Continental Resources (NYSE:CLR)‘s stock had its “hold” rating reaffirmed by analysts at Cfra in a research report issued on Friday.

CLR has been the topic of several other reports. 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. 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. KLR Group reiterated a “buy” rating and issued a $78.00 price objective on shares of Continental Resources in a research report on Monday, August 20th. Seaport Global Securities reiterated a “neutral” rating on shares of Continental Resources in a research report on Wednesday, July 25th. Finally, Jefferies Financial Group set a $83.00 price objective on shares of Continental Resources and gave the company a “buy” rating in a research report on Friday, July 13th. Eleven investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $72.45.

NYSE CLR opened at $50.73 on Friday. Continental Resources has a one year low of $42.83 and a one year high of $71.95. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $19.65 billion, a PE ratio of 99.47, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46.

Continental Resources (NYSE:CLR) last posted its quarterly earnings results on Monday, October 29th. The oil and natural gas company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.08. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.21 billion. Continental Resources had a net margin of 35.43% and a return on equity of 18.48%. The company’s quarterly revenue was up 76.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. Equities analysts forecast that Continental Resources will post 3.25 EPS for the current year.

In other Continental Resources news, SVP Gary E. Gould sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $67.00, for a total transaction of $335,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 76.83% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in CLR. Moneta Group Investment Advisors LLC raised its position in shares of Continental Resources by 4,924.0% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 2,512 shares of the oil and natural gas company’s stock worth $163,000 after buying an additional 2,462 shares in the last quarter. Asset Management Advisors LLC bought a new stake in shares of Continental Resources during the 2nd quarter worth about $201,000. Deprince Race & Zollo Inc. bought a new stake in shares of Continental Resources during the 3rd quarter worth about $205,000. Jaffetilchin Investment Partners LLC bought a new stake in shares of Continental Resources during the 3rd quarter worth about $212,000. Finally, Barings LLC bought a new stake in shares of Continental Resources during the 2nd quarter worth about $216,000. Institutional investors own 22.43% of the company’s stock.

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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