Continental Resources (NYSE:CLR) Price Target Raised to $11.00 at BMO Capital Markets

Continental Resources (NYSE:CLR) had its target price upped by equities research analysts at BMO Capital Markets from $8.00 to $11.00 in a note issued to investors on Monday, November 13th. BMO Capital Markets’ price objective suggests a potential downside of 77.31% from the stock’s current price.

A number of other equities research analysts also recently issued reports on CLR. SunTrust Banks restated a “buy” rating and issued a $55.00 target price on shares of Continental Resources in a report on Friday, November 10th. Scotiabank lowered their target price on shares of Continental Resources from $12.50 to $11.50 and set an “outperform” rating for the company in a report on Friday, November 10th. Royal Bank Of Canada boosted their target price on shares of Continental Resources from $48.00 to $51.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Imperial Capital upgraded shares of Continental Resources from an “in-line” rating to an “outperform” rating and set a $60.00 target price for the company in a report on Thursday, November 9th. Finally, Zacks Investment Research upgraded shares of Continental Resources from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the company’s stock. Continental Resources currently has an average rating of “Buy” and an average price target of $46.69.

Continental Resources (NYSE CLR) traded up $1.14 during trading hours on Monday, reaching $48.47. 2,267,087 shares of the company’s stock traded hands, compared to its average volume of 2,759,634. The stock has a market cap of $17,762.35, a P/E ratio of 1,183.50 and a beta of 1.44. Continental Resources has a 52-week low of $29.08 and a 52-week high of $58.50. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.94 and a quick ratio of 0.85.

Continental Resources (NYSE:CLR) last issued its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $726.74 million during the quarter, compared to the consensus estimate of $710.77 million. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. The company’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.22) earnings per share. sell-side analysts predict that Continental Resources will post 0.29 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of CLR. Renaissance Technologies LLC lifted its position in shares of Continental Resources by 474.8% during the second quarter. Renaissance Technologies LLC now owns 2,892,600 shares of the oil and natural gas company’s stock worth $93,518,000 after purchasing an additional 2,389,400 shares in the last quarter. FMR LLC lifted its position in shares of Continental Resources by 16.5% during 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 purchasing an additional 1,875,103 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Continental Resources by 26.4% during 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 purchasing an additional 1,703,303 shares in the last quarter. Balyasny Asset Management LLC raised its holdings in Continental Resources by 208.2% in the second quarter. Balyasny Asset Management LLC now owns 2,384,953 shares of the oil and natural gas company’s stock valued at $77,106,000 after acquiring an additional 1,611,003 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in Continental Resources in the third quarter valued at $52,973,000. 22.61% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Continental Resources (NYSE:CLR) Price Target Raised to $11.00 at BMO Capital Markets” was first published by BBNS and is the property of of BBNS. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://baseballnewssource.com/markets/continental-resources-inc-clr-price-target-raised-to-11-00-at-bmo-capital-markets/1781664.html.

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)

Receive News & Ratings for Continental Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Resources Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.