Continental Resources, Inc. (NYSE:CLR) – Stock analysts at KeyCorp decreased their Q3 2018 EPS estimates for shares of Continental Resources in a report released on Tuesday, August 7th. KeyCorp analyst D. Deckelbaum now anticipates that the oil and natural gas company will earn $0.81 per share for the quarter, down from their prior forecast of $0.84. KeyCorp also issued estimates for Continental Resources’ FY2018 earnings at $3.10 EPS.

A number of other analysts have also issued reports on the stock. TD Securities lifted their price objective on shares of Continental Resources from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Wednesday. Seaport Global Securities reiterated a “neutral” rating on shares of Continental Resources in a research note on Wednesday, July 25th. UBS Group dropped their price objective on shares of Continental Resources from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Thursday, July 26th. Zacks Investment Research lowered shares of Continental Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, Citigroup dropped their price objective on shares of Continental Resources from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 25th. Thirteen research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Continental Resources presently has a consensus rating of “Buy” and an average target price of $67.17.

CLR opened at $64.78 on Friday. The company has a market cap of $23.81 billion, a PE ratio of 127.02 and a beta of 1.28. Continental Resources has a 52-week low of $32.04 and a 52-week high of $69.91. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.85 and a current ratio of 0.97.

Continental Resources (NYSE:CLR) last posted its quarterly earnings data on Tuesday, August 7th. The oil and natural gas company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Continental Resources had a net margin of 32.80% and a return on equity of 14.01%.

In other Continental Resources news, CEO Harold Hamm acquired 136,000 shares of the firm’s stock in a transaction on Tuesday, May 29th. The stock was purchased at an average price of $65.30 per share, with a total value of $8,880,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John D. Hart sold 10,000 shares of Continental Resources stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $69.60, for a total transaction of $696,000.00. The disclosure for this sale can be found here. 76.83% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its holdings in Continental Resources by 6.1% in the first quarter. The Manufacturers Life Insurance Company now owns 15,559 shares of the oil and natural gas company’s stock worth $918,000 after purchasing an additional 899 shares during the period. Toronto Dominion Bank boosted its holdings in Continental Resources by 16.4% in the first quarter. Toronto Dominion Bank now owns 6,438 shares of the oil and natural gas company’s stock worth $379,000 after purchasing an additional 909 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in Continental Resources by 8.8% in the first quarter. Xact Kapitalforvaltning AB now owns 11,321 shares of the oil and natural gas company’s stock worth $667,000 after purchasing an additional 915 shares during the period. Credit Agricole S A boosted its holdings in Continental Resources by 85.7% in the first quarter. Credit Agricole S A now owns 2,600 shares of the oil and natural gas company’s stock worth $153,000 after purchasing an additional 1,200 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Continental Resources by 49.0% in the second quarter. Daiwa Securities Group Inc. now owns 3,800 shares of the oil and natural gas company’s stock worth $246,000 after purchasing an additional 1,250 shares during the period. 22.54% of the stock is owned by hedge funds and other institutional investors.

About Continental Resources

Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.

See Also: How do investors use RSI to grade stocks?

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

Receive News & Ratings for Continental Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Resources and related companies with MarketBeat.com's FREE daily email newsletter.