Continental Resources, Inc. (CLR) Expected to Post Earnings of $0.17 Per Share
Equities research analysts predict that Continental Resources, Inc. (NYSE:CLR) will post $0.17 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Continental Resources’ earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.03. Continental Resources reported earnings per share of ($0.07) in the same quarter last year, which indicates a positive year over year growth rate of 342.9%. The company is expected to issue its next earnings report on Wednesday, February 28th.
On average, analysts expect that Continental Resources will report full-year earnings of $0.25 per share for the current financial year, with EPS estimates ranging from ($0.08) to $0.52. For the next financial year, analysts anticipate that the firm will post earnings of $0.76 per share, with EPS estimates ranging from ($0.54) to $2.13. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Continental Resources.
Continental Resources (NYSE:CLR) last issued its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.05. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. The company had revenue of $726.74 million for the quarter, compared to analysts’ expectations of $710.77 million. During the same period in the prior year, the company earned ($0.22) earnings per share. The firm’s revenue was up 38.1% compared to the same quarter last year.
Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Continental Resources by 16.5% during the 2nd quarter. FMR LLC now owns 13,208,383 shares of the oil and natural gas company’s stock worth $427,027,000 after buying an additional 1,875,103 shares during the period. Vanguard Group Inc. grew its position in shares of Continental Resources by 26.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,149,867 shares of the oil and natural gas company’s stock worth $263,485,000 after buying an additional 1,703,303 shares during the period. State Street Corp grew its position in shares of Continental Resources by 14.4% during the 2nd quarter. State Street Corp now owns 3,200,659 shares of the oil and natural gas company’s stock worth $103,474,000 after buying an additional 403,667 shares during the period. Renaissance Technologies LLC grew its position in shares of Continental Resources by 474.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,892,600 shares of the oil and natural gas company’s stock worth $93,518,000 after buying an additional 2,389,400 shares during the period. Finally, Balyasny Asset Management LLC grew its position in shares of Continental Resources by 208.2% in the 2nd quarter. Balyasny Asset Management LLC now owns 2,384,953 shares of the oil and natural gas company’s stock valued at $77,106,000 after purchasing an additional 1,611,003 shares during the period. 23.27% of the stock is owned by institutional investors and hedge funds.
Continental Resources (NYSE CLR) traded down $0.15 during mid-day trading on Wednesday, hitting $44.42. 1,061,241 shares of the company were exchanged, compared to its average volume of 2,879,139. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.85 and a current ratio of 0.94. Continental Resources has a 1-year low of $29.08 and a 1-year high of $60.30. The firm has a market cap of $17,195.82, a PE ratio of 1,145.75 and a beta of 1.40.
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.
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