Impact of Brokerage Rating on Continental Resources, Inc.(CLR)

Many Continental Resources, Inc.(CLR) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Continental Resources was Upgraded by KLR Group to Buy on Jan 31, 2017. Continental Resources was Upgraded by Jefferies to Buy on Jan 17, 2017. Continental Resources was Initiated by FBR & Co. on Dec 19, 2016 to Mkt Perform, Price Target of the shares are set at $56.Continental Resources was Downgraded by JP Morgan to Neutral on Dec 8, 2016. Continental Resources was Downgraded by Deutsche Bank on Dec 8, 2016 to Hold, Price Target of the shares are set at $64.

Company has reported several Insider transactions to the SEC, on Dec 22, 2016, John D Hart (Sr. VP & CFO) sold 3,000 shares at 52.03 per share price.On Dec 2, 2016, Gary E Gould (SVP, Prod. & Res. Dev.) sold 7,500 shares at 58.20 per share price.On Nov 23, 2016, Jack H Stark (President & COO) sold 788 shares at 53.34 per share price.

Continental Resources Last issued its quarterly earnings results on Nov 2, 2016. The company reported $-0.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.06. Analyst had a consensus of $-0.16. The company had revenue of $526.20 million for the quarter, compared to analysts expectations of $553.74 million. The companys revenue was down -22.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.12 EPS.

Continental Resources, Inc. (NYSE:CLR) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.9 by 21 Brokerage Firm. 11 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 9 Brokerage Firms have advised hold.

Continental Resources, Inc. (NYSE:CLR) shares are expected to touch $59.85 in the short term. This short term price target has been shared by 20 analysts. However, the standard deviation of short term price estimate has been valued at 6.22. The target price could hit $74 on the higher end and $51 on the lower end.

Continental Resources, Inc. (NYSE:CLR) rose 1.16% or 0.54 points on Tuesday and made its way into the gainers of the day. After trading began at $46.68 the stock was seen hitting $47.19 as a peak level and $46.11 as the lowest level. The stock ended up at $46.97. The daily volume was measured at 1,941,170 shares. The 52-week high of the share price is $60.3 and the 52-week low is $16.92. The company has a market cap of $17,592 million.

CONTINENTAL RESOURCES is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The Company focuses its operations in large new and developing plays where horizontal drilling, advanced fracture stimulation and enhanced recovery technologies provide the means to economically develop and produce oil and natural gas reserves from unconventional formations.

Continental

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