Continental Resources, Inc. (NYSE:CLR) – Investment analysts at Imperial Capital issued their Q3 2017 earnings estimates for Continental Resources in a research note issued to investors on Tuesday. Imperial Capital analyst J. Wangler expects that the oil and natural gas company will post earnings per share of ($0.04) for the quarter. Imperial Capital has a “In-Line” rating and a $41.00 price target on the stock. Imperial Capital also issued estimates for Continental Resources’ Q4 2017 earnings at $0.00 EPS, FY2017 earnings at ($0.03) EPS and FY2018 earnings at $0.65 EPS.

Several other equities research analysts have also recently commented on CLR. Stifel Nicolaus reaffirmed a “buy” rating and issued a $62.00 price target on shares of Continental Resources in a report on Friday, May 26th. ValuEngine lowered Continental Resources from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $63.00 price objective on Continental Resources and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Wolfe Research assumed coverage on Continental Resources in a research report on Thursday, June 15th. They issued an “outperform” rating and a $45.00 price objective for the company. Finally, Seaport Global Securities lowered Continental Resources from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $57.00 to $20.00 in a research report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.83.

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Shares of Continental Resources (NYSE:CLR) opened at 37.82 on Thursday. The company’s market cap is $14.04 billion. The firm has a 50-day moving average price of $33.93 and a 200-day moving average price of $37.73. Continental Resources has a 1-year low of $29.08 and a 1-year high of $60.30.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Continental Resources by 86.6% during the first quarter. Bank of America Corp DE now owns 3,497,989 shares of the oil and natural gas company’s stock worth $158,879,000 after purchasing an additional 1,623,470 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Continental Resources by 10.6% during the first quarter. UBS Asset Management Americas Inc. now owns 231,214 shares of the oil and natural gas company’s stock worth $10,502,000 after purchasing an additional 22,201 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Continental Resources by 9.4% during the first quarter. HighTower Advisors LLC now owns 9,077 shares of the oil and natural gas company’s stock worth $415,000 after purchasing an additional 777 shares in the last quarter. Wesbanco Bank Inc. increased its position in shares of Continental Resources by 14.1% during the second quarter. Wesbanco Bank Inc. now owns 132,764 shares of the oil and natural gas company’s stock worth $4,293,000 after purchasing an additional 16,375 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Continental Resources during the first quarter worth about $351,000. Institutional investors and hedge funds own 23.30% of the company’s stock.

About Continental Resources

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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