Brokerages Set Continental Resources, Inc. (CLR) Target Price at $51.93
Shares of Continental Resources, Inc. (NYSE:CLR) have been assigned a consensus rating of “Buy” from the thirty-one analysts that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $51.93.
A number of brokerages have recently weighed in on CLR. Barclays reissued an “overweight” rating and set a $58.00 price objective (up from $53.00) on shares of Continental Resources in a report on Thursday, January 11th. Tudor Pickering lowered shares of Continental Resources from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group lowered shares of Continental Resources from a “positive” rating to a “neutral” rating in a report on Wednesday, January 17th. Susquehanna Bancshares reissued a “neutral” rating and set a $61.00 price objective on shares of Continental Resources in a report on Wednesday, January 17th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $57.00 price objective on shares of Continental Resources in a report on Tuesday, January 9th.
In other Continental Resources news, Director Mark E. Monroe sold 20,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $47.90, for a total value of $958,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Jack H. Stark sold 12,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $49.05, for a total transaction of $588,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,874 shares of company stock worth $2,603,673. 76.87% of the stock is owned by corporate insiders.
Shares of Continental Resources (NYSE CLR) traded down $0.48 during mid-day trading on Friday, hitting $55.17. The stock had a trading volume of 1,811,300 shares, compared to its average volume of 2,009,008. The firm has a market capitalization of $21,070.00, a P/E ratio of -788.14 and a beta of 1.44. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.85 and a current ratio of 0.94. Continental Resources has a 1-year low of $29.08 and a 1-year high of $58.89.
Continental Resources (NYSE:CLR) last issued its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $726.74 million for the quarter, compared to the consensus estimate of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The business’s quarterly revenue was up 38.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.22) earnings per share. sell-side analysts forecast that Continental Resources will post 0.34 earnings per share for the current year.
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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.
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