BMO Capital Markets Initiates Coverage on Continental Resources Inc. Oklahoma (CLR)
Stock analysts at BMO Capital Markets began coverage on shares of Continental Resources Inc. Oklahoma (NYSE:CLR) in a report issued on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Continental Resources Inc. Oklahoma (NYSE:CLR) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.13. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $970.67 million. During the same quarter in the previous year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 60.1% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Merrill Lynch upgraded shares of Continental Resources Inc. Oklahoma to a “buy” rating in a research note to investors on Tuesday, January 7th. Separately, analysts at Bank of America Corp. upgraded shares of Continental Resources Inc. Oklahoma from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 7th. Finally, analysts at Deutsche Bank downgraded shares of Continental Resources Inc. Oklahoma from a “buy” rating to a “hold” rating in a research note to investors on Monday, December 9th. They now have a $121.00 price target on the stock, down previously from $128.00. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $123.17.
Continental Resources, Inc (NYSE:CLR) is an independent crude oil and natural gas exploration and production company with operations in the North, South and East regions of the United States.
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