Capital One Financial Corp. Downgrades Continental Resources to Equal Weight (CLR)
Continental Resources (NYSE:CLR) opened at 152.37 on Wednesday. Continental Resources has a 52 week low of $80.44 and a 52 week high of $153.56. The stock’s 50-day moving average is $139.6 and its 200-day moving average is $121.9. The company has a market cap of $28.089 billion and a P/E ratio of 33.20.
Continental Resources (NYSE:CLR) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by $0.03. The company had revenue of $972.50 million for the quarter, compared to the consensus estimate of $1,000.00 million. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. Analysts expect that Continental Resources will post $6.98 EPS for the current fiscal year.
In other Continental Resources news, Director David L. Boren sold 2,833 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $142.42, for a total transaction of $403,475.86. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of other firms have also recently commented on CLR. Analysts at Tudor Pickering downgraded shares of Continental Resources from a “hold” rating to a “trim” rating in a research note on Wednesday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Continental Resources in a research note on Wednesday, June 11th. They now have a $150.00 price target on the stock, up previously from $128.00. Finally, analysts at Barclays raised their price target on shares of Continental Resources from $143.00 to $149.00 in a research note on Tuesday, May 20th. They now have an “overweight” rating on the stock. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $137.44.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.