Scotiabank Lowers Continental Resources, Inc. (CLR) Price Target to $13.50

Continental Resources, Inc. (NYSE:CLR) had its target price lowered by Scotiabank from $14.00 to $13.50 in a report issued on Friday, September 8th. The brokerage currently has an outperform rating on the oil and natural gas company’s stock.

Several other equities research analysts also recently weighed in on the stock. Jefferies Group LLC set a $42.00 price target on shares of Continental Resources and gave the company a buy rating in a research note on Tuesday, August 29th. BMO Capital Markets set a $36.00 target price on shares of Continental Resources and gave the stock a buy rating in a research report on Monday, August 28th. Stifel Nicolaus set a $59.00 target price on shares of Continental Resources and gave the stock a buy rating in a research report on Friday, August 25th. BidaskClub raised shares of Continental Resources from a sell rating to a hold rating in a research report on Saturday, August 12th. Finally, Barclays PLC set a $37.00 target price on shares of Continental Resources and gave the stock an overweight rating in a research report on Thursday, August 10th. Two investment 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 an average rating of Buy and an average price target of $45.83.

Shares of Continental Resources (NYSE CLR) opened at 36.68 on Friday. Continental Resources has a 52-week low of $29.08 and a 52-week high of $60.30. The firm’s market capitalization is $13.61 billion. The company has a 50-day moving average price of $33.83 and a 200 day moving average price of $37.79.

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Large investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Continental Resources by 5.2% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 3,031 shares of the oil and natural gas company’s stock worth $138,000 after buying an additional 150 shares during the last quarter. KBC Group NV boosted its stake in shares of Continental Resources by 4.7% in the 1st quarter. KBC Group NV now owns 4,657 shares of the oil and natural gas company’s stock valued at $211,000 after purchasing an additional 207 shares in the last quarter. Financial Architects Inc boosted its stake in shares of Continental Resources by 870.0% in the 2nd quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock valued at $157,000 after purchasing an additional 4,350 shares in the last quarter. Sii Investments Inc. WI boosted its stake in shares of Continental Resources by 25.6% in the 1st quarter. Sii Investments Inc. WI now owns 5,150 shares of the oil and natural gas company’s stock valued at $235,000 after purchasing an additional 1,050 shares in the last quarter. Finally, First Financial Equity Corporation purchased a new stake in shares of Continental Resources in the 1st quarter valued at $241,000. 23.30% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Continental Resources (NYSE:CLR)

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