Equities analysts expect Continental Resources, Inc. (NYSE:CLR) to report earnings per share of $0.46 for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Continental Resources’ earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.54. Continental Resources posted earnings per share of $0.68 during the same quarter last year, which would indicate a negative year over year growth rate of 32.4%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, April 29th.
According to Zacks, analysts expect that Continental Resources will report full-year earnings of $2.17 per share for the current year, with EPS estimates ranging from $1.37 to $3.35. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.97 per share, with EPS estimates ranging from $2.02 to $3.92. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Continental Resources.
Continental Resources (NYSE:CLR) last announced its earnings results on Monday, February 18th. The oil and natural gas company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). Continental Resources had a return on equity of 18.28% and a net margin of 20.99%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm earned $0.41 EPS. Continental Resources’s quarterly revenue was up 9.8% on a year-over-year basis.
Continental Resources stock traded down $0.38 during trading on Thursday, hitting $48.50. The stock had a trading volume of 792,951 shares, compared to its average volume of 2,298,663. Continental Resources has a 1 year low of $35.54 and a 1 year high of $71.95. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.90. The company has a market cap of $18.23 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.48 and a beta of 1.46.
In related news, CEO Harold Hamm bought 191,828 shares of the company’s stock in a transaction on Monday, March 25th. The shares were purchased at an average price of $42.85 per share, for a total transaction of $8,219,829.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have acquired 1,675,805 shares of company stock worth $73,335,967. Company insiders own 76.83% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Rational Advisors LLC increased its holdings in shares of Continental Resources by 207.8% in the fourth quarter. Rational Advisors LLC now owns 674 shares of the oil and natural gas company’s stock worth $27,000 after purchasing an additional 455 shares during the period. Private Capital Group LLC increased its holdings in shares of Continental Resources by 333.3% in the fourth quarter. Private Capital Group LLC now owns 832 shares of the oil and natural gas company’s stock worth $33,000 after purchasing an additional 640 shares during the period. Legacy Advisors LLC bought a new position in shares of Continental Resources in the first quarter worth $45,000. Doyle Wealth Management bought a new position in shares of Continental Resources in the fourth quarter worth $42,000. Finally, NuWave Investment Management LLC increased its holdings in shares of Continental Resources by 18.4% in the fourth quarter. NuWave Investment Management LLC now owns 1,663 shares of the oil and natural gas company’s stock worth $67,000 after purchasing an additional 258 shares during the period. 21.54% of the stock is currently owned by hedge funds and other institutional investors.
About Continental Resources
Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties primarily 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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