Continental Resources, Inc. (CLR) Rating Reiterated by Piper Jaffray Companies

Continental Resources, Inc. (NYSE:CLR)‘s stock had its “buy” rating reiterated by Piper Jaffray Companies in a note issued to investors on Friday. They presently have a $41.00 target price on the oil and natural gas company’s stock. Piper Jaffray Companies’ price objective suggests a potential upside of 12.18% from the company’s current price.

Several other analysts also recently issued reports on the company. Scotiabank reiterated a “buy” rating and issued a $52.00 price target on shares of Continental Resources in a report on Friday, June 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $46.00 price target on shares of Continental Resources in a report on Thursday, July 20th. Zacks Investment Research downgraded Continental Resources from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Barclays PLC reiterated a “buy” rating and issued a $34.00 price target on shares of Continental Resources in a report on Friday, July 7th. Finally, BidaskClub upgraded Continental Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. Continental Resources currently has a consensus rating of “Buy” and a consensus target price of $45.93.

Continental Resources (NYSE CLR) opened at 36.55 on Friday. The company has a 50-day moving average price of $35.77 and a 200-day moving average price of $37.24. Continental Resources has a 12-month low of $29.08 and a 12-month high of $60.30. The stock’s market capitalization is $13.56 billion.

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Several hedge funds have recently modified their holdings of CLR. FMR LLC lifted its holdings in Continental Resources by 16.5% in the second 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 during the last quarter. Vanguard Group Inc. lifted its holdings in Continental Resources by 26.4% in the second 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 during the last quarter. BlackRock Inc. lifted its holdings in Continental Resources by 4,992.6% in the first quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock worth $225,346,000 after acquiring an additional 4,863,974 shares during the last quarter. Bank of America Corp DE lifted its holdings in Continental Resources by 86.6% in the first quarter. Bank of America Corp DE now owns 3,497,989 shares of the oil and natural gas company’s stock worth $158,879,000 after acquiring an additional 1,623,470 shares during the last quarter. Finally, State Street Corp lifted its holdings in Continental Resources by 14.4% in the second 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 during the last quarter. 23.37% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Continental Resources (NYSE:CLR)

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