Continental Resources Inc. (NYSE:CLR) – Investment analysts at Jefferies Group upped their Q1 2017 EPS estimates for Continental Resources in a research report issued to clients and investors on Thursday. Jefferies Group analyst J. Wolff now anticipates that the firm will earn ($0.05) per share for the quarter, up from their previous estimate of ($0.06). Jefferies Group has a “Sell” rating and a $43.00 price objective on the stock. Jefferies Group also issued estimates for Continental Resources’ Q2 2017 earnings at $0.03 EPS.

Several other equities analysts have also commented on the company. BMO Capital Markets initiated coverage on Continental Resources in a report on Sunday, October 30th. They set a “buy” rating and a $18.00 target price for the company. Stephens set a $54.00 target price on Continental Resources and gave the company a “buy” rating in a report on Thursday, August 11th. Nomura upped their target price on Continental Resources from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, August 25th. Canaccord Genuity set a $60.00 target price on Continental Resources and gave the company a “buy” rating in a report on Wednesday, November 2nd. Finally, Wunderlich upped their target price on Continental Resources from $50.00 to $59.00 and gave the company a “buy” rating in a report on Friday, August 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Continental Resources has a consensus rating of “Buy” and an average target price of $46.07.

Earnings History and Estimates for Continental Resources (NYSE:CLR)

Continental Resources (NYSE:CLR) opened at 53.68 on Monday. The company’s 50-day moving average price is $50.44 and its 200 day moving average price is $46.26. The firm’s market capitalization is $19.89 billion. Continental Resources has a one year low of $13.94 and a one year high of $55.07.

Continental Resources (NYSE:CLR) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.07. The firm had revenue of $526.20 million for the quarter, compared to analyst estimates of $148.37 million. Continental Resources had a negative return on equity of 8.69% and a negative net margin of 28.27%. The business’s revenue for the quarter was down 22.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.12) earnings per share.

In other Continental Resources news, SVP Steven K. Owen sold 3,200 shares of the stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $46.54, for a total transaction of $148,928.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Gary E. Gould sold 5,000 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $50.25, for a total transaction of $251,250.00. The disclosure for this sale can be found here. Company insiders own 76.97% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CLR. Ranger Investment Management L.P. increased its position in Continental Resources by 1.1% in the second quarter. Ranger Investment Management L.P. now owns 5,548 shares of the company’s stock valued at $251,000 after buying an additional 60 shares during the last quarter. BOKF NA increased its position in Continental Resources by 0.4% in the second quarter. BOKF NA now owns 14,733 shares of the company’s stock valued at $667,000 after buying an additional 61 shares during the last quarter. IBM Retirement Fund increased its position in Continental Resources by 1.0% in the second quarter. IBM Retirement Fund now owns 8,753 shares of the company’s stock valued at $396,000 after buying an additional 87 shares during the last quarter. Brown Advisory Inc. increased its position in Continental Resources by 0.7% in the second quarter. Brown Advisory Inc. now owns 17,220 shares of the company’s stock valued at $779,000 after buying an additional 112 shares during the last quarter. Finally, Davidson & Garrard Inc. increased its position in Continental Resources by 1.8% in the third quarter. Davidson & Garrard Inc. now owns 12,780 shares of the company’s stock valued at $664,000 after buying an additional 225 shares during the last quarter. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

About Continental Resources

Continental Resources, Inc is an independent crude oil and natural gas exploration and production 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.

5 Day Chart for NYSE:CLR

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