Continental Resources (CLR) Upgraded at ValuEngine

ValuEngine upgraded shares of Continental Resources (NYSE:CLR) from a sell rating to a hold rating in a research note released on Friday.

A number of other brokerages also recently commented on CLR. BidaskClub raised shares of Continental Resources from a sell rating to a hold rating in a research note on Saturday, August 12th. Barclays set a $37.00 target price on shares of Continental Resources and gave the company an overweight rating in a research note on Thursday, August 10th. Imperial Capital raised shares of Continental Resources from an in-line rating to an outperform rating and set a $60.00 target price on the stock in a research note on Thursday, November 9th. TheStreet raised shares of Continental Resources from a d+ rating to a c rating in a research note on Friday, November 17th. Finally, Zacks Investment Research raised shares of Continental Resources from a hold rating to a buy rating and set a $51.00 target price on the stock in a research note on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $46.69.

Continental Resources (CLR) opened at $47.81 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.85 and a current ratio of 0.94. The firm has a market cap of $18,186.38, a P/E ratio of 1,211.75 and a beta of 1.44. Continental Resources has a one year low of $29.08 and a one year high of $58.50.

Continental Resources (NYSE:CLR) last posted 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 Zacks’ 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 negative net margin of 0.95% and a positive return on equity of 0.23%. Continental Resources’s revenue was up 38.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.22) earnings per share. equities analysts expect that Continental Resources will post 0.29 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. FMR LLC grew its holdings in Continental Resources by 16.5% during the 2nd quarter. FMR LLC now owns 13,208,383 shares of the oil and natural gas company’s stock worth $427,027,000 after acquiring an additional 1,875,103 shares in the last quarter. Vanguard Group Inc. grew its holdings in Continental Resources by 26.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,149,867 shares of the oil and natural gas company’s stock worth $263,485,000 after acquiring an additional 1,703,303 shares in the last quarter. State Street Corp grew its holdings in Continental Resources by 14.4% during the 2nd quarter. State Street Corp now owns 3,200,659 shares of the oil and natural gas company’s stock worth $103,474,000 after acquiring an additional 403,667 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Continental Resources by 474.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,892,600 shares of the oil and natural gas company’s stock worth $93,518,000 after acquiring an additional 2,389,400 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its holdings in Continental Resources by 208.2% during the 2nd quarter. Balyasny Asset Management LLC now owns 2,384,953 shares of the oil and natural gas company’s stock worth $77,106,000 after acquiring an additional 1,611,003 shares in the last quarter. 22.59% of the stock is owned by institutional investors.

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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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