Continental Resources, Inc. (CLR) EPS Estimated At $0.60

April 20, 2018 - By Adrian Erickson

Continental Resources, Inc. (NYSE:CLR) LogoInvestors sentiment increased to 1.05 in Q4 2017. Its up 0.28, from 0.77 in 2017Q3. It improved, as 24 investors sold Continental Resources, Inc. shares while 109 reduced holdings. 55 funds opened positions while 85 raised stakes. 81.44 million shares or 1.67% less from 82.82 million shares in 2017Q3 were reported.
Bluemountain Capital Limited Liability Co invested in 122,067 shares or 0.13% of the stock. Waratah Advsrs has 2.09% invested in Continental Resources, Inc. (NYSE:CLR). First Trust Advsr L P owns 0.03% invested in Continental Resources, Inc. (NYSE:CLR) for 244,595 shares. Pdts Prtnrs Ltd Limited Liability Company holds 504,381 shares. Qs Investors Limited Com reported 0% stake. Jvl Advsrs Limited Com owns 265,030 shares. Southport Mngmt Limited Liability Co owns 1.3% invested in Continental Resources, Inc. (NYSE:CLR) for 10,000 shares. Alphamark Advisors Ltd Liability Corp holds 1.78% or 85,904 shares in its portfolio. California-based Hennessy Inc has invested 0.01% in Continental Resources, Inc. (NYSE:CLR). Prelude Capital Mgmt Limited Co invested 0.17% in Continental Resources, Inc. (NYSE:CLR). Brant Point Invest Ltd Liability Company holds 0.27% or 49,800 shares in its portfolio. Greenleaf Trust accumulated 5,169 shares. Robeco Institutional Asset Mngmt Bv holds 5,365 shares or 0% of its portfolio. Citigroup holds 388,219 shares or 0.02% of its portfolio. The Alaska-based State Of Alaska Department Of Revenue has invested 0.01% in Continental Resources, Inc. (NYSE:CLR).

Since December 13, 2017, it had 2 buys, and 4 insider sales for $240,250 activity. On Monday, March 12 McNabb John T II sold $313,635 worth of Continental Resources, Inc. (NYSE:CLR) or 6,000 shares. Eissenstat Eric Spencer also sold $560,192 worth of Continental Resources, Inc. (NYSE:CLR) shares. 15,000 shares were sold by Hart John D, worth $796,950 on Thursday, March 8. Another trade for 20,000 shares valued at $958,024 was made by MONROE MARK E on Wednesday, December 13.

Analysts expect Continental Resources, Inc. (NYSE:CLR) to report $0.60 EPS on May, 2 after the close.They anticipate $0.58 EPS change or 2,900.00 % from last quarter’s $0.02 EPS. CLR’s profit would be $223.25M giving it 26.56 P/E if the $0.60 EPS is correct. After having $0.41 EPS previously, Continental Resources, Inc.’s analysts see 46.34 % EPS growth. The stock decreased 0.45% or $0.29 during the last trading session, reaching $63.75. About 2.22M shares traded. Continental Resources, Inc. (NYSE:CLR) has risen 34.29% since April 20, 2017 and is uptrending. It has outperformed by 22.74% the S&P500.

Continental Resources, Inc. (NYSE:CLR) Ratings Coverage

Among 26 analysts covering Continental Resources (NYSE:CLR), 20 have Buy rating, 0 Sell and 6 Hold. Therefore 77% are positive. Continental Resources had 53 analyst reports since November 8, 2017 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Wednesday, December 20. The firm earned “Buy” rating on Monday, March 19 by Jefferies. Morgan Stanley maintained the shares of CLR in report on Wednesday, November 8 with “Overweight” rating. Cowen & Co maintained the shares of CLR in report on Thursday, January 18 with “Hold” rating. As per Tuesday, December 19, the company rating was upgraded by Seaport Global. Macquarie Research upgraded Continental Resources, Inc. (NYSE:CLR) on Thursday, December 14 to “Buy” rating. As per Thursday, November 9, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating given on Tuesday, February 6 by Stephens. RBC Capital Markets maintained Continental Resources, Inc. (NYSE:CLR) rating on Thursday, February 22. RBC Capital Markets has “Buy” rating and $55.0 target. The firm has “Buy” rating by FBR Capital given on Friday, February 23.

Continental Resources, Inc. explores for, develops, and produces natural gas and crude oil properties in the north, south, and east regions of the United States. The company has market cap of $23.72 billion. The firm sells its natural gas and crude oil production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. It has a 30.21 P/E ratio. As of December 31, 2016, its estimated proved reserves were 1,275 million barrels of crude oil equivalent with estimated proved developed reserves of 519 MMBoe.

Continental Resources, Inc. (NYSE:CLR) Institutional Positions Chart

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