Brokers Set Expectations for Continental Resources, Inc.’s Q1 2018 Earnings (CLR)

Continental Resources, Inc. (NYSE:CLR) – Capital One Financial issued their Q1 2018 earnings per share estimates for shares of Continental Resources in a report released on Tuesday. Capital One Financial analyst P. Johnston expects that the oil and natural gas company will post earnings per share of $0.49 for the quarter.

Other equities analysts also recently issued research reports about the company. Morgan Stanley increased their price target on Continental Resources from $51.00 to $56.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 8th. Cowen set a $58.00 price target on Continental Resources and gave the stock a “hold” rating in a research report on Thursday, January 18th. SunTrust Banks reissued a “buy” rating and set a $55.00 price target on shares of Continental Resources in a research report on Friday, November 10th. Zacks Investment Research downgraded Continental Resources from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Finally, Tudor Pickering downgraded Continental Resources from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $53.56.

Continental Resources (NYSE:CLR) opened at $53.37 on Wednesday. Continental Resources has a 12-month low of $29.08 and a 12-month high of $58.89. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.85 and a current ratio of 0.94. The stock has a market capitalization of $19,428.32, a price-to-earnings ratio of 1,294.50 and a beta of 1.36.

Institutional investors have recently added to or reduced their stakes in the business. Exane Derivatives purchased a new stake in Continental Resources in the fourth quarter valued at about $113,000. Bellwether Investment Group LLC purchased a new stake in Continental Resources in the fourth quarter valued at about $202,000. Calton & Associates Inc. purchased a new stake in Continental Resources in the fourth quarter valued at about $200,000. Miles Capital Inc. purchased a new stake in Continental Resources in the fourth quarter valued at about $204,000. Finally, Toronto Dominion Bank raised its stake in Continental Resources by 244.1% in the third quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after buying an additional 2,810 shares during the last quarter. Institutional investors own 22.54% of the company’s stock.

In other Continental Resources news, Director Mark E. Monroe sold 20,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $47.90, for a total value of $958,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John D. Hart sold 6,000 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $51.23, for a total value of $307,380.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,874 shares of company stock valued at $2,603,673. 76.87% of the stock is currently owned by company insiders.

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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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