Research Analysts Issue Forecasts for Continental Resources, Inc.’s Q3 2017 Earnings (CLR)
Continental Resources, Inc. (NYSE:CLR) – Equities researchers at SunTrust Banks issued their Q3 2017 EPS estimates for Continental Resources in a research report issued to clients and investors on Thursday. SunTrust Banks analyst N. Dingmann anticipates that the oil and natural gas company will post earnings per share of $0.03 for the quarter. SunTrust Banks currently has a “Buy” rating and a $50.00 target price on the stock. SunTrust Banks also issued estimates for Continental Resources’ Q4 2017 earnings at $0.12 EPS, FY2017 earnings at $0.16 EPS, FY2018 earnings at $0.67 EPS and FY2019 earnings at $1.15 EPS.
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Several other brokerages have also issued reports on CLR. Barclays PLC lifted their price target on shares of Continental Resources from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. BidaskClub upgraded shares of Continental Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Stifel Nicolaus set a $68.00 price target on shares of Continental Resources and gave the company a “buy” rating in a research note on Thursday, October 5th. Citigroup Inc. lowered their price target on shares of Continental Resources from $60.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Finally, Scotiabank reiterated a “buy” rating and issued a $52.00 price target on shares of Continental Resources in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $46.30.
Continental Resources (NYSE:CLR) opened at 37.20 on Monday. The stock has a 50 day moving average of $36.44 and a 200-day moving average of $36.93. Continental Resources has a 1-year low of $29.08 and a 1-year high of $60.30. The firm’s market capitalization is $13.81 billion.
Hedge funds and other institutional investors have recently bought and sold shares of the business. KBC Group NV boosted its holdings in Continental Resources by 4.7% in the 1st 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 during the period. Financial Architects Inc boosted its holdings in Continental Resources by 870.0% in the 2nd 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 during the period. Sii Investments Inc. WI boosted its holdings in Continental Resources by 25.6% in the 1st 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 during the period. First Financial Equity Corporation bought a new stake in Continental Resources in the 1st quarter valued at about $241,000. Finally, M&T Bank Corp boosted its holdings in Continental Resources by 1.4% in the 1st quarter. M&T Bank Corp now owns 6,125 shares of the oil and natural gas company’s stock valued at $278,000 after purchasing an additional 85 shares during the period. 23.37% of the stock is owned by hedge funds and other institutional investors.
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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