Continental Resources, Inc. (NYSE:CLR)’s share price hit a new 52-week low on Tuesday . The company traded as low as $43.76 and last traded at $44.73, with a volume of 136076 shares changing hands. The stock had previously closed at $47.22.

A number of brokerages have weighed in on CLR. Morgan Stanley set a $63.00 target price on shares of Continental Resources and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Continental Resources from a “buy” rating to a “hold” rating in a research note on Tuesday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $69.00 target price on shares of Continental Resources in a research note on Monday. TheStreet downgraded shares of Continental Resources from a “b-” rating to a “c+” rating in a research report on Wednesday, November 14th. Finally, Credit Suisse Group reissued a “hold” rating on shares of Continental Resources in a research report on Thursday, November 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $71.34.

The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.85 and a current ratio of 0.92. The company has a market cap of $18.05 billion, a price-to-earnings ratio of 87.35, a price-to-earnings-growth ratio of 1.23 and a beta of 1.46.

Continental Resources (NYSE:CLR) last announced its quarterly earnings results on Monday, October 29th. The oil and natural gas company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.82 by $0.08. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Continental Resources had a net margin of 35.43% and a return on equity of 18.48%. The business’s quarterly revenue was up 76.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. On average, analysts forecast that Continental Resources, Inc. will post 3.25 earnings per share for the current year.

In other Continental Resources news, SVP Gary E. Gould sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $67.00, for a total value of $335,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 76.83% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Continental Resources by 3.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 25,999 shares of the oil and natural gas company’s stock worth $1,775,000 after buying an additional 978 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Continental Resources by 26.4% in the 3rd quarter. IFM Investors Pty Ltd now owns 4,788 shares of the oil and natural gas company’s stock worth $327,000 after buying an additional 1,000 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Continental Resources by 49.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,800 shares of the oil and natural gas company’s stock worth $246,000 after buying an additional 1,250 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Continental Resources by 1.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 76,605 shares of the oil and natural gas company’s stock worth $5,231,000 after buying an additional 1,429 shares during the last quarter. Finally, Sit Investment Associates Inc. increased its holdings in shares of Continental Resources by 3.5% in the 2nd quarter. Sit Investment Associates Inc. now owns 44,885 shares of the oil and natural gas company’s stock worth $2,907,000 after buying an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 22.72% of the company’s stock.

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About Continental Resources (NYSE:CLR)

Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.

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