Continental Resources (CLR) Stock Rating Reaffirmed by Guggenheim

Continental Resources (NYSE:CLR)‘s stock had its “buy” rating reaffirmed by stock analysts at Guggenheim in a research report issued on Thursday. They presently have a $66.00 price target on the oil and natural gas company’s stock. Guggenheim’s target price would suggest a potential upside of 40.63% from the stock’s previous close.

Several other research analysts also recently weighed in on CLR. Goldman Sachs Group reaffirmed a “buy” rating on shares of Continental Resources in a report on Wednesday, October 17th. Kepler Capital Markets reaffirmed a “buy” rating on shares of Continental Resources in a report on Tuesday, October 23rd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $82.00 target price on shares of Continental Resources in a report on Wednesday, October 24th. Wells Fargo & Co started coverage on shares of Continental Resources in a report on Wednesday, October 24th. They issued an “outperform” rating and a $78.00 target price for the company. Finally, Zacks Investment Research raised shares of Continental Resources from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $69.27.

Shares of Continental Resources stock opened at $46.93 on Thursday. The firm has a market capitalization of $16.98 billion, a P/E ratio of 92.02, a PEG ratio of 1.51 and a beta of 1.50. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 1.00. Continental Resources has a fifty-two week low of $35.54 and a fifty-two week high of $71.95.

Several large investors have recently made changes to their positions in CLR. Rational Advisors LLC lifted its holdings in shares of Continental Resources by 207.8% in the 4th quarter. Rational Advisors LLC now owns 674 shares of the oil and natural gas company’s stock valued at $27,000 after acquiring an additional 455 shares during the last quarter. Private Capital Group LLC lifted its holdings in shares of Continental Resources by 333.3% in the 4th quarter. Private Capital Group LLC now owns 832 shares of the oil and natural gas company’s stock valued at $33,000 after acquiring an additional 640 shares during the last quarter. Doyle Wealth Management bought a new position in shares of Continental Resources in the 4th quarter valued at about $42,000. NuWave Investment Management LLC lifted its holdings in shares of Continental Resources by 18.4% in the 4th quarter. NuWave Investment Management LLC now owns 1,663 shares of the oil and natural gas company’s stock valued at $67,000 after acquiring an additional 258 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Continental Resources in the 4th quarter valued at about $80,000. 21.31% of the stock is owned by hedge funds and other institutional investors.

About Continental Resources

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