KeyCorp Weighs in on Continental Resources, Inc.’s Q3 2017 Earnings (CLR)

Continental Resources, Inc. (NYSE:CLR) – Investment analysts at KeyCorp increased their Q3 2017 earnings per share estimates for Continental Resources in a research report issued to clients and investors on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and natural gas company will earn $0.06 per share for the quarter, up from their prior forecast of ($0.04). KeyCorp also issued estimates for Continental Resources’ Q4 2017 earnings at $0.15 EPS, FY2017 earnings at $0.22 EPS and FY2018 earnings at $0.69 EPS.

A number of other analysts also recently commented on the stock. KLR Group boosted their target price on shares of Continental Resources from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. BidaskClub upgraded shares of Continental Resources from a “sell” rating to a “hold” rating in a report on Saturday. FBR & Co dropped their target price on shares of Continental Resources from $56.00 to $46.00 and set a “mkt perform” rating on the stock in a report on Monday, May 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $63.00 target price on shares of Continental Resources in a report on Tuesday, April 25th. Finally, Barclays PLC set a $37.00 target price on shares of Continental Resources and gave the stock an “overweight” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. Continental Resources currently has an average rating of “Buy” and an average target price of $50.09.

WARNING: This piece was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://transcriptdaily.com/2017/08/13/keycorp-weighs-in-on-continental-resources-inc-s-q3-2017-earnings-clr.html.

Continental Resources (NYSE CLR) opened at 34.54 on Friday. The company’s 50-day moving average is $32.34 and its 200 day moving average is $40.27. Continental Resources has a 12-month low of $29.08 and a 12-month high of $60.30. The stock’s market capitalization is $12.82 billion.

In other Continental Resources news, CEO Harold Hamm acquired 36,452 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was bought at an average price of $42.05 per share, for a total transaction of $1,532,806.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 76.97% of the company’s stock.

Several institutional investors have recently made changes to their positions in CLR. BlackRock Inc. boosted its position in shares of Continental Resources by 4,992.6% in the first quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock worth $225,346,000 after buying an additional 4,863,974 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Continental Resources by 474.8% in the second quarter. Renaissance Technologies LLC now owns 2,892,600 shares of the oil and natural gas company’s stock worth $93,518,000 after buying an additional 2,389,400 shares in the last quarter. FMR LLC boosted its position in shares of Continental Resources by 16.5% in the second quarter. FMR LLC now owns 13,208,383 shares of the oil and natural gas company’s stock worth $427,027,000 after buying an additional 1,875,103 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Continental Resources by 26.4% in the second quarter. Vanguard Group Inc. now owns 8,149,867 shares of the oil and natural gas company’s stock worth $263,485,000 after buying an additional 1,703,303 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Continental Resources by 86.6% in the first quarter. Bank of America Corp DE now owns 3,497,989 shares of the oil and natural gas company’s stock worth $158,879,000 after buying an additional 1,623,470 shares in the last quarter. Institutional investors own 23.07% 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)

Receive News & Ratings for Continental Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply