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

Several research firms recently weighed in on CLR. Nomura reiterated a “buy” rating and set a $50.00 target price (up from $25.00) on shares of Continental Resources in a research report on Wednesday, May 25th. KLR Group downgraded Continental Resources from a “buy” rating to an “accumulate” rating and increased their target price for the stock from $48.00 to $54.00 in a research report on Monday, July 18th. Deutsche Bank AG upgraded Continental Resources from a “hold” rating to a “buy” rating and increased their target price for the stock from $34.00 to $40.00 in a research report on Wednesday, April 13th. Vetr downgraded Continental Resources from a “hold” rating to a “sell” rating and set a $37.50 target price on the stock. in a research report on Tuesday, April 26th. Finally, SunTrust Banks Inc. upgraded Continental Resources from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $40.43.

The firm’s market capitalization is $15.92 billion. The company has a 50 day moving average of $43.94 and a 200 day moving average of $33.95.

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

In other news, SVP Glen A. Brown sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $40.62, for a total value of $609,300.00. Following the transaction, the senior vice president now directly owns 145,890 shares of the company’s stock, valued at approximately $5,926,051.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Steven K. Owen sold 14,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 96,791 shares in the company, valued at $3,884,222.83. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Mizuho Trust & Banking Co. Ltd. increased 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 in the last quarter. First Trust Advisors LP increased 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 in the last quarter. State of Wisconsin Investment Board increased its position in Continental Resources by 43.4% in the fourth quarter. State of Wisconsin Investment Board now owns 163,416 shares of the company’s stock valued at $3,755,000 after buying an additional 49,460 shares in the last quarter. Morningstar Investment Services LLC purchased a new position in Continental Resources during the fourth quarter valued at about $3,103,000. Finally, Trexquant Investment LP purchased a new position in Continental Resources during the fourth quarter valued at about $4,521,000.

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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