Continental Resources (NYSE:CLR)‘s stock had its “buy” rating restated by stock analysts at Piper Jaffray Companies in a report released on Monday. They currently have a $69.00 target price on the oil and natural gas company’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 54.88% from the stock’s current price.

Several other analysts have also recently weighed in on CLR. KLR Group upgraded Continental Resources from a “hold” rating to a “buy” rating and boosted their price target for the stock from $67.00 to $78.00 in a report on Tuesday, July 24th. Citigroup reduced their price target on Continental Resources from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, July 25th. Zacks Investment Research cut Continental Resources from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. UBS Group reduced their price target on Continental Resources from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Thursday, July 26th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Continental Resources in a report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $71.34.

NYSE:CLR opened at $44.55 on Monday. The stock has a market cap of $17.76 billion, a PE ratio of 17.36, a PEG ratio of 1.22 and a beta of 1.46. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 1.00. Continental Resources has a 1-year low of $43.76 and a 1-year high of $71.95.

Continental Resources (NYSE:CLR) last released its quarterly earnings results on Monday, October 29th. The oil and natural gas company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.08. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Continental Resources had a return on equity of 18.48% and a net margin of 35.43%. The business’s quarterly revenue was up 76.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 earnings per share. As a group, sell-side analysts anticipate that Continental Resources will post 3.22 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 that occurred on Tuesday, September 25th. The stock was sold at an average price of $67.00, for a total value of $335,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 76.83% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CLR. Moneta Group Investment Advisors LLC lifted its stake in Continental Resources by 4,924.0% in the second quarter. Moneta Group Investment Advisors LLC now owns 2,512 shares of the oil and natural gas company’s stock valued at $163,000 after buying an additional 2,462 shares during the period. Focused Wealth Management Inc acquired a new position in Continental Resources in the third quarter valued at approximately $171,000. Asset Management Advisors LLC acquired a new position in Continental Resources in the second quarter valued at approximately $201,000. Deprince Race & Zollo Inc. acquired a new position in Continental Resources in the third quarter valued at approximately $205,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in Continental Resources in the third quarter valued at approximately $212,000. 22.72% of the stock is currently owned by hedge funds and other institutional investors.

Continental Resources Company Profile

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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Analyst Recommendations for Continental Resources (NYSE:CLR)

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