Continental Resources, Inc. (CLR) Expected to Earn FY2017 Earnings of $0.39 Per Share

Continental Resources, Inc. (NYSE:CLR) – Investment analysts at B. Riley issued their FY2017 earnings per share estimates for Continental Resources in a report issued on Monday. B. Riley analyst R. Rashid anticipates that the oil and natural gas company will post earnings of $0.39 per share for the year. B. Riley currently has a “Buy” rating and a $78.00 price target on the stock. B. Riley also issued estimates for Continental Resources’ Q4 2017 earnings at $0.29 EPS, Q1 2018 earnings at $0.62 EPS, Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $2.22 EPS, Q1 2019 earnings at $0.56 EPS, Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $0.66 EPS and FY2019 earnings at $2.34 EPS.

A number of other research firms have also weighed in on CLR. Barclays lifted their price objective on shares of Continental Resources from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Morgan Stanley lifted their price objective on shares of Continental Resources from $51.00 to $56.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. Royal Bank of Canada reiterated a “buy” rating and issued a $52.00 price objective on shares of Continental Resources in a research note on Wednesday, December 20th. Scotiabank reduced their price objective on shares of Continental Resources from $12.50 to $11.50 and set an “outperform” rating for the company in a research note on Friday, November 10th. Finally, ValuEngine upgraded shares of Continental Resources from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Continental Resources presently has a consensus rating of “Buy” and a consensus price target of $53.56.

Continental Resources (NYSE:CLR) opened at $51.85 on Thursday. Continental Resources has a one year low of $29.08 and a one year high of $58.89. The firm has a market cap of $20,024.90, a P/E ratio of -740.61 and a beta of 1.36. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.55.

Several hedge funds and other institutional investors have recently bought and sold shares of CLR. AGF Investments Inc. lifted its stake in Continental Resources by 39.4% in the fourth quarter. AGF Investments Inc. now owns 74,539 shares of the oil and natural gas company’s stock worth $3,948,000 after purchasing an additional 21,074 shares during the last quarter. Wealthstreet Investment Advisors LLC bought a new stake in Continental Resources in the fourth quarter worth $201,000. Whittier Trust Co. lifted its stake in Continental Resources by 6.7% in the fourth quarter. Whittier Trust Co. now owns 95,338 shares of the oil and natural gas company’s stock worth $5,050,000 after purchasing an additional 6,016 shares during the last quarter. KBC Group NV lifted its stake in Continental Resources by 1,611.8% in the fourth quarter. KBC Group NV now owns 121,124 shares of the oil and natural gas company’s stock worth $6,416,000 after purchasing an additional 114,048 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Continental Resources by 29.4% in the fourth quarter. California Public Employees Retirement System now owns 303,127 shares of the oil and natural gas company’s stock worth $16,057,000 after purchasing an additional 68,859 shares during the last quarter. 22.54% of the stock is owned by institutional investors.

In other news, Director Mark E. Monroe sold 20,000 shares of Continental Resources stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $47.90, for a total transaction of $958,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John D. Hart sold 6,000 shares of Continental Resources stock in a transaction on Thursday, December 21st. The stock was 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. Insiders have sold a total of 52,874 shares of company stock valued at $2,603,673 over the last ninety days. 76.87% of the stock is currently 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.

Earnings History and Estimates for Continental Resources (NYSE:CLR)

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