Continental Resources (NYSE: CLR – Get an Assessment) received a price target of $78.00 from Credit Suisse Group analysts in a report on Monday, Stock Target Advisor reports. Credit Suisse Group’s target price suggests a potential upside of 18.49% from the company’s current price.

A number of other brokerages have also recently commented on CLR. Morgan Stanley cut its price target on Continental Resources from $70.00 to $69.00 and set an “underweight” rating on the stock in a Monday, June 6 research note. Piper Sandler cut her price target on Continental Resources to $76.00 and gave the stock an “na” rating in a Wednesday, May 18 research note. Susquehanna Bancshares raised its price target on Continental Resources from $61.00 to $66.00 in a Monday, April 25 research note. Mizuho raised its price target on Continental Resources from $59.00 to $72.00 and gave the stock a “neutral” rating in a Thursday, March 31 research note. Finally, Wells Fargo & Company downgraded Continental Resources from an “overweight” rating to an “equal weight” rating and set a price target of $82.00 for the stock. in a research note from Wednesday, June 15. Two analysts gave the stock a sell rating, eight gave the company a hold rating and seven gave the company a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $68.85.

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CLR stock traded at $3.67 during Monday’s trading, hitting $65.83. 197,753 shares of shares traded in hands, compared to its average volume of 2,006,948. The company’s 50-day moving average price is $63.34 and its 200-day moving average price is 56, $90. Continental Resources has a 52-week low of $31.40 and a 52-week high of $75.49. The company has a debt ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.88. The company has a market capitalization of $23.89 billion, a PE ratio of 11.99, a P/E/G ratio of 0.15 and a beta of 2.75.

Continental Resources (NYSE:CLR – Get Rating) last released quarterly earnings data on Wednesday, May 4. The oil and gas company reported EPS of $2.65 for the quarter, beating analyst consensus estimates of $2.41 by $0.24. The company posted revenue of $1.82 billion for the quarter, versus $2.16 billion expected by analysts. Continental Resources had a return on equity of 31.43% and a net margin of 31.63%. The company’s quarterly revenue increased 49.4% year over year. In the same quarter a year earlier, the company posted earnings per share of $0.77. On average, equity research analysts expect Continental Resources to post earnings per share of 12.19 for the current year.

Separately, Chairman Jack H. Stark sold 25,000 shares in a trade on Wednesday, March 23. The stock was sold at an average price of $63.68, for a total transaction of $1,592,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Insiders of the company hold 58.57% of the shares of the company.

Institutional investors and hedge funds have recently increased or reduced their stake in the company. Symmetry Partners LLC increased its holdings of Continental Resources shares by 9.0% in the fourth quarter. Symmetry Partners LLC now owns 26,136 shares of the oil and gas company valued at $1,170,000 after buying 2,157 additional shares last quarter. UBS Group AG increased its equity stake in Continental Resources by 13.2% in the third quarter. UBS Group AG now owns 301,882 shares of the oil and gas company valued at $13,932,000 after buying an additional 35,242 shares last quarter. BNP Paribas Arbitrage SA increased its stake in Continental Resources shares by 916.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 61,828 shares in the oil and gas company valued at $2,767,000 after buying an additional 55,745 shares last quarter. Moors & Cabot Inc. bought a new stake in Continental Resources stock in the third quarter worth $272,000. Finally, LSV Asset Management increased its stake in Continental Resources shares by 46.2% in the fourth quarter. LSV Asset Management now owns 70,600 shares of the oil and gas company valued at $3,160,000 after buying an additional 22,300 shares last quarter. Institutional investors hold 13.41% of the company’s shares.

About Continental Resources (Get an assessment)

Continental Resources, Inc explores, develops, produces and manages crude oil, natural gas and related products primarily in the northern, southern and eastern 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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