Continental Resources, Inc. (NYSE:CLR) – Research analysts at KeyCorp lifted their Q3 2017 earnings per share estimates for shares of Continental Resources in a note issued to investors on Wednesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and natural gas company will post earnings per share of $0.05 for the quarter, up from their prior estimate of $0.04. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Continental Resources’ FY2017 earnings at $0.18 EPS, Q3 2018 earnings at $0.14 EPS and Q4 2018 earnings at $0.25 EPS.

CLR has been the subject of a number of other research reports. BidaskClub raised shares of Continental Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Continental Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Citigroup Inc. reduced their target price on shares of Continental Resources from $60.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Barclays PLC boosted their target price on shares of Continental Resources from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $46.00 target price on shares of Continental Resources in a research report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $46.50.

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Continental Resources (NYSE:CLR) opened at 37.90 on Monday. Continental Resources has a 52 week low of $29.08 and a 52 week high of $60.30. The stock has a 50 day moving average of $36.91 and a 200-day moving average of $36.76. The firm’s market cap is $14.07 billion.

Several institutional investors have recently added to or reduced their stakes in CLR. Comerica Bank increased its stake in shares of 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 during the period. UBS Asset Management Americas Inc. increased its stake in shares of 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 valued at $10,502,000 after buying an additional 22,201 shares during the period. Ameriprise Financial Inc. increased its stake in shares of 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 valued at $1,785,000 after buying an additional 533 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Continental Resources by 234.3% in the first quarter. JPMorgan Chase & Co. now owns 210,051 shares of the oil and natural gas company’s stock valued at $9,540,000 after buying an additional 147,209 shares during the period. Finally, KBC Group NV increased its stake in shares of Continental Resources by 4.7% in 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 buying an additional 207 shares during the period. 23.38% of the stock is owned by institutional investors.

About Continental Resources

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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