Quantitative Systematic Strategies LLC purchased a new stake in shares of Continental Resources, Inc. (NYSE:CLR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,707 shares of the oil and natural gas company’s stock, valued at approximately $259,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its stake in shares of Continental Resources by 1.4% in the first quarter. Ameriprise Financial Inc. now owns 39,294 shares of the oil and natural gas company’s stock worth $1,785,000 after purchasing an additional 533 shares during the period. Stifel Financial Corp increased its stake in shares of Continental Resources by 5.9% in the first quarter. Stifel Financial Corp now owns 6,239 shares of the oil and natural gas company’s stock worth $284,000 after purchasing an additional 350 shares during the period. MARSHALL WACE ASIA Ltd bought a new position in Continental Resources during the first quarter valued at about $1,115,000. Marshall Wace North America L.P. bought a new stake in shares of Continental Resources in the 1st quarter valued at approximately $1,115,000. Finally, Vanguard Group Inc. grew its stake in shares of Continental Resources by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 6,446,564 shares of the oil and natural gas company’s stock valued at $292,802,000 after purchasing an additional 188,171 shares during the period. 23.23% of the stock is owned by hedge funds and other institutional investors.
Continental Resources, Inc. (NYSE:CLR) traded up $0.37 during trading hours on Friday, hitting $46.69. 2,854,600 shares of the stock traded hands, compared to its average volume of 2,865,865. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.76 and a current ratio of 0.94. Continental Resources, Inc. has a 12-month low of $29.08 and a 12-month high of $60.30. The stock has a market cap of $17,379.68, a PE ratio of 1,158.00 and a beta of 1.40.
Continental Resources (NYSE:CLR) last issued its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.05. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. The business had revenue of $726.74 million for the quarter, compared to the consensus estimate of $710.77 million. During the same quarter in the previous year, the firm earned ($0.22) earnings per share. The company’s revenue for the quarter was up 38.1% on a year-over-year basis. equities research analysts expect that Continental Resources, Inc. will post 0.21 earnings per share for the current fiscal year.
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A number of research firms recently commented on CLR. Royal Bank of Canada restated a “buy” rating and issued a $46.00 price objective on shares of Continental Resources in a research report on Thursday, July 20th. Cowen and Company set a $35.00 price objective on shares of Continental Resources and gave the stock a “hold” rating in a research note on Tuesday, July 18th. 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 research note on Wednesday. Piper Jaffray Companies reiterated a “buy” rating and issued a $41.00 target price on shares of Continental Resources in a research note on Friday, October 6th. Finally, Bank of America Corporation raised their price objective on shares of Continental Resources from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $47.31.
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.
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