Continental Resources Inc (NYSE:CLR): Barclays Capital Reaffirms Overweight Rating Today, Has a Target of $42.00/Share

October 12, 2017 - By Henry Gaston

 Continental Resources Inc (NYSE:CLR): Barclays Capital Reaffirms Overweight Rating Today, Has a Target of $42.00/Share

Investors sentiment increased to 1.08 in Q2 2017. Its up 0.04, from 1.04 in 2017Q1. It improved, as 47 investors sold Continental Resources, Inc. shares while 95 reduced holdings. 41 funds opened positions while 112 raised stakes. 85.95 million shares or 2.26% more from 84.06 million shares in 2017Q1 were reported.

State Of Tennessee Treasury Department accumulated 273,632 shares or 0.04% of the stock. Walleye Trading Lc holds 303,058 shares. Moreover, Global X Mgmt Ltd Liability Corporation has 0% invested in Continental Resources, Inc. (NYSE:CLR). Tci Wealth holds 0% or 142 shares. Clinton Gru, a New York-based fund reported 8,253 shares. Capital Fund Management, a France-based fund reported 142,534 shares. Pnc Fin Grp accumulated 24,086 shares. Moreover, Korea Corporation has 0.01% invested in Continental Resources, Inc. (NYSE:CLR) for 40,500 shares. Fjarde Ap invested in 0.03% or 42,422 shares. Reaves W H And accumulated 0.24% or 203,450 shares. Commonwealth Equity Svcs has 0% invested in Continental Resources, Inc. (NYSE:CLR). Quantitative Mgmt Llc reported 0.04% in Continental Resources, Inc. (NYSE:CLR). 1,651 were reported by Nordea Investment Mgmt Ab. Manufacturers Life Insur The has invested 0% in Continental Resources, Inc. (NYSE:CLR). Bokf Na holds 0.01% or 12,143 shares.

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

Continental Resources Inc (NYSE:CLR) Rating Reaffirmed

Stock research analysts at Barclays Capital now has a $42.00 TP on Continental Resources Inc (NYSE:CLR). Barclays Capital and their recent TP gives a potential upside of 12.42 % from the company’s current price. The rating has been shown in analysts note on Wednesday morning.

Investors sentiment increased to 1.08 in Q2 2017. Its up 0.04, from 1.04 in 2017Q1. It improved, as 47 investors sold Continental Resources, Inc. shares while 95 reduced holdings. 41 funds opened positions while 112 raised stakes. 85.95 million shares or 2.26% more from 84.06 million shares in 2017Q1 were reported.

State Of Tennessee Treasury Department accumulated 273,632 shares or 0.04% of the stock. Walleye Trading Lc holds 303,058 shares. Moreover, Global X Mgmt Ltd Liability Corporation has 0% invested in Continental Resources, Inc. (NYSE:CLR). Tci Wealth holds 0% or 142 shares. Clinton Gru, a New York-based fund reported 8,253 shares. Capital Fund Management, a France-based fund reported 142,534 shares. Pnc Fin Grp accumulated 24,086 shares. Moreover, Korea Corporation has 0.01% invested in Continental Resources, Inc. (NYSE:CLR) for 40,500 shares. Fjarde Ap invested in 0.03% or 42,422 shares. Reaves W H And accumulated 0.24% or 203,450 shares. Commonwealth Equity Svcs has 0% invested in Continental Resources, Inc. (NYSE:CLR). Quantitative Mgmt Llc reported 0.04% in Continental Resources, Inc. (NYSE:CLR). 1,651 were reported by Nordea Investment Mgmt Ab. Manufacturers Life Insur The has invested 0% in Continental Resources, Inc. (NYSE:CLR). Bokf Na holds 0.01% or 12,143 shares.

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

Continental Resources, Inc. (NYSE:CLR) Ratings Coverage

Among 35 analysts covering Continental Resources Inc. (NYSE:CLR), 21 have Buy rating, 0 Sell and 14 Hold. Therefore 60% are positive. Continental Resources Inc. has $68.0 highest and $13.50 lowest target. $43.34’s average target is 16.38% above currents $37.24 stock price. Continental Resources Inc. had 108 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Continental Resources, Inc. (NYSE:CLR) has “Hold” rating given on Friday, September 15 by Cowen & Co. On Monday, May 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating given on Friday, April 21 by Barclays Capital. On Thursday, January 21 the stock rating was maintained by Nomura with “Buy”. On Friday, November 6 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Neutral” rating by Suntrust Robinson given on Tuesday, December 15. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, October 28. FBR Capital maintained Continental Resources, Inc. (NYSE:CLR) on Monday, May 1 with “Mkt Perform” rating. The firm earned “Buy” rating on Friday, August 25 by Stifel Nicolaus. As per Tuesday, October 6, the company rating was initiated by Stephens.

About 641,770 shares traded. Continental Resources, Inc. (NYSE:CLR) has risen 4.05% since October 12, 2016 and is uptrending. It has underperformed by 12.65% the S&P500.

Analysts await Continental Resources, Inc. (NYSE:CLR) to report earnings on November, 1. They expect $0.01 EPS, up 104.55 % or $0.23 from last year’s $-0.22 per share. CLR’s profit will be $3.86M for 933.00 P/E if the $0.01 EPS becomes a reality.

Continental Resources, Inc. is a crude oil and natural gas firm with properties in the North, South and East regions of the United States. The company has market cap of $14.37 billion. 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. It currently has negative earnings. The South region includes properties south of Nebraska and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province , Sooner Trend Anadarko Canadian Kingfisher (STACK), and Arkoma Woodford areas of Oklahoma.

More notable recent Continental Resources, Inc. (NYSE:CLR) news were published by: Seekingalpha.com which released: “Can Harold Hamm And Continental Resources Prove James Chanos Wrong” on October 08, 2017, also Reuters.com with their article: “Kynikos’ Chanos says he is shorting Continental Resources: CNBC” published on September 12, 2017, Seekingalpha.com published: “Continental Resources Can Generate Significant Positive Cash Flow” on September 15, 2017. More interesting news about Continental Resources, Inc. (NYSE:CLR) were released by: Seekingalpha.com and their article: “Is Jim Chanos wrong?” published on September 22, 2017 as well as Prnewswire.com‘s news article titled: “Continental Resources To Announce Third Quarter 2017 Results On Tuesday …” with publication date: October 05, 2017.

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