Seaport Global Securities upgraded shares of Continental Resources (NYSE:CLR) from a sell rating to a neutral rating in a research report report published on Tuesday, Marketbeat Ratings reports. Seaport Global Securities also issued estimates for Continental Resources’ Q4 2017 earnings at $0.25 EPS, FY2017 earnings at $0.35 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.29 EPS and FY2018 earnings at $1.22 EPS.
Other research analysts have also recently issued research reports about the stock. Imperial Capital started coverage on shares of Continental Resources in a report on Tuesday, September 19th. They issued an in-line rating and a $41.00 target price for the company. Scotiabank lowered their target price on shares of Continental Resources from $14.00 to $13.50 and set an outperform rating for the company in a report on Friday, September 8th. Morgan Stanley upped their target price on shares of Continental Resources from $51.00 to $56.00 and gave the company an overweight rating in a report on Wednesday, November 8th. SunTrust Banks restated a buy rating and issued a $55.00 target price on shares of Continental Resources in a report on Friday, November 10th. Finally, Zacks Investment Research cut shares of Continental Resources from a buy rating to a hold rating in a report on Monday, November 13th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $47.65.
Continental Resources (NYSE CLR) opened at $51.25 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55. Continental Resources has a twelve month low of $29.08 and a twelve month high of $53.57. The company has a market cap of $18,614.11, a P/E ratio of 1,240.25 and a beta of 1.44.
In other news, Director Mark E. Monroe sold 20,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $47.90, for a total value of $958,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 76.87% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the business. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Continental Resources by 21.2% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 290,797 shares of the oil and natural gas company’s stock worth $11,228,000 after purchasing an additional 50,793 shares during the last quarter. GeoSphere Capital Management boosted its stake in shares of Continental Resources by 20.0% during the 3rd quarter. GeoSphere Capital Management now owns 60,000 shares of the oil and natural gas company’s stock worth $2,317,000 after purchasing an additional 10,000 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Continental Resources during the 3rd quarter worth about $304,000. California Public Employees Retirement System boosted its stake in shares of Continental Resources by 0.7% during the 3rd quarter. California Public Employees Retirement System now owns 234,268 shares of the oil and natural gas company’s stock worth $9,045,000 after purchasing an additional 1,568 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Continental Resources by 35.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock worth $187,000 after purchasing an additional 1,261 shares during the last quarter. 22.54% of the stock is currently owned by institutional investors.
About Continental Resources
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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