Continental Resources Inc. (CLR) Stock Price Down 2.6%
Continental Resources Inc. (NYSE:CLR)’s share price was down 2.6% during trading on Monday . The company traded as low as $46.83 and last traded at $47.46, with a volume of 1,424,714 shares. The stock had previously closed at $48.72.
A number of equities analysts recently commented on CLR shares. Vetr lowered Continental Resources from a “buy” rating to a “sell” rating and set a $37.50 price objective on the stock. in a research note on Monday, May 9th. Wunderlich lifted their price objective on Continental Resources from $50.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday. Capital One Financial Corp. lowered Continental Resources from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 27th. They noted that the move was a valuation call. Scotiabank lifted their price objective on Continental Resources from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 22nd. Finally, Credit Suisse Group AG started coverage on Continental Resources in a research note on Monday, June 6th. They issued a “neutral” rating and a $43.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $42.59.
The stock has a 50 day moving average price of $45.02 and a 200 day moving average price of $36.62. The company’s market cap is $17.72 billion.
Continental Resources (NYSE:CLR) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.01. The business earned $525.70 million during the quarter, compared to analyst estimates of $518.42 million. The company’s revenue was down 33.5% compared to the same quarter last year. During the same period last year, the firm earned $0.13 EPS. Equities analysts expect that Continental Resources Inc. will post ($0.76) earnings per share for the current fiscal year.
In other Continental Resources news, SVP Eric Spencer Eissenstat sold 10,000 shares of Continental Resources stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $45.35, for a total value of $453,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Glen A. Brown sold 8,977 shares of Continental Resources stock in a transaction on Monday, June 20th. The stock was sold at an average price of $43.23, for a total value of $388,075.71. The disclosure for this sale can be found here.
Continental Resources, Inc is an independent crude oil and natural gas exploration and production 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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