FY2017 EPS Estimates for Continental Resources, Inc. Raised by Seaport Global Securities (CLR)
Continental Resources, Inc. (NYSE:CLR) – Research analysts at Seaport Global Securities lifted their FY2017 EPS estimates for shares of Continental Resources in a research note issued on Wednesday. Seaport Global Securities analyst M. Kelly now expects that the oil and natural gas company will post earnings of $0.15 per share for the year, up from their prior estimate of $0.09. Seaport Global Securities currently has a “Sell” rating and a $20.00 price target on the stock.
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Several other analysts also recently weighed in on CLR. Wolfe Research initiated coverage on shares of Continental Resources in a research report on Thursday, June 15th. They set an “outperform” rating and a $45.00 price objective for the company. Scotiabank restated a “buy” rating and set a $52.00 price objective on shares of Continental Resources in a research report on Friday, June 30th. BidaskClub upgraded shares of Continental Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Barclays PLC restated a “buy” rating and set a $34.00 price objective on shares of Continental Resources in a research report on Friday, July 7th. Finally, Zacks Investment Research downgraded shares of Continental Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $46.43.
Continental Resources (NYSE CLR) opened at 37.64 on Thursday. The firm has a 50 day moving average of $36.15 and a 200-day moving average of $37.07. Continental Resources has a 12-month low of $29.08 and a 12-month high of $60.30. The stock’s market cap is $13.97 billion.
Large investors have recently bought and sold shares of the company. Financial Architects Inc grew its stake in shares of Continental Resources by 870.0% during the 2nd quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock worth $157,000 after purchasing an additional 4,350 shares during the period. Shell Asset Management Co. grew its stake in shares of Continental Resources by 17.7% during the 2nd quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock worth $203,000 after purchasing an additional 944 shares during the period. IndexIQ Advisors LLC acquired a new position in shares of Continental Resources during the 2nd quarter worth $210,000. KBC Group NV grew its stake in shares of Continental Resources by 4.7% during the 1st quarter. KBC Group NV now owns 4,657 shares of the oil and natural gas company’s stock worth $211,000 after purchasing an additional 207 shares during the period. Finally, Sii Investments Inc. WI grew its stake in shares of Continental Resources by 25.6% during the 1st quarter. Sii Investments Inc. WI now owns 5,150 shares of the oil and natural gas company’s stock worth $235,000 after purchasing an additional 1,050 shares during the period. 23.37% of the stock is currently owned by institutional investors and hedge funds.
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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