Continental Resources, Inc. (NYSE:CLR) – Investment analysts at Imperial Capital issued their Q1 2018 earnings estimates for shares of Continental Resources in a research note issued to investors on Thursday. Imperial Capital analyst J. Wangler anticipates that the oil and natural gas company will earn $0.18 per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $60.00 price target on the stock. Imperial Capital also issued estimates for Continental Resources’ Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.26 EPS and Q4 2018 earnings at $0.34 EPS.

CLR has been the subject of a number of other research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $46.00 price target on shares of Continental Resources in a research report on Thursday, July 20th. Cowen and Company set a $35.00 price objective on Continental Resources and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Zacks Investment Research upgraded Continental Resources from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday. Piper Jaffray Companies reiterated a “buy” rating and issued a $41.00 price objective on shares of Continental Resources in a research note on Friday, October 6th. Finally, Bank of America Corporation lifted their price objective on Continental Resources from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $47.31.

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Shares of Continental Resources (CLR) opened at $46.69 on Friday. Continental Resources has a 12-month low of $29.08 and a 12-month high of $60.30. The firm has a market capitalization of $17,518.51, a PE ratio of 1,167.25 and a beta of 1.40. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.94 and a quick ratio of 0.76.

Continental Resources (NYSE:CLR) last announced its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The company had revenue of $726.74 million during the quarter, compared to analysts’ expectations of $710.77 million. During the same quarter in the previous year, the firm earned ($0.22) earnings per share. The business’s quarterly revenue was up 38.1% compared to the same quarter last year.

Several hedge funds have recently added to or reduced their stakes in the company. Wesbanco Bank Inc. boosted its holdings in shares of Continental Resources by 14.1% in the 2nd quarter. Wesbanco Bank Inc. now owns 132,764 shares of the oil and natural gas company’s stock worth $4,293,000 after acquiring an additional 16,375 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Continental Resources by 9.4% in the 1st quarter. HighTower Advisors LLC now owns 9,077 shares of the oil and natural gas company’s stock worth $415,000 after acquiring an additional 777 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Continental Resources by 4,992.6% in the 1st quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock worth $225,346,000 after acquiring an additional 4,863,974 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Continental Resources by 1.3% in the 2nd quarter. Whittier Trust Co. now owns 111,750 shares of the oil and natural gas company’s stock worth $3,612,000 after acquiring an additional 1,404 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Continental Resources by 10.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 200,174 shares of the oil and natural gas company’s stock worth $9,092,000 after acquiring an additional 19,189 shares in the last quarter. Institutional investors own 23.23% 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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