Continental Resources, Inc. (CLR) EPS Estimated At $0.75

July 14, 2018 - By Vernon Rice

Continental Resources, Inc. (NYSE:CLR) LogoInvestors sentiment decreased to 0.99 in Q1 2018. Its down 0.06, from 1.05 in 2017Q4. It turned negative, as 36 investors sold Continental Resources, Inc. shares while 110 reduced holdings. 55 funds opened positions while 89 raised stakes. 82.48 million shares or 1.28% more from 81.44 million shares in 2017Q4 were reported.
881,372 are held by Cramer Rosenthal Mcglynn Ltd Liability Co. Credit Agricole S A reported 2,600 shares or 0.01% of all its holdings. Bokf Na owns 0.08% invested in Continental Resources, Inc. (NYSE:CLR) for 49,091 shares. The Ontario – Canada-based Canada Pension Plan Investment Board has invested 0.03% in Continental Resources, Inc. (NYSE:CLR). Rafferty Asset Ltd has 0.02% invested in Continental Resources, Inc. (NYSE:CLR). Sandy Spring Financial Bank accumulated 780 shares. 184,604 were reported by Invesco Ltd. Essex Inv Mgmt Ltd Llc has 100,264 shares. Regions Fin stated it has 189,651 shares. Cwm Llc reported 0.13% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Element Capital Management Ltd has 0.23% invested in Continental Resources, Inc. (NYSE:CLR) for 167,426 shares. Wealthtrust holds 0.01% or 366 shares in its portfolio. Intl reported 7,666 shares. Macroview Investment Mgmt Ltd Liability invested 0.01% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Westpac Bk invested 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR).

Since March 1, 2018, it had 3 insider buys, and 10 insider sales for $6.50 million activity. The insider MCCAIN ELLIS L sold $300,725. Hamm Harold had bought 136,000 shares worth $8.88 million. $1.19M worth of Continental Resources, Inc. (NYSE:CLR) shares were sold by Owen Steven K. Hart John D sold $696,000 worth of stock or 10,000 shares. $313,635 worth of Continental Resources, Inc. (NYSE:CLR) was sold by McNabb John T II on Monday, March 12.

Analysts expect Continental Resources, Inc. (NYSE:CLR) to report $0.75 EPS on August, 14.CLR’s profit would be $278.93M giving it 20.81 P/E if the $0.75 EPS is correct. After having $0.68 EPS previously, Continental Resources, Inc.’s analysts see 10.29 % EPS growth. The stock increased 0.79% or $0.49 during the last trading session, reaching $62.42. About 1.75M shares traded. Continental Resources, Inc. (NYSE:CLR) has risen 61.38% since July 14, 2017 and is uptrending. It has outperformed by 48.81% the S&P500.

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

Among 24 analysts covering Continental Resources (NYSE:CLR), 16 have Buy rating, 0 Sell and 8 Hold. Therefore 67% are positive. Continental Resources had 48 analyst reports since January 17, 2018 according to SRatingsIntel. SunTrust maintained Continental Resources, Inc. (NYSE:CLR) rating on Sunday, April 22. SunTrust has “Buy” rating and $8000 target. Piper Jaffray maintained it with “Buy” rating and $62.0 target in Wednesday, March 14 report. The company was maintained on Tuesday, May 1 by JP Morgan. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, May 24 report. The firm has “Buy” rating by Deutsche Bank given on Thursday, February 22. Goldman Sachs downgraded the shares of CLR in report on Thursday, April 12 to “Neutral” rating. Guggenheim maintained Continental Resources, Inc. (NYSE:CLR) on Monday, April 23 with “Buy” rating. The firm has “Buy” rating by RBC Capital Markets given on Thursday, February 22. BMO Capital Markets maintained Continental Resources, Inc. (NYSE:CLR) on Wednesday, April 11 with “Buy” rating. Citigroup downgraded Continental Resources, Inc. (NYSE:CLR) rating on Tuesday, May 8. Citigroup has “Hold” rating and $6500 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 $23.21 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 22.8 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 Seekingalpha.com which published an article titled: “Continental Resources – The Place To Be” on June 18, 2018.

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

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