Continental Resources, Inc. to Post Q3 2017 Earnings of $0.07 Per Share, Jefferies Group Forecasts (CLR)

Continental Resources, Inc. (NYSE:CLR) – Analysts at Jefferies Group reduced their Q3 2017 EPS estimates for Continental Resources in a research report issued to clients and investors on Monday. Jefferies Group analyst M. Hsu now anticipates that the oil and natural gas company will post earnings of $0.07 per share for the quarter, down from their previous forecast of $0.09. Jefferies Group currently has a “Buy” rating and a $47.00 price objective on the stock. Jefferies Group also issued estimates for Continental Resources’ Q4 2017 earnings at $0.18 EPS, FY2017 earnings at $0.27 EPS, Q1 2018 earnings at $0.18 EPS, Q2 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.05 EPS, Q1 2019 earnings at $0.39 EPS, Q2 2019 earnings at $0.40 EPS and Q3 2019 earnings at $0.44 EPS.

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Other equities analysts also recently issued reports about the stock. Scotiabank reiterated a “buy” rating and issued a $52.00 price objective on shares of Continental Resources in a report on Friday, June 30th. Barclays PLC reiterated a “buy” rating and issued a $34.00 price objective on shares of Continental Resources in a report on Friday, July 7th. Citigroup Inc. decreased their price objective on shares of Continental Resources from $60.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Royal Bank Of Canada reiterated a “buy” rating and issued a $46.00 price objective on shares of Continental Resources in a report on Thursday, July 20th. Finally, Stifel Nicolaus set a $59.00 price objective on shares of Continental Resources and gave the company a “buy” rating in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $46.30.

Shares of Continental Resources (NYSE:CLR) opened at 37.07 on Wednesday. The company’s market capitalization is $13.76 billion. Continental Resources has a one year low of $29.08 and a one year high of $60.30. The firm has a 50-day moving average of $36.26 and a 200-day moving average of $37.07.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Architects Inc lifted its position in Continental Resources by 870.0% during the second quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock worth $157,000 after purchasing an additional 4,350 shares during the period. Shell Asset Management Co. lifted its position in Continental Resources by 17.7% during the second quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock worth $203,000 after purchasing an additional 944 shares during the period. IndexIQ Advisors LLC bought a new stake in Continental Resources during the second quarter worth about $210,000. KBC Group NV lifted its position in Continental Resources by 4.7% during the first quarter. KBC Group NV now owns 4,657 shares of the oil and natural gas company’s stock worth $211,000 after purchasing an additional 207 shares during the period. Finally, Sii Investments Inc. WI lifted its position in Continental Resources by 25.6% during the first quarter. Sii Investments Inc. WI now owns 5,150 shares of the oil and natural gas company’s stock worth $235,000 after purchasing an additional 1,050 shares during the period. 23.37% of the stock is owned by institutional investors and hedge funds.

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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