Equities analysts predict that Continental Resources, Inc. (NYSE:CLR) will post sales of $655.85 million for the current quarter, according to Zacks. Eleven analysts have issued estimates for Continental Resources’ earnings, with the highest sales estimate coming in at $721.80 million and the lowest estimate coming in at $626.82 million. Continental Resources posted sales of $451.21 million during the same quarter last year, which would indicate a positive year over year growth rate of 45.4%. The business is scheduled to report its next quarterly earnings results after the market closes on Tuesday, August 8th.

On average, analysts expect that Continental Resources will report full year sales of $655.85 million for the current financial year, with estimates ranging from $2.64 billion to $3.10 billion. For the next fiscal year, analysts expect that the business will report sales of $3.50 billion per share, with estimates ranging from $2.33 billion to $4.38 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Continental Resources.

Continental Resources (NYSE:CLR) last released its quarterly earnings data on Wednesday, May 3rd. The oil and natural gas company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $685.43 million for the quarter, compared to analyst estimates of $646.46 million. Continental Resources had a negative net margin of 9.08% and a negative return on equity of 3.93%.

A number of research analysts recently weighed in on CLR shares. BMO Capital Markets reissued a “buy” rating and set a $55.00 price target on shares of Continental Resources in a research report on Monday, May 15th. Bank of America Corporation reissued a “buy” rating and set a $68.00 price target (down from $74.00) on shares of Continental Resources in a research report on Thursday, May 11th. KLR Group raised their price target on shares of Continental Resources from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Barclays PLC reissued a “buy” rating and set a $54.00 price target on shares of Continental Resources in a research report on Sunday, May 7th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $63.00 price target on shares of Continental Resources in a research report on Tuesday, April 25th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company. Continental Resources currently has a consensus rating of “Buy” and an average target price of $50.54.

Continental Resources (NYSE CLR) traded up 2.02% on Thursday, hitting $33.79. 2,047,807 shares of the stock traded hands. The stock has a 50 day moving average of $32.33 and a 200 day moving average of $41.65. Continental Resources has a 52 week low of $29.08 and a 52 week high of $60.30. The firm’s market capitalization is $12.54 billion.

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In related news, CEO Harold Hamm bought 36,452 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was acquired at an average cost of $42.05 per share, for a total transaction of $1,532,806.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 76.97% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC bought a new stake in shares of Continental Resources during the first quarter valued at about $282,000. Capital Impact Advisors LLC raised its stake in shares of Continental Resources by 45.2% in the first quarter. Capital Impact Advisors LLC now owns 21,539 shares of the oil and natural gas company’s stock valued at $978,000 after buying an additional 6,705 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Continental Resources by 17.3% in the first quarter. Gateway Investment Advisers LLC now owns 287,039 shares of the oil and natural gas company’s stock valued at $13,037,000 after buying an additional 42,351 shares during the last quarter. CWM LLC raised its stake in shares of Continental Resources by 5.0% in the first quarter. CWM LLC now owns 71,515 shares of the oil and natural gas company’s stock valued at $3,248,000 after buying an additional 3,408 shares during the last quarter. Finally, Viking Fund Management LLC raised its stake in shares of Continental Resources by 9.8% in the first quarter. Viking Fund Management LLC now owns 280,000 shares of the oil and natural gas company’s stock valued at $12,718,000 after buying an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 23.10% of the company’s stock.

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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