Bridgecreek Investment Management LLC acquired a new position in Continental Resources, Inc. (NYSE:CLR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,550 shares of the oil and natural gas company’s stock, valued at approximately $214,000.

A number of other large investors have also recently made changes to their positions in the stock. ProShare Advisors LLC grew its stake in Continental Resources by 1.5% in the second quarter. ProShare Advisors LLC now owns 8,180 shares of the oil and natural gas company’s stock worth $264,000 after purchasing an additional 118 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Continental Resources by 1.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,873 shares of the oil and natural gas company’s stock worth $255,000 after purchasing an additional 146 shares in the last quarter. Utah Retirement Systems grew its stake in Continental Resources by 1.3% in the second quarter. Utah Retirement Systems now owns 16,004 shares of the oil and natural gas company’s stock worth $517,000 after purchasing an additional 200 shares in the last quarter. Aviva PLC grew its stake in Continental Resources by 0.5% in the second quarter. Aviva PLC now owns 56,252 shares of the oil and natural gas company’s stock worth $1,819,000 after purchasing an additional 300 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Continental Resources by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 39,941 shares of the oil and natural gas company’s stock worth $1,277,000 after purchasing an additional 647 shares in the last quarter. 23.27% of the stock is currently owned by institutional investors.

Shares of Continental Resources, Inc. (NYSE CLR) traded up $0.37 on Monday, reaching $46.69. The company’s stock had a trading volume of 2,854,600 shares, compared to its average volume of 2,865,865. The firm has a market cap of $17,460.00, a P/E ratio of 1,167.25 and a beta of 1.40. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.94 and a quick ratio of 0.85. Continental Resources, Inc. has a 12 month low of $29.08 and a 12 month high of $60.30.

Continental Resources (NYSE:CLR) last announced its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. The company had revenue of $726.74 million for the quarter, compared to the consensus estimate of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.22) EPS. analysts predict that Continental Resources, Inc. will post 0.23 earnings per share for the current fiscal year.

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A number of analysts have weighed in on the company. BidaskClub upgraded Continental Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Continental Resources from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Barclays PLC upped their target price on Continental Resources from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Royal Bank Of Canada upped their target price on Continental Resources from $48.00 to $51.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Citigroup Inc. lowered their target price on Continental Resources from $60.00 to $40.00 and set a “buy” rating for the company in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. Continental Resources currently has an average rating of “Buy” and a consensus price target of $47.31.

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.

Institutional Ownership by Quarter for Continental Resources (NYSE:CLR)

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