Media stories about Continental Resources (NYSE:CLR) have been trending positive on Sunday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Continental Resources earned a coverage optimism score of 0.33 on Accern’s scale. Accern also assigned news stories about the oil and natural gas company an impact score of 45.6510267061819 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
CLR has been the subject of a number of analyst reports. TheStreet upgraded Continental Resources from a “d+” rating to a “c” rating in a report on Friday, November 17th. Royal Bank of Canada upped their target price on Continental Resources from $48.00 to $51.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Barclays upped their target price on Continental Resources from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Zacks Investment Research raised Continental Resources from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, November 8th. Finally, Morgan Stanley upped their target price on Continental Resources from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Continental Resources presently has an average rating of “Buy” and a consensus target price of $49.15.
Shares of Continental Resources (NYSE:CLR) opened at $57.66 on Friday. Continental Resources has a 52-week low of $29.08 and a 52-week high of $58.89. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $21,634.55, a price-to-earnings ratio of -823.60 and a beta of 1.44.
Continental Resources (NYSE:CLR) last issued its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.05. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The firm had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. During the same period last year, the company earned ($0.22) earnings per share. The firm’s revenue for the quarter was up 38.1% on a year-over-year basis. equities analysts anticipate that Continental Resources will post 0.34 EPS for the current fiscal year.
In other news, President Jack H. Stark sold 12,000 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $49.05, for a total value of $588,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gary E. Gould sold 9,874 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $50.85, for a total value of $502,092.90. The disclosure for this sale can be found here. In the last three months, insiders sold 52,874 shares of company stock valued at $2,603,673. Company insiders own 76.87% of the company’s stock.
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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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