Continental Resources (NYSE:CLR) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report issued on Friday, December 1st.
CLR has been the subject of several other research reports. Zacks Investment Research downgraded Continental Resources from a “buy” rating to a “hold” rating in a report on Monday, November 13th. KeyCorp restated a “hold” rating on shares of Continental Resources in a research note on Monday, November 13th. Royal Bank of Canada upped their price objective on Continental Resources from $48.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Piper Jaffray Companies restated a “buy” rating and issued a $41.00 price objective on shares of Continental Resources in a research note on Friday, October 6th. Finally, Bank of America upped their price objective on Continental Resources from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $46.60.
Shares of Continental Resources (CLR) opened at $47.31 on Friday. Continental Resources has a 1-year low of $29.08 and a 1-year high of $54.90. The stock has a market capitalization of $18,028.79, a price-to-earnings ratio of 1,201.25 and a beta of 1.44. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55.
Continental Resources (NYSE:CLR) last announced its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.05. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The business had revenue of $726.74 million during the quarter, compared to the consensus estimate of $710.77 million. During the same quarter in the prior year, the company posted ($0.22) earnings per share. Continental Resources’s revenue was up 38.1% compared to the same quarter last year. analysts forecast that Continental Resources will post 0.29 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Wesbanco Bank Inc. grew its position in Continental Resources by 14.1% during the 2nd quarter. Wesbanco Bank Inc. now owns 132,764 shares of the oil and natural gas company’s stock worth $4,293,000 after acquiring an additional 16,375 shares during the last quarter. Miller Howard Investments Inc. NY grew its position in Continental Resources by 22.5% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 22,097 shares of the oil and natural gas company’s stock worth $853,000 after acquiring an additional 4,060 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Continental Resources by 12.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 8,269 shares of the oil and natural gas company’s stock worth $278,000 after acquiring an additional 902 shares during the last quarter. Ninepoint Partners LP bought a new position in Continental Resources during the 3rd quarter worth approximately $7,896,000. Finally, BNP Paribas Arbitrage SA grew its position in Continental Resources by 362.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 171,270 shares of the oil and natural gas company’s stock worth $5,537,000 after acquiring an additional 134,260 shares during the last quarter. Hedge funds and other institutional investors own 22.59% 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.
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