Continental Resources, Inc. (NYSE:CLR) has earned an average rating of “Buy” from the thirty-one research firms that are currently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $57.56.
Several analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of Continental Resources to $65.00 and gave the stock an “outperform” rating in a research note on Friday. Robert W. Baird set a $60.00 price objective on shares of Continental Resources and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and set a $69.00 price objective (down from $71.00) on shares of Continental Resources in a research note on Friday. B. Riley set a $78.00 price objective on shares of Continental Resources and gave the stock a “buy” rating in a research note on Friday. Finally, Deutsche Bank assumed coverage on shares of Continental Resources in a research note on Thursday, February 1st. They set a “buy” rating and a $70.00 price objective on the stock.
In related news, SVP Gary E. Gould sold 9,874 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $50.85, for a total value of $502,092.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark E. Monroe sold 20,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $47.90, for a total transaction of $958,000.00. The disclosure for this sale can be found here. Insiders have sold 52,874 shares of company stock worth $2,603,673 over the last three months. 76.87% of the stock is owned by insiders.
Shares of Continental Resources (NYSE CLR) traded down $0.44 during trading on Tuesday, reaching $53.33. 4,444,757 shares of the company’s stock traded hands, compared to its average volume of 2,430,000. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.94 and a quick ratio of 0.85. The company has a market capitalization of $20,010.00, a PE ratio of -761.86 and a beta of 1.36. Continental Resources has a 1 year low of $29.08 and a 1 year high of $58.89.
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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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