Economy

Barclays PLC Increases Continental Resources, Inc. (CLR) Price Target to $42.00

Barclays PLC Increases Continental Resources, Inc. (CLR) Price Target to $42.00”

BMO Capital Markets maintained the shares of CLR in report on Sunday, August 27 with "Buy" rating. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Cowen & Co maintained the shares of CLR in report on Friday, September 15 with "Hold" rating. Continental Resources presently has a consensus rating of "Buy" and a consensus price target of $46.18. The firm has "Outperform" rating given on Tuesday, August 16 by Wells Fargo. The stock of Davita Inc (NYSE:DVA) earned "Hold" rating by RBC Capital Markets on Monday, June 26. New York-based First Manhattan has invested 0% in Continental Resources, Inc. Next quarter's EPS is forecasted at $0.11 and the next full year EPS is projected to be $0.56. About 1.57M shares traded. It has outperformed by 40.70% the S&P500.

In looking at where the stock is trading on a technical level, the stock is trading +7.07% away from its 50 day moving average of $94.11. Continental Resources, Inc. (NYSE:CLR) has risen 4.05% since October 10, 2016 and is uptrending. Davita Inc (NYSE:DVA) has declined 16.51% since October 11, 2016 and is downtrending. It has underperformed by 12.65% the S&P500.

Investors sentiment increased to 1.08 in 2017 Q2. On Oct. 9, 2017 CLR saw a modest increase, closing the day at $36.55, or a increase of $0.45 or (1.23%). Sold All: 47 Reduced: 95 Increased: 112 New Position: 41.

05/11/2017 - Continental Resources, Inc. had its "buy" rating reiterated by analysts at Bank of America Merrill Lynch. (NYSE:CLR). Franklin Res reported 8,000 shares or 0% of all its holdings. 144.60 million shares or 1.11% more from 143.00 million shares in 2017Q1 were reported. The Georgia-based Voya Inv Ltd Limited Liability Company has invested 0% in Continental Resources, Inc. (NYSE:CLR), 21 have Buy rating, 0 Sell and 14 Hold. Sg Americas Secs Ltd Co holds 0.01% or 23,448 shares in its portfolio. The Firm holds interest in companies, which it refers to as partner companies. The number of shares now owned by investors are 235.09 mln. FMR LLC now owns 13,208,383 shares of the oil and natural gas company's stock valued at $427,027,000 after purchasing an additional 1,875,103 shares during the period. Brown Advisory, a Maryland-based fund reported 17,123 shares.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. On the opposite side of that transaction from Geode Capital Management, Llc stood Vanguard Group Inc which added 333 shares to its existing stake, bringing total stake held in CLR to 18790 shares. 157.19 million shares or 0.09% more from 157.04 million shares in 2017Q1 were reported. State Street Corp reported 4.53 million shares or 0.01% of all its holdings. Blue Jay Capital Management Llc sold 205,000 shares as Ironwood Pharmaceuticals Inc (IRWD)'s stock rose 3.03%.

Continental Resources, Inc is a crude oil and natural gas company with properties in the North, South and East regions of the United States. Diamondback Energy, Inc. - Comm has a market cap of 9.89B and has seen an average daily volume of 1246690 over the past three months. 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.

Currently, Wall Street is projecting that the firm will post $N/A earnings per share. The South region includes properties south of Nebraska and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province (SCOOP), Sooner Trend Anadarko Canadian Kingfisher (STACK), and Arkoma Woodford areas of Oklahoma.

Since May 12, 2017, it had 2 buys, and 0 insider sales for $3.72 million activity.

03/07/2017 - Continental Resources, Inc. had its "hold" rating reiterated by analysts at Deutsche Bank. (NYSE:CLR) for 85,433 shares. The company has market cap of $2.37 billion. Therefore 60% are positive. DaVita had 22 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with "Buy" on Wednesday, July 19. The firm has "Outperform" rating by Wedbush given on Friday, February 19. The company was initiated on Tuesday, December 15 by Suntrust Robinson. As per Thursday, August 25, the company rating was maintained by Nomura. The rating was upgraded by Wunderlich to "Buy" on Friday, November 6. The stock has "Buy" rating by Stifel Nicolaus on Thursday, July 13.

05/08/2017 - Continental Resources, Inc. had its "buy" rating reiterated by analysts at KLR Group. The stock of Apricus Biosciences Inc (NASDAQ:APRI) earned "Neutral" rating by Roth Capital on Friday, November 6.



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