Continental Resources (NYSE:CLR) Sees Coverage Initiated By MKM Partners with a $38 Price

Continental Resources, Inc. (NYSE:CLR) Logo

Investors sentiment increased to 1.07 in 2018 Q2. Its up 0.08, from 0.99 in 2018Q1. It increased, as 40 investors sold Continental Resources, Inc. shares while 107 reduced holdings. 61 funds opened positions while 97 raised stakes. 82.45 million shares or 0.04% less from 82.48 million shares in 2018Q1 were reported.

Aviva Public Ltd Com has 44,413 shares. First Manhattan reported 0% stake. C M Bidwell Associate holds 0.24% or 4,025 shares. Raymond James And holds 0.05% of its portfolio in Continental Resources, Inc. (NYSE:CLR) for 482,023 shares. Tci Wealth Advisors holds 142 shares. Gideon Cap Advsrs has 0.22% invested in Continental Resources, Inc. (NYSE:CLR). Raymond James Svcs Inc invested in 0.1% or 302,010 shares. Adams Natural Res Fund Inc holds 0.36% or 37,700 shares in its portfolio. 33,923 were accumulated by Us Bancorp De. 96 were reported by Archford Strategies Ltd Limited Liability Company. Advisory Svcs Ntwk Ltd Llc has invested 0% in Continental Resources, Inc. (NYSE:CLR). Parkwood Ltd Com, Ohio-based fund reported 8,396 shares. Confluence Investment Limited Liability Com invested in 4,639 shares or 0.01% of the stock. Lucas Cap Mgmt holds 3,500 shares or 0.21% of its portfolio. Kepos Cap L P accumulated 101,531 shares or 0.34% of the stock.

Since September 25, 2018, it had 0 insider purchases, and 1 sale for $335,000 activity.

Why Has MKM Partners Given Continental Resources (NYSE:CLR) a $38 Price Target

MKM Partners analyst has begun coverage on Continental Resources (NYSE:CLR) with a $38 PT and Buy rating. The PT indicates a potential downside of -17.59 % from company’s last stock price.

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

Among 14 analysts covering Continental Resources (NYSE:CLR), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Continental Resources has $92 highest and $63 lowest target. $74.64’s average target is 61.87% above currents $46.11 stock price. Continental Resources had 21 analyst reports since June 11, 2018 according to SRatingsIntel. The firm earned “Overweight” rating on Friday, September 28 by PiperJaffray. As per Sunday, November 25, the company rating was maintained by Stifel Nicolaus. Morgan Stanley maintained Continental Resources, Inc. (NYSE:CLR) rating on Tuesday, November 20. Morgan Stanley has “Overweight” rating and $63 target. On Thursday, November 15 the stock rating was maintained by Barclays Capital with “Overweight”. The rating was maintained by FBR Capital with “Buy” on Monday, June 11. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Neutral” rating by UBS on Thursday, July 26. As per Thursday, July 12, the company rating was maintained by Morgan Stanley. Wells Fargo maintained Continental Resources, Inc. (NYSE:CLR) on Wednesday, October 24 with “Outperform” rating. The stock has “Overweight” rating by Morgan Stanley on Friday, October 12. The company was maintained on Monday, August 13 by Bank of America.

The stock decreased 3.23% or $1.54 during the last trading session, reaching $46.11. About 4.02M shares traded or 62.72% up from the average. Continental Resources, Inc. (NYSE:CLR) has risen 75.85% since December 7, 2017 and is uptrending. It has outperformed by 60.23% the S&P500.

Analysts await Continental Resources, Inc. (NYSE:CLR) to report earnings on February, 20. They expect $0.84 earnings per share, up 104.88 % or $0.43 from last year’s $0.41 per share. CLR’s profit will be $312.46 million for 13.72 P/E if the $0.84 EPS becomes a reality. After $0.90 actual earnings per share reported by Continental Resources, Inc. for the previous quarter, Wall Street now forecasts -6.67 % negative EPS growth.

Continental Resources, Inc. explores for, develops, and produces natural gas and crude oil properties in the north, south, and east regions of the United States. The company has market cap of $17.15 billion. The firm sells its natural gas and crude oil production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. It has a 10.64 P/E ratio. As of December 31, 2016, its estimated proved reserves were 1,275 million barrels of crude oil equivalent with estimated proved developed reserves of 519 MMBoe.

More news for Continental Resources, Inc. (NYSE:CLR) were recently published by: 247Wallst.com, which released: “OPEC Likely to Cut Production: 4 Stocks to Buy – 24/7 Wall St.” on December 06, 2018. Seekingalpha.com‘s article titled: “Continental’s Top Tier Acreage Will Not Last Forever – Seeking Alpha” and published on November 28, 2018 is yet another important article.

Continental Resources, Inc. (NYSE:CLR) Institutional Positions Chart

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