FY2017 EPS Estimates for Continental Resources, Inc. Boosted by Analyst (CLR)

Continental Resources, Inc. (NYSE:CLR) – Investment analysts at Imperial Capital upped their FY2017 earnings per share estimates for shares of Continental Resources in a report released on Thursday. Imperial Capital analyst J. Wangler now forecasts that the oil and natural gas company will post earnings of $0.27 per share for the year, up from their previous estimate of ($0.03). Imperial Capital currently has a “Outperform” rating and a $60.00 price target on the stock. Imperial Capital also issued estimates for Continental Resources’ Q4 2017 earnings at $0.17 EPS and FY2018 earnings at $1.01 EPS.

Continental Resources (NYSE:CLR) last posted its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share 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 the consensus estimate of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The firm’s quarterly revenue was up 38.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.22) EPS. TRADEMARK VIOLATION WARNING: This report was originally published by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.themarketsdaily.com/2017/11/15/fy2017-eps-estimates-for-continental-resources-inc-boosted-by-analyst-clr.html.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research raised Continental Resources from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday. KeyCorp reissued a “hold” rating on shares of Continental Resources in a research note on Monday. BMO Capital Markets increased their price target on Continental Resources from $8.00 to $11.00 in a research note on Monday. SunTrust Banks, Inc. reissued a “buy” rating and issued a $55.00 price target on shares of Continental Resources in a research note on Friday, November 10th. Finally, Scotiabank cut their price target on Continental Resources from $12.50 to $11.50 and set an “outperform” rating on the stock in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. Continental Resources currently has an average rating of “Buy” and an average target price of $46.35.

Continental Resources (NYSE CLR) opened at $44.57 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.94 and a quick ratio of 0.85. The firm has a market capitalization of $17,195.82, a price-to-earnings ratio of 1,145.75 and a beta of 1.40. Continental Resources has a 12 month low of $29.08 and a 12 month high of $60.30.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank grew its holdings in shares of Continental Resources by 244.1% in the 3rd quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after acquiring an additional 2,810 shares in the last quarter. Financial Architects Inc grew its holdings in shares of Continental Resources by 870.0% in the 2nd quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock valued at $157,000 after acquiring an additional 4,350 shares in the last quarter. Sii Investments Inc. WI bought a new position in shares of Continental Resources in the 3rd quarter valued at about $200,000. Shell Asset Management Co. grew its holdings in shares of Continental Resources by 17.7% in the 2nd quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock valued at $203,000 after acquiring an additional 944 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Continental Resources by 131.7% in the 3rd quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock valued at $205,000 after acquiring an additional 3,009 shares in the last quarter. Institutional investors own 23.27% of the company’s stock.

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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