Stifel Nicolaus Analysts Give Continental Resources, Inc. (CLR) a $68.00 Price Target

Continental Resources, Inc. (NYSE:CLR) has been assigned a $68.00 target price by research analysts at Stifel Nicolaus in a report issued on Thursday, October 5th. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 81.72% from the stock’s current price.

CLR has been the subject of a number of other reports. BidaskClub upgraded Continental Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded Continental Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Citigroup Inc. dropped their price objective on Continental Resources from $60.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Seaport Global Securities lowered Continental Resources from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $57.00 to $20.00 in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $46.00 price objective on shares of Continental Resources in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $46.30.

Continental Resources (NYSE CLR) opened at 37.42 on Thursday. The firm’s market capitalization is $13.89 billion. Continental Resources has a one year low of $29.08 and a one year high of $60.30. The stock has a 50 day moving average of $36.44 and a 200 day moving average of $36.93.

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A number of large investors have recently made changes to their positions in CLR. BlackRock Inc. boosted its holdings in Continental Resources by 4,992.6% in the first quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock worth $225,346,000 after acquiring an additional 4,863,974 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Continental Resources by 474.8% in 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 during the last quarter. FMR LLC raised its stake in shares of Continental Resources by 16.5% in 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 during the last quarter. Vanguard Group Inc. raised its stake in shares of Continental Resources by 26.4% in 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 during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Continental Resources by 86.6% during the first quarter. Bank of America Corp DE now owns 3,497,989 shares of the oil and natural gas company’s stock valued at $158,879,000 after acquiring an additional 1,623,470 shares during the last quarter. Institutional investors and hedge funds own 23.38% of the company’s stock.

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)

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