Continental Resources, Inc. (NYSE:CLR) – Stock analysts at Seaport Global Securities lifted their Q3 2017 earnings per share (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 per share of $0.08 for the quarter, up from their previous forecast of $0.03. Seaport Global Securities currently has a “Sell” rating and a $20.00 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. Scotiabank reiterated a “buy” rating and issued a $52.00 price target on shares of Continental Resources in a research report on Friday, June 30th. Robert W. Baird set a $40.00 price target on shares of Continental Resources and gave the company a “hold” rating in a research report on Thursday. Jefferies Group LLC reiterated a “buy” rating and issued a $47.00 price target on shares of Continental Resources in a research report on Thursday. SunTrust Banks, Inc. set a $50.00 price target on shares of Continental Resources and gave the company a “buy” rating in a research report on Thursday. Finally, KeyCorp reiterated a “hold” rating on shares of Continental Resources in a research report on Thursday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.30.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Financial Architects Inc raised its position in Continental Resources by 870.0% during the second quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock valued at $157,000 after purchasing an additional 4,350 shares in the last quarter. Shell Asset Management Co. raised its position in Continental Resources by 17.7% during the second quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock valued at $203,000 after purchasing an additional 944 shares in the last quarter. IndexIQ Advisors LLC acquired a new position in Continental Resources during the second quarter valued at approximately $210,000. KBC Group NV raised its position in Continental Resources by 4.7% during the first quarter. KBC Group NV now owns 4,657 shares of the oil and natural gas company’s stock valued at $211,000 after purchasing an additional 207 shares in the last quarter. Finally, Sii Investments Inc. WI raised its position in Continental Resources by 25.6% during the first quarter. Sii Investments Inc. WI now owns 5,150 shares of the oil and natural gas company’s stock valued at $235,000 after purchasing an additional 1,050 shares in the last quarter. 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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