Continental Resources, Inc. (NYSE:CLR) – Research analysts at SunTrust Banks boosted their FY2017 earnings per share estimates for shares of Continental Resources in a report issued on Thursday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and natural gas company will post earnings per share of $0.22 for the year, up from their previous forecast of $0.16. SunTrust Banks currently has a “Buy” rating and a $55.00 target price on the stock.
Other equities analysts have also issued research reports about the company. Jefferies Group LLC set a $42.00 target price on Continental Resources and gave the company a “buy” rating in a report on Tuesday, August 29th. BMO Capital Markets set a $36.00 target price on Continental Resources and gave the company a “buy” rating in a report on Monday, August 28th. Stifel Nicolaus set a $59.00 target price on Continental Resources and gave the company a “buy” rating in a report on Friday, August 25th. Citigroup Inc. dropped their target price on Continental Resources from $60.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $46.00 price objective on shares of Continental Resources in a report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $47.31.
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Continental Resources (CLR) opened at $46.69 on Friday. The company has a market capitalization of $17,518.51, a price-to-earnings ratio of 1,167.25 and a beta of 1.40. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 1.55. Continental Resources has a twelve month low of $29.08 and a twelve month high of $60.30.
Continental Resources (NYSE:CLR) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. The firm had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. Continental Resources’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.22) earnings per share.
Hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank lifted its position in shares of Continental Resources by 244.1% during the 3rd quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after acquiring an additional 2,810 shares during the period. Financial Architects Inc lifted its position in shares of Continental Resources by 870.0% during the 2nd quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock valued at $157,000 after acquiring an additional 4,350 shares during the period. Sei Investments Co. lifted its position in shares of Continental Resources by 131.7% during the 3rd quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock valued at $205,000 after acquiring an additional 3,009 shares during the period. Bridgecreek Investment Management LLC acquired a new stake in shares of Continental Resources during the 3rd quarter valued at approximately $214,000. Finally, Shell Asset Management Co. lifted its position in shares of Continental Resources by 17.7% during the 2nd quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock valued at $203,000 after acquiring an additional 944 shares during the period. Institutional investors own 23.23% of the company’s stock.
About Continental Resources
Continental Resources, Inc is a crude oil and natural gas company with 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.
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