Media coverage about Continental Resources (NYSE:CLR) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Continental Resources earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the oil and natural gas company an impact score of 45.5803488414212 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern’s scoring:
A number of equities research analysts recently commented on the company. Barclays reissued an “overweight” rating and issued a $58.00 price target (up from $53.00) on shares of Continental Resources in a research report on Thursday, January 11th. Credit Suisse Group assumed coverage on Continental Resources in a research report on Monday, December 11th. They issued an “outperform” rating and a $57.00 price target for the company. Zacks Investment Research lowered Continental Resources from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Macquarie raised Continental Resources from a “neutral” rating to an “outperform” rating and increased their price target for the company from $53.57 to $55.00 in a research report on Thursday, December 14th. Finally, KeyCorp reissued a “hold” rating on shares of Continental Resources in a research report on Monday, November 13th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $50.98.
Shares of Continental Resources (NYSE CLR) traded up $0.52 during mid-day trading on Tuesday, hitting $57.04. The stock had a trading volume of 2,228,572 shares, compared to its average volume of 2,012,093. The company has a market cap of $21,400.00, a price-to-earnings ratio of -814.86 and a beta of 1.44. Continental Resources has a 12-month low of $29.08 and a 12-month high of $58.89. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55.
Continental Resources (NYSE:CLR) last released its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, beating 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 company had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. During the same period in the previous year, the company posted ($0.22) earnings per share. The firm’s revenue was up 38.1% on a year-over-year basis. research analysts forecast that Continental Resources will post 0.34 EPS for the current fiscal year.
In other Continental Resources news, SVP Gary E. Gould sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $49.52, for a total value of $247,600.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark E. Monroe sold 20,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $47.90, for a total value of $958,000.00. The disclosure for this sale can be found here. Insiders have sold 52,874 shares of company stock worth $2,603,673 over the last 90 days. 76.87% of the stock is currently owned by corporate insiders.
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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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