Continental Resources, Inc. (CLR) PT Raised to $51.00 at Royal Bank Of Canada
Continental Resources, Inc. (NYSE:CLR) had its price target boosted by Royal Bank Of Canada from $48.00 to $51.00 in a research report released on Thursday, MarketBeat reports. Royal Bank Of Canada currently has an outperform rating on the oil and natural gas company’s stock.
Several other research analysts have also commented on the company. Imperial Capital raised Continental Resources from an in-line rating to an outperform rating and set a $60.00 price objective on the stock in a research report on Thursday. Zacks Investment Research raised Continental Resources from a hold rating to a buy rating and set a $49.00 target price on the stock in a research report on Wednesday, November 8th. Bank of America Corporation lifted their target price on Continental Resources from $46.00 to $53.00 and gave the stock a buy rating in a research report on Wednesday, November 8th. Morgan Stanley lifted their target price on Continental Resources from $51.00 to $56.00 and gave the stock an overweight rating in a research report on Wednesday, November 8th. Finally, KeyCorp reaffirmed a hold rating on shares of Continental Resources in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. Continental Resources currently has a consensus rating of Buy and an average target price of $47.31.
Continental Resources (NYSE CLR) opened at $46.69 on Thursday. 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 has a 52-week low of $29.08 and a 52-week high of $60.30. The company has a market capitalization of $17,518.50, a PE ratio of 1,167.25 and a beta of 1.40.
Continental Resources (NYSE:CLR) last released its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The company had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. During the same period last year, the company posted ($0.22) earnings per share. The firm’s revenue was up 38.1% compared to the same quarter last year. equities research analysts anticipate that Continental Resources will post 0.23 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Toronto Dominion Bank boosted its stake in Continental Resources by 244.1% in the third quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after acquiring an additional 2,810 shares during the period. Financial Architects Inc boosted its position in shares of Continental Resources by 870.0% during the second quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock worth $157,000 after buying an additional 4,350 shares during the period. Sii Investments Inc. WI acquired a new position in shares of Continental Resources during the third quarter worth approximately $200,000. Sei Investments Co. boosted its position in shares of Continental Resources by 131.7% during the third quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock worth $205,000 after buying an additional 3,009 shares during the period. Finally, Bridgecreek Investment Management LLC acquired a new position in shares of Continental Resources during the third quarter worth approximately $214,000. Institutional investors own 23.27% of the company’s stock.
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.
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