Media coverage about Continental Resources (NYSE:CLR) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Continental Resources earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the oil and natural gas company an impact score of 46.2881932424839 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Continental Resources (NYSE CLR) traded down $0.67 during mid-day trading on Monday, hitting $57.66. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.55. The stock has a market cap of $21,640.00, a PE ratio of -823.71 and a beta of 1.44. Continental Resources has a 52-week low of $29.08 and a 52-week high of $58.89.
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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. The company had revenue of $726.74 million for the quarter, compared to analysts’ expectations of $710.77 million. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. Continental Resources’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.22) EPS. sell-side analysts forecast that Continental Resources will post 0.34 earnings per share for the current fiscal year.
CLR has been the subject of a number of research analyst reports. TheStreet raised shares of Continental Resources from a “d+” rating to a “c” rating in a research note on Friday, November 17th. Royal Bank of Canada boosted their price target on shares of Continental Resources from $48.00 to $51.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Barclays boosted their price target on shares of Continental Resources from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Zacks Investment Research raised shares of Continental Resources from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, November 8th. Finally, Morgan Stanley boosted their price target on shares of Continental Resources from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $49.15.
In other news, Director Mark E. Monroe sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $47.90, for a total value of $958,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John D. Hart sold 6,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $51.23, for a total transaction of $307,380.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,874 shares of company stock worth $2,603,673. 76.87% of the stock is owned by 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.
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