Continental Resources, Inc. (NYSE:CLR) has earned an average rating of “Buy” from the thirty research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, nineteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $57.35.
Several research firms recently commented on CLR. Barclays restated an “overweight” rating and issued a $58.00 price target (up from $53.00) on shares of Continental Resources in a research note on Thursday, January 11th. Tudor Pickering downgraded shares of Continental Resources from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Morgan Stanley upped their price target on shares of Continental Resources from $56.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. UBS Group downgraded shares of Continental Resources from a “positive” rating to a “neutral” rating in a research note on Wednesday, January 17th. Finally, Susquehanna Bancshares restated a “neutral” rating and issued a $61.00 price target on shares of Continental Resources in a research note on Wednesday, January 17th.
In related news, CEO Harold Hamm bought 99,028 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $50.26 per share, with a total value of $4,977,147.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John D. Hart sold 6,000 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $51.23, for a total transaction of $307,380.00. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 156,909 shares of company stock valued at $7,846,156 and have sold 32,874 shares valued at $1,645,673. Corporate insiders own 76.87% of the company’s stock.
Continental Resources (NYSE:CLR) traded up $0.02 during trading hours on Friday, hitting $52.74. 678,173 shares of the company’s stock traded hands, compared to its average volume of 2,490,121. Continental Resources has a 12-month low of $29.08 and a 12-month high of $58.89. The firm has a market capitalization of $19,850.00, a P/E ratio of 277.53 and a beta of 1.45. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.87 and a current ratio of 0.94.
Continental Resources (NYSE:CLR) last released its quarterly earnings results on Wednesday, February 21st. The oil and natural gas company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.09. Continental Resources had a net margin of 25.30% and a return on equity of 4.25%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $978.63 million. During the same period in the prior year, the company posted ($0.07) earnings per share. Continental Resources’s revenue was up 90.5% compared to the same quarter last year. equities research analysts expect that Continental Resources will post 2.35 earnings per share for the current year.
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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.
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