Continental Resources, Inc. (NYSE:CLR) – Investment analysts at Jefferies Group upped their Q3 2018 earnings per share estimates for Continental Resources in a note issued to investors on Monday. Jefferies Group analyst M. Hsu now anticipates that the oil and natural gas company will post earnings per share of $0.51 for the quarter, up from their prior forecast of $0.48. Jefferies Group currently has a “Buy” rating and a $56.00 target price on the stock. Jefferies Group also issued estimates for Continental Resources’ Q4 2018 earnings at $0.60 EPS and FY2018 earnings at $1.82 EPS.

Several other analysts have also recently commented on CLR. Barclays PLC restated a “buy” rating and issued a $53.00 target price (down previously from $58.00) on shares of Continental Resources in a research note on Thursday, April 20th. Royal Bank Of Canada restated a “buy” rating and issued a $63.00 target price on shares of Continental Resources in a research note on Tuesday, April 25th. FBR & Co reduced their target price on shares of Continental Resources from $56.00 to $46.00 and set a “mkt perform” rating for the company in a research note on Monday, May 1st. Credit Suisse Group upgraded shares of Continental Resources from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $40.00 to $57.00 in a research note on Friday, May 5th. They noted that the move was a valuation call. Finally, KLR Group increased their price target on shares of Continental Resources from $55.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $49.90.

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Shares of Continental Resources (CLR) remained flat at $32.68 during trading on Thursday. 674,032 shares of the company were exchanged. The firm has a 50 day moving average price of $32.52 and a 200 day moving average price of $39.79. Continental Resources has a one year low of $29.08 and a one year high of $60.30. The firm’s market cap is $12.13 billion.

Several large investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Continental Resources by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,019 shares of the oil and natural gas company’s stock valued at $637,000 after buying an additional 36 shares in the last quarter. M&T Bank Corp boosted its stake in Continental Resources by 1.4% in the first quarter. M&T Bank Corp now owns 6,125 shares of the oil and natural gas company’s stock valued at $278,000 after buying an additional 85 shares in the last quarter. Hanseatic Management Services Inc. boosted its stake in Continental Resources by 0.7% in the first quarter. Hanseatic Management Services Inc. now owns 12,047 shares of the oil and natural gas company’s stock valued at $547,000 after buying an additional 87 shares in the last quarter. Comerica Bank boosted its stake in Continental Resources by 0.7% in the first quarter. Comerica Bank now owns 15,941 shares of the oil and natural gas company’s stock valued at $677,000 after buying an additional 110 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Continental Resources by 1.5% in the second quarter. ProShare Advisors LLC now owns 8,180 shares of the oil and natural gas company’s stock valued at $264,000 after buying an additional 118 shares in the last quarter. 22.93% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Harold Hamm bought 36,452 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were acquired at an average cost of $42.05 per share, with a total value of $1,532,806.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 76.97% of the stock is currently owned by company insiders.

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.

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

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