Brokerages expect Continental Resources, Inc. (NYSE:CLR) to report earnings per share (EPS) of $0.01 for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Continental Resources’ earnings, with the lowest EPS estimate coming in at ($0.13) and the highest estimate coming in at $0.09. Continental Resources reported earnings of ($0.22) per share in the same quarter last year, which would indicate a positive year over year growth rate of 104.5%. The company is expected to issue its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Continental Resources will report full year earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from ($0.14) to $0.41. For the next year, analysts forecast that the business will report earnings of $0.52 per share, with EPS estimates ranging from ($0.54) to $1.98. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Continental Resources.

A number of equities research analysts have commented on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $46.00 price objective on shares of Continental Resources in a report on Thursday, July 20th. Stifel Nicolaus reissued a “buy” rating and set a $62.00 price objective on shares of Continental Resources in a report on Friday, May 26th. Zacks Investment Research lowered shares of Continental Resources from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Barclays PLC reissued a “buy” rating and set a $34.00 price objective on shares of Continental Resources in a report on Friday, July 7th. Finally, Cowen and Company set a $35.00 price objective on shares of Continental Resources and gave the stock a “hold” rating in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Continental Resources presently has a consensus rating of “Buy” and a consensus price target of $46.29.

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Several large investors have recently made changes to their positions in CLR. BlackRock Inc. raised its position in shares of Continental Resources by 4,992.6% in the 1st quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock valued at $225,346,000 after acquiring an additional 4,863,974 shares during the period. Renaissance Technologies LLC raised its position in shares of Continental Resources by 474.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,892,600 shares of the oil and natural gas company’s stock valued at $93,518,000 after acquiring an additional 2,389,400 shares during the period. FMR LLC raised its position in shares of Continental Resources by 16.5% in the 2nd quarter. FMR LLC now owns 13,208,383 shares of the oil and natural gas company’s stock valued at $427,027,000 after acquiring an additional 1,875,103 shares during the period. Vanguard Group Inc. raised its position in shares of Continental Resources by 26.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,149,867 shares of the oil and natural gas company’s stock valued at $263,485,000 after acquiring an additional 1,703,303 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Continental Resources by 86.6% in the 1st quarter. Bank of America Corp DE now owns 3,497,989 shares of the oil and natural gas company’s stock valued at $158,879,000 after acquiring an additional 1,623,470 shares during the period. Institutional investors and hedge funds own 23.30% of the company’s stock.

Shares of Continental Resources (CLR) opened at 36.15 on Monday. Continental Resources has a 52-week low of $29.08 and a 52-week high of $60.30. The company’s market capitalization is $13.42 billion. The firm’s 50 day moving average is $33.74 and its 200-day moving average is $37.97.

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

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