Shares of Continental Resources Inc. (NYSE:CLR) traded down 6.2% during trading on Monday . The stock traded as low as $41.30 and last traded at $41.31, with a volume of 2,563,159 shares. The stock had previously closed at $44.05.

Several analysts have commented on the stock. SunTrust Banks Inc. upgraded shares of Continental Resources from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday. Vetr upgraded shares of Continental Resources from a “sell” rating to a “hold” rating and set a $37.50 target price on the stock in a research report on Monday, May 2nd. Simmons upped their target price on shares of Continental Resources from $32.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, May 18th. Deutsche Bank AG upped their target price on shares of Continental Resources from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, June 14th. Finally, BMO Capital Markets upgraded shares of Continental Resources from a “neutral” rating to a “buy” rating and decreased their target price for the company from $39.58 to $37.00 in a research report on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $40.43.

The company’s market capitalization is $15.30 billion. The stock has a 50-day moving average price of $43.97 and a 200-day moving average price of $33.73.

Continental Resources (NYSE:CLR) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by $0.04. During the same quarter last year, the business earned ($0.09) earnings per share. The firm had revenue of $453.17 million for the quarter, compared to analyst estimates of $444.84 million. The business’s revenue for the quarter was down 27.6% on a year-over-year basis. Equities analysts expect that Continental Resources Inc. will post ($0.76) EPS for the current year.

In related news, CFO John D. Hart sold 2,500 shares of Continental Resources stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $43.22, for a total value of $108,050.00. Following the completion of the transaction, the chief financial officer now owns 320,211 shares in the company, valued at $13,839,519.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Glen A. Brown sold 15,000 shares of Continental Resources stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $40.62, for a total transaction of $609,300.00. Following the completion of the transaction, the senior vice president now owns 145,890 shares of the company’s stock, valued at approximately $5,926,051.80. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently bought and sold shares of CLR. 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. First Trust Advisors LP boosted its position in 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. Morgan Stanley boosted its position in Continental Resources by 69.8% in the fourth quarter. Morgan Stanley now owns 2,106,900 shares of the company’s stock valued at $48,417,000 after buying an additional 866,217 shares during the period. Marshall Wace LLP boosted its position in Continental Resources by 328.3% in the fourth quarter. Marshall Wace LLP now owns 296,700 shares of the company’s stock valued at $6,818,000 after buying an additional 227,429 shares during the period. Finally, Morningstar Investment Services LLC purchased a new position in Continental Resources during the fourth quarter valued at approximately $3,103,000.

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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