Continental Resources, Inc. (NYSE:CLR) – Research analysts at Jefferies Group decreased their Q3 2017 EPS estimates for shares of Continental Resources in a research note issued on Monday. Jefferies Group analyst M. Hsu now expects that the oil and natural gas company will post earnings of $0.07 per share for the quarter, down from their prior estimate of $0.09. Jefferies Group currently has a “Buy” rating and a $42.00 price target on the stock. Jefferies Group also issued estimates for Continental Resources’ Q4 2017 earnings at $0.18 EPS, FY2017 earnings at $0.27 EPS, Q1 2018 earnings at $0.18 EPS, Q2 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.05 EPS, Q1 2019 earnings at $0.39 EPS, Q2 2019 earnings at $0.40 EPS and Q3 2019 earnings at $0.44 EPS.

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CLR has been the topic of several other reports. Royal Bank Of Canada reissued a “buy” rating and issued a $46.00 target price on shares of Continental Resources in a research note on Thursday, July 20th. Zacks Investment Research cut Continental Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Barclays PLC reissued a “buy” rating and issued a $34.00 target price on shares of Continental Resources in a research note on Friday, July 7th. Cowen and Company set a $35.00 target price on Continental Resources and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Finally, Seaport Global Securities cut Continental Resources from a “buy” rating to a “sell” rating and cut their target price for the stock from $57.00 to $20.00 in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. Continental Resources currently has a consensus rating of “Buy” and a consensus price target of $45.93.

Continental Resources (NYSE:CLR) opened at 36.92 on Wednesday. Continental Resources has a 52 week low of $29.08 and a 52 week high of $60.30. The firm’s market capitalization is $13.70 billion. The stock has a 50 day moving average price of $36.02 and a 200-day moving average price of $37.07.

A number of institutional investors and hedge funds have recently modified their holdings of CLR. Comerica Bank lifted its holdings 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 worth $677,000 after buying an additional 110 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in Continental Resources by 10.6% in the first quarter. UBS Asset Management Americas Inc. now owns 231,214 shares of the oil and natural gas company’s stock worth $10,502,000 after buying an additional 22,201 shares during the period. TD Asset Management Inc. lifted its holdings in Continental Resources by 5.5% in the first quarter. TD Asset Management Inc. now owns 5,754 shares of the oil and natural gas company’s stock worth $261,000 after buying an additional 300 shares during the period. Ameriprise Financial Inc. lifted its holdings in Continental Resources by 1.4% in the first quarter. Ameriprise Financial Inc. now owns 39,294 shares of the oil and natural gas company’s stock worth $1,785,000 after buying an additional 533 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in Continental Resources by 6.5% in the first quarter. Parametric Portfolio Associates LLC now owns 132,812 shares of the oil and natural gas company’s stock worth $6,032,000 after buying an additional 8,075 shares during the period. Institutional investors and hedge funds own 23.37% 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.

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

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