$0.20 EPS Expected for Continental Resources, Inc. (CLR) This Quarter

Equities analysts expect Continental Resources, Inc. (NYSE:CLR) to post earnings of $0.20 per share for the current quarter, according to Zacks. Ten analysts have made estimates for Continental Resources’ earnings. The lowest EPS estimate is $0.05 and the highest is $0.42. Continental Resources reported earnings of ($0.07) per share during the same quarter last year, which would indicate a positive year over year growth rate of 385.7%. The firm is expected to report its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Continental Resources will report full-year earnings of $0.29 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.52. For the next year, analysts expect that the firm will post earnings of $0.82 per share, with EPS estimates ranging from ($0.54) to $2.13. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Continental Resources.

Continental Resources (NYSE:CLR) last issued its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. The firm had revenue of $726.74 million during the quarter, compared to the consensus estimate of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The company’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.22) earnings per share.

Several analysts have recently commented on the company. ValuEngine raised Continental Resources from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub raised Continental Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Barclays set a $37.00 price target on Continental Resources and gave the company an “overweight” rating in a research report on Thursday, August 10th. Imperial Capital raised Continental Resources from an “in-line” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Thursday, November 9th. Finally, Robert W. Baird set a $40.00 price target on Continental Resources and gave the company a “hold” rating in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the stock. Continental Resources currently has a consensus rating of “Buy” and a consensus price target of $46.69.

Institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank boosted its holdings 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 worth $153,000 after acquiring an additional 2,810 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings 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 worth $187,000 after acquiring an additional 1,261 shares during the period. Sii Investments Inc. WI bought a new position in shares of Continental Resources in the third quarter worth $200,000. Shell Asset Management Co. boosted its holdings in shares of Continental Resources by 17.7% in the second quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock worth $203,000 after acquiring an additional 944 shares during the period. Finally, Sei Investments Co. raised its position 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 worth $205,000 after buying an additional 3,009 shares in the last quarter. 22.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Continental Resources (NYSE CLR) traded up $0.85 during trading on Friday, hitting $47.93. The stock had a trading volume of 1,207,100 shares, compared to its average volume of 2,807,203. The stock has a market capitalization of $17,480.98, a P/E ratio of 1,164.75 and a beta of 1.44. Continental Resources has a 12-month low of $29.08 and a 12-month high of $57.81. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55.

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

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