Continental Resources (NYSE:CLR) had its price target increased by analysts at Barclays from $19.00 to $21.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm presently has an “equal weight” rating on the oil and natural gas company’s stock. Barclays‘s target price would indicate a potential upside of 6.11% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. TD Securities increased their target price on Continental Resources from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Friday, November 6th. Mizuho upgraded Continental Resources from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $8.00 to $23.00 in a research note on Tuesday. Morgan Stanley decreased their price target on Continental Resources from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Tuesday, November 17th. TheStreet lowered shares of Continental Resources from a “c-” rating to a “d+” rating in a report on Tuesday, September 29th. Finally, Bank of America upgraded Continental Resources from a “neutral” rating to a “buy” rating in a report on Wednesday, January 6th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $18.37.

Shares of CLR traded up $0.40 during mid-day trading on Thursday, reaching $19.79. 59,725 shares of the stock traded hands, compared to its average volume of 3,219,298. The company has a market cap of $7.23 billion, a price-to-earnings ratio of -23.40 and a beta of 3.37. Continental Resources has a 1 year low of $6.90 and a 1 year high of $34.60. The firm has a fifty day moving average price of $17.58 and a 200 day moving average price of $15.82. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 0.87.

Continental Resources (NYSE:CLR) last announced its earnings results on Thursday, November 5th. The oil and natural gas company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. Continental Resources had a negative return on equity of 2.05% and a negative net margin of 10.54%. The business had revenue of $692.37 million for the quarter, compared to analyst estimates of $626.17 million. During the same period in the prior year, the company earned $0.54 EPS. The company’s quarterly revenue was down 37.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Continental Resources will post -1.01 EPS for the current year.

In other Continental Resources news, Director Timothy Garth Taylor purchased 5,917 shares of the company’s stock in a transaction dated Monday, December 28th. The shares were bought at an average price of $17.00 per share, with a total value of $100,589.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 79.60% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Freestone Capital Holdings LLC purchased a new stake in shares of Continental Resources in the third quarter worth approximately $31,000. Harbor Investment Advisory LLC raised its position in Continental Resources by 98.6% during the third quarter. Harbor Investment Advisory LLC now owns 2,636 shares of the oil and natural gas company’s stock valued at $32,000 after purchasing an additional 1,309 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Continental Resources in the second quarter worth about $35,000. Meeder Asset Management Inc. increased its holdings in Continental Resources by 15.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 6,246 shares of the oil and natural gas company’s stock valued at $77,000 after purchasing an additional 834 shares during the period. Finally, Sowell Financial Services LLC increased its holdings in Continental Resources by 403.6% during the 4th quarter. Sowell Financial Services LLC now owns 7,151 shares of the oil and natural gas company’s stock valued at $117,000 after purchasing an additional 5,731 shares during the period. Hedge funds and other institutional investors own 14.81% of the company’s stock.

Continental Resources Company Profile

Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties primarily 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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