Cfra Reiterates “Hold” Rating for Continental Resources (CLR)

Continental Resources (NYSE:CLR)‘s stock had its “hold” rating reiterated by Cfra in a research note issued to investors on Friday.

A number of other equities analysts also recently weighed in on CLR. Seaport Global Securities reaffirmed a “neutral” rating on shares of Continental Resources in a research note on Wednesday, July 25th. DZ Bank reaffirmed a “hold” rating on shares of Continental Resources in a research note on Friday. UBS Group cut their price target on shares of Continental Resources from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Thursday, July 26th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Continental Resources in a research note on Friday. Finally, Citigroup cut their price target on shares of Continental Resources from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 25th. Eleven equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Continental Resources has an average rating of “Buy” and a consensus price target of $72.45.

NYSE:CLR opened at $50.73 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 1.00. The company has a market cap of $19.65 billion, a price-to-earnings ratio of 99.47, a P/E/G ratio of 1.34 and a beta of 1.46. Continental Resources has a fifty-two week low of $42.83 and a fifty-two week high of $71.95.

Continental Resources (NYSE:CLR) last posted its quarterly earnings results on Monday, October 29th. The oil and natural gas company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.08. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.21 billion. Continental Resources had a net margin of 35.43% and a return on equity of 18.48%. Continental Resources’s revenue was up 76.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. On average, equities analysts predict that Continental Resources will post 3.25 earnings per share for the current fiscal year.

In other news, SVP Gary E. Gould sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $67.00, for a total value of $335,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 76.83% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its holdings in Continental Resources by 6.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 15,559 shares of the oil and natural gas company’s stock valued at $918,000 after purchasing an additional 899 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Continental Resources by 3.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 25,999 shares of the oil and natural gas company’s stock valued at $1,775,000 after purchasing an additional 978 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in Continental Resources by 26.4% during the 3rd quarter. IFM Investors Pty Ltd now owns 4,788 shares of the oil and natural gas company’s stock valued at $327,000 after purchasing an additional 1,000 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Continental Resources by 49.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,800 shares of the oil and natural gas company’s stock valued at $246,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Continental Resources by 1.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 76,605 shares of the oil and natural gas company’s stock valued at $5,231,000 after purchasing an additional 1,429 shares in the last quarter. 22.43% of the stock is owned by institutional investors and hedge funds.

Continental Resources Company Profile

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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