Continental Resources, Inc. (NYSE:CLR) – Investment analysts at Capital One Financial reduced their Q4 2018 earnings per share (EPS) estimates for shares of Continental Resources in a note issued to investors on Thursday, November 1st. Capital One Financial analyst P. Johnston now expects that the oil and natural gas company will earn $0.80 per share for the quarter, down from their prior forecast of $0.84. Capital One Financial also issued estimates for Continental Resources’ Q1 2019 earnings at $0.84 EPS, Q2 2019 earnings at $0.91 EPS, Q3 2019 earnings at $0.98 EPS and Q4 2019 earnings at $1.04 EPS.
Continental Resources (NYSE:CLR) last announced its quarterly earnings results on Monday, October 29th. The oil and natural gas company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.08. Continental Resources had a net margin of 35.43% and a return on equity of 18.48%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the business earned $0.09 EPS. The firm’s revenue was up 76.4% on a year-over-year basis.
Shares of CLR stock opened at $49.93 on Monday. Continental Resources has a 12-month low of $40.96 and a 12-month high of $71.95. The firm has a market capitalization of $18.77 billion, a PE ratio of 97.90, a PEG ratio of 1.27 and a beta of 1.46. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.92 and a quick ratio of 0.89.
In related news, SVP Gary E. Gould sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $67.00, for a total value of $335,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 76.83% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its position in Continental Resources by 16.9% during the 2nd quarter. FMR LLC now owns 14,985,708 shares of the oil and natural gas company’s stock worth $970,474,000 after buying an additional 2,170,030 shares in the last quarter. BlackRock Inc. lifted its position in Continental Resources by 5.6% during the 2nd quarter. BlackRock Inc. now owns 4,829,027 shares of the oil and natural gas company’s stock worth $312,729,000 after buying an additional 256,614 shares in the last quarter. Millennium Management LLC lifted its position in Continental Resources by 269.1% during the 2nd quarter. Millennium Management LLC now owns 1,415,575 shares of the oil and natural gas company’s stock worth $91,673,000 after buying an additional 1,032,069 shares in the last quarter. Bank of America Corp DE lifted its position in Continental Resources by 20.3% during the 2nd quarter. Bank of America Corp DE now owns 1,345,658 shares of the oil and natural gas company’s stock worth $87,146,000 after buying an additional 226,626 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in Continental Resources by 2,976.3% during the 2nd quarter. Voya Investment Management LLC now owns 825,169 shares of the oil and natural gas company’s stock worth $53,438,000 after buying an additional 798,346 shares in the last quarter. 22.49% of the stock is currently owned by institutional investors and hedge funds.
About Continental Resources
Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.
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