Equities analysts expect Continental Resources, Inc. (NYSE:CLR) to report earnings of $0.17 per share for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Continental Resources’ earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.05. Continental Resources reported earnings of ($0.07) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 342.9%. The firm is scheduled to issue its next earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that Continental Resources will report full year earnings of $0.27 per share for the current year, with EPS estimates ranging from $0.15 to $0.52. For the next fiscal year, analysts anticipate that the business will post earnings of $0.77 per share, with EPS estimates ranging from ($0.54) to $2.13. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover Continental Resources.
Continental Resources (NYSE:CLR) last announced its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The business had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. During the same quarter last year, the firm earned ($0.22) EPS. Continental Resources’s revenue for the quarter was up 38.1% compared to the same quarter last year.
Several research analysts have weighed in on the company. Stifel Nicolaus set a $59.00 price target on Continental Resources and gave the stock a “buy” rating in a research report on Friday, August 25th. Scotiabank lowered their price target on Continental Resources from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Friday, September 8th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $41.00 price target on shares of Continental Resources in a research report on Friday, October 6th. Barclays PLC boosted their price target on Continental Resources from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Finally, BMO Capital Markets set a $36.00 price target on Continental Resources and gave the stock a “buy” rating in a research report on Monday, August 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $46.35.
Shares of Continental Resources (NYSE:CLR) traded up $0.40 during trading on Wednesday, reaching $45.92. The company had a trading volume of 2,543,709 shares, compared to its average volume of 2,878,658. Continental Resources has a 1-year low of $29.08 and a 1-year high of $60.30. The firm has a market cap of $17,080.00, a price-to-earnings ratio of 1,114.25 and a beta of 1.40. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.85 and a current ratio of 0.94.
Hedge funds have recently modified their holdings of the company. Toronto Dominion Bank increased its stake in shares of Continental Resources by 244.1% in the third quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after buying an additional 2,810 shares during the period. Financial Architects Inc increased its stake in shares of Continental Resources by 870.0% in the second quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock valued at $157,000 after buying an additional 4,350 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Continental Resources by 35.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock valued at $187,000 after buying an additional 1,261 shares during the period. Sii Investments Inc. WI acquired a new stake in shares of Continental Resources in the third quarter valued at about $200,000. Finally, Sei Investments Co. increased its stake in shares of Continental Resources by 131.7% in the third quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock valued at $205,000 after buying an additional 3,009 shares during the period. 23.27% of the stock is owned by institutional investors.
Continental Resources Company Profile
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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