Continental Resources’ (CLR) “Hold” Rating Reiterated at Barclays

Continental Resources (NYSE:CLR)‘s stock had its “hold” rating restated by investment analysts at Barclays in a research note issued to investors on Monday.

CLR has been the topic of a number of other reports. Morgan Stanley boosted their price objective on shares of Continental Resources from $89.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, August 16th. Scotiabank reaffirmed a “buy” rating and set a $78.00 price objective on shares of Continental Resources in a research report on Thursday, September 27th. BMO Capital Markets downgraded shares of Continental Resources from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 9th. They noted that the move was a valuation call. Royal Bank of Canada set a $81.00 price objective on shares of Continental Resources and gave the company a “buy” rating in a research report on Thursday, September 20th. Finally, ValuEngine raised shares of Continental Resources from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Eleven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Continental Resources currently has an average rating of “Buy” and an average price target of $72.38.

Shares of Continental Resources stock traded down $3.17 during trading on Monday, hitting $50.37. The stock had a trading volume of 2,615,800 shares, compared to its average volume of 2,124,361. The company has a market cap of $20.13 billion, a P/E ratio of 98.76, a price-to-earnings-growth ratio of 1.32 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.89. Continental Resources has a 1 year low of $39.55 and a 1 year high of $71.95.



Continental Resources (NYSE:CLR) last released its earnings results on Monday, October 29th. The oil and natural gas company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.08. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.21 billion. Continental Resources had a net margin of 32.80% and a return on equity of 14.01%. The firm’s quarterly revenue was up 76.4% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. On average, analysts expect that Continental Resources will post 3.22 EPS for the current fiscal year.

In other Continental Resources news, SVP Gary E. Gould sold 5,000 shares of Continental Resources stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $67.00, for a total value of $335,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 76.83% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Moneta Group Investment Advisors LLC lifted its stake in Continental Resources by 4,924.0% in the second quarter. Moneta Group Investment Advisors LLC now owns 2,512 shares of the oil and natural gas company’s stock valued at $163,000 after acquiring an additional 2,462 shares during the last quarter. Asset Management Advisors LLC acquired a new stake in Continental Resources in the second quarter valued at approximately $201,000. Deprince Race & Zollo Inc. acquired a new stake in Continental Resources in the third quarter valued at approximately $205,000. Jaffetilchin Investment Partners LLC acquired a new stake in Continental Resources in the third quarter valued at approximately $212,000. Finally, Barings LLC acquired a new stake in Continental Resources in the second quarter valued at approximately $216,000. Hedge funds and other institutional investors own 22.49% of the company’s stock.

Continental Resources Company Profile

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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