Continental Resources, Inc. (NYSE:CLR) – Equities research analysts at SunTrust Banks issued their Q3 2017 EPS estimates for Continental Resources in a report released on Thursday. SunTrust Banks analyst N. Dingmann anticipates that the oil and natural gas company will earn $0.03 per share for the quarter. SunTrust Banks has a “Buy” rating and a $50.00 price objective on the stock. SunTrust Banks also issued estimates for Continental Resources’ Q4 2017 earnings at $0.12 EPS, FY2017 earnings at $0.16 EPS, FY2018 earnings at $0.67 EPS and FY2019 earnings at $1.15 EPS.
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Other analysts have also recently issued reports about the stock. Scotiabank reaffirmed a “buy” rating and set a $52.00 target price on shares of Continental Resources in a report on Friday, June 30th. Imperial Capital began coverage on shares of Continental Resources in a report on Tuesday, September 19th. They set an “in-line” rating and a $41.00 target price for the company. Barclays PLC set a $37.00 target price on shares of Continental Resources and gave the company an “overweight” rating in a report on Thursday, August 10th. Cowen and Company set a $35.00 target price on shares of Continental Resources and gave the company a “hold” rating in a report on Tuesday, July 18th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $41.00 target price on shares of Continental Resources in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $46.30.
Continental Resources (CLR) opened at 37.31 on Monday. The company has a 50-day moving average of $36.44 and a 200-day moving average of $36.93. The stock’s market capitalization is $13.85 billion. Continental Resources has a 1-year low of $29.08 and a 1-year high of $60.30.
A number of hedge funds and other institutional investors have recently bought and sold shares of CLR. BlackRock Inc. increased its position in Continental Resources by 4,992.6% during the 1st quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock valued at $225,346,000 after purchasing an additional 4,863,974 shares during the period. Renaissance Technologies LLC grew its position in shares of Continental Resources by 474.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,892,600 shares of the oil and natural gas company’s stock worth $93,518,000 after buying an additional 2,389,400 shares during the last quarter. FMR LLC grew its position in shares of Continental Resources by 16.5% in the 2nd quarter. FMR LLC now owns 13,208,383 shares of the oil and natural gas company’s stock worth $427,027,000 after buying an additional 1,875,103 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Continental Resources by 26.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,149,867 shares of the oil and natural gas company’s stock worth $263,485,000 after buying an additional 1,703,303 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its position in shares of Continental Resources by 208.2% in the 2nd quarter. Balyasny Asset Management LLC now owns 2,384,953 shares of the oil and natural gas company’s stock worth $77,106,000 after buying an additional 1,611,003 shares during the last quarter. 23.38% of the stock is currently owned by institutional investors and hedge funds.
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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