continental Resources (NYSE:CLR) last released its earnings results on Wednesday, May 4th. The company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by $0.04. The business earned $453.17 million during the quarter, compared to the consensus estimate of $444.84 million. During the same quarter in the previous year, the business posted ($0.09) earnings per share. Continental Resources’s quarterly revenue was down 27.6% on a year-over-year basis. On average, analysts forecast that Continental Resources Inc. will post ($0.85) EPS for the current fiscal year.

In other Continental Resources news, CFO John D. Hart sold 2,500 shares of Continental Resources stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $43.22, for a total transaction of $108,050.00. Following the transaction, the chief financial officer now owns 320,211 shares of the company’s stock, valued at approximately $13,839,519.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Eric Spencer Eissenstat sold 10,000 shares of Continental Resources stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $45.35, for a total value of $453,500.00. The disclosure for this sale can be found here.

Other institutional investors have added to or reduced their stakes in the company. Swiss National Bank boosted its position in Continental Resources by 1.1% in the fourth quarter. Swiss National Bank now owns 168,256 shares of the company’s stock valued at $3,867,000 after buying an additional 1,900 shares during the period. California State Teachers Retirement System boosted its position in Continental Resources by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 162,190 shares of the company’s stock valued at $3,727,000 after buying an additional 2,402 shares during the period. Mizuho Trust & Banking Co. Ltd. boosted its position in Continental Resources by 2.2% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 134,098 shares of the company’s stock valued at $2,984,000 after buying an additional 2,824 shares during the period. Quantitative Investment Management LLC boosted its position in Continental Resources by 37.3% in the fourth quarter. Quantitative Investment Management LLC now owns 65,200 shares of the company’s stock valued at $1,498,000 after buying an additional 17,700 shares during the period. Finally, Numeric Investors LLC boosted its position in Continental Resources by 284.6% in the fourth quarter. Numeric Investors LLC now owns 45,000 shares of the company’s stock valued at $1,034,000 after buying an additional 33,300 shares during the period.

Continental Resources, Inc is an independent crude oil and natural gas exploration and production 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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