Continental Resources, Inc. (CLR) to Post Q3 2017 Earnings of $0.05 Per Share, KeyCorp Forecasts

Continental Resources, Inc. (NYSE:CLR) – Stock analysts at KeyCorp boosted their Q3 2017 earnings per share estimates for shares of Continental Resources in a research note issued to investors on Wednesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and natural gas company will post earnings per share of $0.05 for the quarter, up from their prior forecast of $0.04. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Continental Resources’ FY2017 earnings at $0.18 EPS, Q3 2018 earnings at $0.14 EPS and Q4 2018 earnings at $0.25 EPS.

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CLR has been the topic of several other research reports. BidaskClub upgraded Continental Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Continental Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Barclays PLC increased their target price on Continental Resources from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Citigroup Inc. dropped their target price on Continental Resources from $60.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $46.00 target price on shares of Continental Resources in a research report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $46.50.

Shares of Continental Resources (CLR) opened at 37.62 on Monday. The stock has a 50 day moving average price of $37.02 and a 200-day moving average price of $36.51. Continental Resources has a 52-week low of $29.08 and a 52-week high of $60.30. The firm’s market capitalization is $13.96 billion.

Several large investors have recently made changes to their positions in CLR. Comerica Bank grew its stake in shares of Continental Resources by 0.7% during the first quarter. Comerica Bank now owns 15,941 shares of the oil and natural gas company’s stock valued at $677,000 after buying an additional 110 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Continental Resources by 10.6% during the first quarter. UBS Asset Management Americas Inc. now owns 231,214 shares of the oil and natural gas company’s stock valued at $10,502,000 after buying an additional 22,201 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Continental Resources by 1.4% during the first quarter. Ameriprise Financial Inc. now owns 39,294 shares of the oil and natural gas company’s stock valued at $1,785,000 after buying an additional 533 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Continental Resources by 234.3% during the first quarter. JPMorgan Chase & Co. now owns 210,051 shares of the oil and natural gas company’s stock valued at $9,540,000 after buying an additional 147,209 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Continental Resources by 4.7% during the first quarter. KBC Group NV now owns 4,657 shares of the oil and natural gas company’s stock valued at $211,000 after buying an additional 207 shares during the last quarter. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Continental Resources (NYSE:CLR)

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