Continental Resources Inc. (NYSE:CLR) shares traded down 5.1% during trading on Monday . The stock traded as low as $42.41 and last traded at $42.63, with a volume of 1,684,272 shares traded. The stock had previously closed at $44.90.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Continental Resources from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Monday, July 18th. KLR Group lowered shares of Continental Resources from a “buy” rating to an “accumulate” rating and boosted their price objective for the stock from $48.00 to $54.00 in a research note on Monday, July 18th. Scotiabank reiterated an “outperform” rating and set a $17.00 price objective on shares of Continental Resources in a research note on Tuesday, June 28th. Canaccord Genuity boosted their price objective on shares of Continental Resources to $50.00 and gave the stock a “buy” rating in a research note on Monday, June 20th. Finally, Deutsche Bank AG boosted their price objective on shares of Continental Resources from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, June 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.36.

The stock has a 50 day moving average of $43.84 and a 200-day moving average of $32.68. The stock’s market capitalization is $15.93 billion.

Continental Resources (NYSE:CLR) last released its earnings results on Wednesday, May 4th. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by $0.04. During the same period in the prior year, the business posted ($0.09) EPS. The firm earned $453.17 million during the quarter, compared to the consensus estimate of $444.84 million. The company’s revenue was down 27.6% on a year-over-year basis. On average, equities analysts predict that Continental Resources Inc. will post ($0.79) EPS for the current year.

In related news, SVP Eric Spencer Eissenstat sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $45.35, for a total transaction of $453,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Steven K. Owen sold 14,000 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $40.13, for a total value of $561,820.00. Following the transaction, the senior vice president now owns 96,791 shares in the company, valued at $3,884,222.83. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in CLR. Quantitative Investment Management LLC boosted its position in shares of 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. First Trust Advisors LP boosted its position in shares of Continental Resources by 91.7% in the fourth quarter. First Trust Advisors LP now owns 76,870 shares of the company’s stock valued at $1,766,000 after buying an additional 36,761 shares during the period. Mizuho Trust & Banking Co. Ltd. boosted its position in shares of 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. Morningstar Investment Services LLC purchased a new position in shares of Continental Resources during the fourth quarter valued at about $3,103,000. Finally, California State Teachers Retirement System boosted its position in shares of 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.

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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