Deutsche Bank Upgrades Continental Resources to Buy

Brokerage firm Deutsche Bank Upgrades its rating on Continental Resources(NYSE:CLR). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Deutsche Bank was issued on Apr 13, 2016.

In a different note, On Mar 30, 2016, Seaport Global said it Upgrades its rating on Continental Resources. The shares have been rated ‘Buy’ by the firm. On Mar 18, 2016, RBC Capital said it Assumes its rating on Continental Resources. The shares have been rated ‘Outperform’ by the firm. On Feb 26, 2016, Scotia Howard Weil said it Upgrades its rating on Continental Resources. The shares have been rated ‘Focus List’ by the firm. On Feb 2, 2016, JP Morgan said it Maintains its rating on Continental Resources. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jan 28, 2016, Barclays said it Maintains its rating on Continental Resources. In the research note, the firm Lowers the price-target to $25.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jan 27, 2016, Jefferies said it Maintains its rating on Continental Resources. In the research note, the firm Lowers the price-target to $18.00 per share. The shares have been rated ‘Underperform’ by the firm.

Continental Resources (CLR) shares turned negative on Fridays trading session with the shares closing down -0.12 points or -0.35% at a volume of 45,17,872. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $34.065. The peak price level was also seen at $34.065 while the days lowest was $33.02. Finally the shares closed at $33.71. The 52-week high of the shares is $53.65 while the 52-week low is $13.94. According to the latest information available, the market cap of the company is $12,563 M.

Continental Resources(CLR) last announced its earnings results on Feb 24, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $575.48M. Analysts had an estimated revenue of $569.33M. Earnings per share were $-0.23. Analysts had estimated an EPS of $-0.21.

Several Insider Transactions has been reported to the SEC. On Nov 10, 2015, John D Hart (Sr. VP & CFO) sold 5,000 shares at $36.10 per share price.Also, On Oct 8, 2015, Steven K Owen (SVP, Land) purchased 25 shares at $28.22 per share price.On Sep 18, 2015, Harold Hamm (CEO & Chairman) sold 0 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Continental Resources Inc. is an independent crude oil and natural gas exploration and production company. The Company owns properties in the North South and East regions of the United States. 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. The Bakken field of North Dakota and Montana is a crude oil resource play. The South region includes Kansas and all properties south of Kansas and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province (SCOOP) Northwest Cana and Arkoma areas of Oklahoma. The East region comprises undeveloped leasehold acreage east of the Mississippi River.

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