It May Be Time to Buy Shares of Continental Resources (NYSE:CLR) as Imperial Capital Has Upgraded The Stock

February 15, 2018 - By Dolores Ford

  It May Be Time to Buy Shares of Continental Resources (NYSE:CLR) as Imperial Capital Has Upgraded The Stock

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.31, from 1.08 in 2017Q2. It dropped, as 42 investors sold Continental Resources, Inc. shares while 107 reduced holdings. 38 funds opened positions while 77 raised stakes. 82.82 million shares or 3.64% less from 85.95 million shares in 2017Q2 were reported.

Cornerstone holds 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR) for 76 shares. Whittier Trust invested in 89,322 shares. Artemis Mgmt Llp reported 29,834 shares. Toronto Dominion Fincl Bank reported 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Lord Abbett And Co Llc holds 826,692 shares. Waratah Advisors Limited invested in 371,211 shares. Andra Ap invested in 43,600 shares or 0.04% of the stock. Blair William & Il holds 125,879 shares or 0.04% of its portfolio. Essex Invest Mgmt Ltd Liability Com invested in 104,071 shares or 0.55% of the stock. Prudential Fin accumulated 9,546 shares or 0% of the stock. Panagora Asset Mngmt accumulated 17,670 shares or 0% of the stock. Tph Asset Mngmt Ltd Liability Corporation accumulated 1.16% or 268,896 shares. Barclays Public Limited Co invested in 164,681 shares. Bridgewater Lp has invested 0.01% in Continental Resources, Inc. (NYSE:CLR). Aviva Public Limited Com has invested 0.01% in Continental Resources, Inc. (NYSE:CLR).

Since December 13, 2017, it had 0 insider buys, and 1 insider sale for $958,024 activity.

Continental Resources (NYSE:CLR) Stock Upgrade

The stock rating of Continental Resources (NYSE:CLR) shares was increased by analysts at Imperial Capital to a respectable Buy. They currently have a PT of $60.0 on CLR. Imperial Capital’s PT means a possible upside of 12.74 % from the previous stock close of the company.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.31, from 1.08 in 2017Q2. It dropped, as 42 investors sold Continental Resources, Inc. shares while 107 reduced holdings. 38 funds opened positions while 77 raised stakes. 82.82 million shares or 3.64% less from 85.95 million shares in 2017Q2 were reported.

Cornerstone holds 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR) for 76 shares. Whittier Trust invested in 89,322 shares. Artemis Mgmt Llp reported 29,834 shares. Toronto Dominion Fincl Bank reported 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Lord Abbett And Co Llc holds 826,692 shares. Waratah Advisors Limited invested in 371,211 shares. Andra Ap invested in 43,600 shares or 0.04% of the stock. Blair William & Il holds 125,879 shares or 0.04% of its portfolio. Essex Invest Mgmt Ltd Liability Com invested in 104,071 shares or 0.55% of the stock. Prudential Fin accumulated 9,546 shares or 0% of the stock. Panagora Asset Mngmt accumulated 17,670 shares or 0% of the stock. Tph Asset Mngmt Ltd Liability Corporation accumulated 1.16% or 268,896 shares. Barclays Public Limited Co invested in 164,681 shares. Bridgewater Lp has invested 0.01% in Continental Resources, Inc. (NYSE:CLR). Aviva Public Limited Com has invested 0.01% in Continental Resources, Inc. (NYSE:CLR).

Since December 13, 2017, it had 0 insider buys, and 1 insider sale for $958,024 activity.

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

Among 38 analysts covering Continental Resources Inc. (NYSE:CLR), 27 have Buy rating, 0 Sell and 11 Hold. Therefore 71% are positive. Continental Resources Inc. has $78.0 highest and $11.50 lowest target. $52.90’s average target is -0.60% below currents $53.22 stock price. Continental Resources Inc. had 143 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley maintained Continental Resources, Inc. (NYSE:CLR) rating on Wednesday, January 24. Morgan Stanley has “Overweight” rating and $70 target. The stock has “Accumulate” rating by KLR Group on Monday, July 18. The firm earned “Buy” rating on Wednesday, June 21 by BMO Capital Markets. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Overweight” rating by Barclays Capital on Thursday, August 10. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Overweight” rating by PiperJaffray on Monday, September 18. The stock of Continental Resources, Inc. (NYSE:CLR) has “Buy” rating given on Thursday, November 9 by BMO Capital Markets. The firm has “Buy” rating given on Thursday, August 25 by Nomura. The stock of Continental Resources, Inc. (NYSE:CLR) has “Buy” rating given on Tuesday, January 23 by Credit Suisse. JP Morgan initiated it with “Overweight” rating and $38 target in Wednesday, December 9 report. As per Thursday, January 21, the company rating was maintained by Nomura.

The stock decreased 0.89% or $0.48 during the last trading session, reaching $53.22. About 1.55 million shares traded. Continental Resources, Inc. (NYSE:CLR) has risen 4.05% since February 15, 2017 and is uptrending. It has underperformed by 12.65% the S&P500.

Analysts await Continental Resources, Inc. (NYSE:CLR) to report earnings on February, 28. They expect $0.20 EPS, up 385.71 % or $0.27 from last year’s $-0.07 per share. CLR’s profit will be $74.23 million for 66.53 P/E if the $0.20 EPS becomes a reality. After $0.09 actual EPS reported by Continental Resources, Inc. for the previous quarter, Wall Street now forecasts 122.22 % EPS growth.

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 $19.75 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 currently has negative earnings. 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.

Another recent and important Continental Resources, Inc. (NYSE:CLR) news was published by Prnewswire.com which published an article titled: “Continental Resources To Announce Fourth Quarter And Full-Year 2017 Results On …” on January 25, 2018.

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