Continental Resources, Inc. (CLR) EPS Estimated At $0.84

October 13, 2018 - By Marguerite Chambers

Continental Resources, Inc. (NYSE:CLR) LogoInvestors sentiment increased to 1.07 in 2018 Q2. Its up 0.08, from 0.99 in 2018Q1. It improved, as 40 investors sold Continental Resources, Inc. shares while 107 reduced holdings. 61 funds opened positions while 97 raised stakes. 82.45 million shares or 0.04% less from 82.48 million shares in 2018Q1 were reported.
Rafferty Asset Mngmt Ltd has invested 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Essex Investment Management Ltd Co holds 0.65% or 80,566 shares in its portfolio. Credit Capital Invests Lc invested in 1.03% or 18,000 shares. Prudential Public Limited invested 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Miller Howard Inc New York holds 3,613 shares or 0.01% of its portfolio. Bbva Compass National Bank & Trust stated it has 26,858 shares. 160 are owned by Brown Brothers Harriman Com. 8,396 were reported by Parkwood Limited Company. Tiaa Cref Inv Mgmt Lc has invested 0.07% in Continental Resources, Inc. (NYSE:CLR). Citadel Ltd Limited Liability Company holds 0.01% or 405,485 shares in its portfolio. Nuwave Invest Management Ltd Llc reported 179 shares. 620,907 were reported by Jennison Associates Lc. 141,237 are owned by Credit Suisse Ag. Holt Capital Advisors Limited Liability Com Dba Holt Capital L P stated it has 20,100 shares or 0.39% of all its holdings. Moneta Advsrs Ltd Liability Corporation owns 0.02% invested in Continental Resources, Inc. (NYSE:CLR) for 2,512 shares.

Since May 7, 2018, it had 1 insider buy, and 7 insider sales for $5.30 million activity. 10,000 shares were sold by Eissenstat Eric Spencer, worth $695,001. $342,500 worth of Continental Resources, Inc. (NYSE:CLR) shares were sold by Hart John D. Another trade for 18,000 shares valued at $1.19M was made by Owen Steven K on Monday, May 7. Shares for $205,084 were sold by McNabb John T II on Thursday, May 10. Another trade for 4,444 shares valued at $300,725 was sold by MCCAIN ELLIS L.

Analysts expect Continental Resources, Inc. (NYSE:CLR) to report $0.84 EPS on November, 6.They anticipate $0.75 EPS change or 833.33 % from last quarter’s $0.09 EPS. CLR’s profit would be $312.43M giving it 17.99 P/E if the $0.84 EPS is correct. After having $0.73 EPS previously, Continental Resources, Inc.’s analysts see 15.07 % EPS growth. The stock increased 2.27% or $1.34 during the last trading session, reaching $60.45. About 2.13 million shares traded or 19.42% up from the average. Continental Resources, Inc. (NYSE:CLR) has risen 75.85% since October 13, 2017 and is uptrending. It has outperformed by 60.23% the S&P500.

Continental Resources, Inc. (NYSE:CLR) Ratings Coverage

Among 18 analysts covering Continental Resources (NYSE:CLR), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. Continental Resources had 27 analyst reports since April 18, 2018 according to SRatingsIntel. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Buy” rating by Bank of America on Monday, August 13. The firm has “Buy” rating given on Tuesday, April 24 by Stephens. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Buy” rating by Guggenheim on Monday, April 23. BMO Capital Markets downgraded Continental Resources, Inc. (NYSE:CLR) on Tuesday, October 9 to “Market Perform” rating. UBS maintained Continental Resources, Inc. (NYSE:CLR) on Thursday, July 26 with “Neutral” rating. The rating was maintained by JP Morgan on Tuesday, May 1 with “Neutral”. The firm earned “Hold” rating on Thursday, April 19 by Susquehanna. On Tuesday, July 24 the stock rating was upgraded by KLR Group to “Buy”. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, May 24. Citigroup maintained Continental Resources, Inc. (NYSE:CLR) rating on Wednesday, July 25. Citigroup has “Neutral” rating and $68 target.

Continental Resources, Inc. explores for, develops, and produces natural gas and crude oil properties in the north, south, and east regions of the United States. The company has market cap of $22.48 billion. The firm sells its natural gas and crude oil production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. It has a 17.11 P/E ratio. As of December 31, 2016, its estimated proved reserves were 1,275 million barrels of crude oil equivalent with estimated proved developed reserves of 519 MMBoe.

Another recent and important Continental Resources, Inc. (NYSE:CLR) news was published by which published an article titled: “Consider Buying Chevron As Oil Prices Climb” on October 11, 2018.

Continental Resources, Inc. (NYSE:CLR) Institutional Positions Chart

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