Wall Street brokerages expect Continental Resources, Inc. (NYSE:CLR) to report $0.20 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Continental Resources’ earnings. The highest EPS estimate is $0.42 and the lowest is $0.05. Continental Resources posted earnings of ($0.07) per share during the same quarter last year, which suggests a positive year over year growth rate of 385.7%. The firm is expected to report its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that Continental Resources will report full-year earnings of $0.29 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.52. For the next fiscal year, analysts expect that the company will post earnings of $0.82 per share, with EPS estimates ranging from ($0.54) to $2.13. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Continental Resources.
Continental Resources (NYSE:CLR) last released its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. The business had revenue of $726.74 million during the quarter, compared to analyst estimates of $710.77 million. During the same period in the previous year, the business earned ($0.22) EPS. Continental Resources’s revenue was up 38.1% compared to the same quarter last year.
A number of research analysts have recently commented on the stock. ValuEngine upgraded shares of Continental Resources from a “sell” rating to a “hold” rating in a research report on Friday. SunTrust Banks restated a “buy” rating and set a $55.00 price target on shares of Continental Resources in a research report on Friday, November 10th. BMO Capital Markets restated a “buy” rating on shares of Continental Resources in a research report on Sunday, November 12th. Zacks Investment Research lowered shares of Continental Resources from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Finally, Scotiabank reduced their price target on shares of Continental Resources from $12.50 to $11.50 and set an “outperform” rating for the company in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $46.69.
Large investors have recently made changes to their positions in the stock. Toronto Dominion Bank grew its position in Continental Resources by 244.1% in the third quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock worth $153,000 after acquiring an additional 2,810 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in Continental Resources by 35.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock worth $187,000 after acquiring an additional 1,261 shares in the last quarter. Sii Investments Inc. WI purchased a new position in Continental Resources in the third quarter worth $200,000. Shell Asset Management Co. grew its position in Continental Resources by 17.7% in the second quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock worth $203,000 after acquiring an additional 944 shares in the last quarter. Finally, Sei Investments Co. grew its position in Continental Resources by 131.7% in the third quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock worth $205,000 after acquiring an additional 3,009 shares in the last quarter. Institutional investors own 22.61% of the company’s stock.
Continental Resources (NYSE CLR) traded up $1.14 during trading on Friday, reaching $48.47. 2,267,087 shares of the company were exchanged, compared to its average volume of 2,759,634. Continental Resources has a fifty-two week low of $29.08 and a fifty-two week high of $58.50. The stock has a market cap of $18,186.38, a price-to-earnings ratio of 1,211.75 and a beta of 1.44. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.94 and a quick ratio of 0.85.
Continental Resources Company Profile
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.
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