Continental Resources, Inc. (NYSE:CLR) – Research analysts at KeyCorp raised their Q3 2017 earnings estimates for shares of Continental Resources in a note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum now anticipates that the oil and natural gas company will earn $0.06 per share for the quarter, up from their prior estimate 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 research analysts have also recently weighed in on the stock. Credit Suisse Group raised shares of Continental Resources from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $57.00 in a research note on Friday, May 5th. They noted that the move was a valuation call. Stifel Nicolaus reissued a “buy” rating and set a $62.00 price objective on shares of Continental Resources in a research note on Friday, May 26th. Scotiabank reissued a “buy” rating and set a $52.00 price objective on shares of Continental Resources in a research note on Friday, June 30th. Barclays PLC reissued a “buy” rating and set a $34.00 price objective on shares of Continental Resources in a research note on Friday, July 7th. Finally, BidaskClub raised shares of Continental Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the stock. Continental Resources presently has an average rating of “Buy” and an average price target of $50.26.

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Shares of Continental Resources (NYSE CLR) opened at 34.49 on Friday. The firm’s market cap is $12.89 billion. Continental Resources has a 12 month low of $29.08 and a 12 month high of $60.30. The firm’s 50-day moving average price is $32.22 and its 200-day moving average price is $40.39.

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

Institutional investors have recently bought and sold shares of the stock. US Bancorp DE raised its position in Continental Resources by 65.2% in the first quarter. US Bancorp DE now owns 52,162 shares of the oil and natural gas company’s stock valued at $2,370,000 after buying an additional 20,588 shares during the last quarter. Bank of America Corp DE raised its position in 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 valued at $158,879,000 after buying an additional 1,623,470 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Continental Resources by 10.6% in the first quarter. UBS Asset Management Americas Inc. now owns 231,214 shares of the oil and natural gas company’s stock valued at $10,502,000 after buying an additional 22,201 shares during the last quarter. HighTower Advisors LLC raised its position in Continental Resources by 9.4% in the first quarter. HighTower Advisors LLC now owns 9,077 shares of the oil and natural gas company’s stock valued at $415,000 after buying an additional 777 shares during the last quarter. Finally, Impala Asset Management LLC raised its position in Continental Resources by 68.3% in the first quarter. Impala Asset Management LLC now owns 312,366 shares of the oil and natural gas company’s stock valued at $14,188,000 after buying an additional 126,724 shares during the last quarter. Institutional investors and hedge funds own 23.07% of the company’s stock.

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.

Earnings History and Estimates for Continental Resources (NYSE:CLR)

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