KeyCorp reiterated their hold rating on shares of Continental Resources, Inc. (NYSE:CLR) in a research report sent to investors on Monday morning. KeyCorp also issued estimates for Continental Resources’ Q4 2017 earnings at $0.22 EPS, FY2017 earnings at $0.32 EPS and FY2018 earnings at $0.91 EPS.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut Continental Resources from a buy rating to a hold rating in a research note on Monday. BMO Capital Markets upped their price target on Continental Resources from $8.00 to $11.00 in a research note on Monday. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $55.00 price target on shares of Continental Resources in a research note on Friday, November 10th. Scotiabank lowered their price target on Continental Resources from $12.50 to $11.50 and set an outperform rating for the company in a research note on Friday, November 10th. Finally, Royal Bank Of Canada upped their price target on Continental Resources from $48.00 to $51.00 and gave the company an outperform rating in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company. Continental Resources has an average rating of Buy and an average target price of $46.35.

Shares of Continental Resources (NYSE:CLR) opened at $45.52 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.94 and a quick ratio of 0.85. The company has a market capitalization of $16,824.37, a PE ratio of 1,121.00 and a beta of 1.40. Continental Resources has a 52 week low of $29.08 and a 52 week high of $60.30.

Continental Resources (NYSE:CLR) last announced its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The company had revenue of $726.74 million during the quarter, compared to analysts’ expectations of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. Continental Resources’s revenue was up 38.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.22) EPS. sell-side analysts predict that Continental Resources will post 0.27 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC boosted its holdings in shares of Continental Resources by 1.5% in the 2nd quarter. ProShare Advisors LLC now owns 8,180 shares of the oil and natural gas company’s stock valued at $264,000 after buying an additional 118 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Continental Resources by 1.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,873 shares of the oil and natural gas company’s stock valued at $255,000 after buying an additional 146 shares during the last quarter. Utah Retirement Systems boosted its holdings in shares of Continental Resources by 1.3% in the 2nd quarter. Utah Retirement Systems now owns 16,004 shares of the oil and natural gas company’s stock valued at $517,000 after buying an additional 200 shares during the last quarter. Aviva PLC boosted its holdings in shares of Continental Resources by 0.5% in the 2nd quarter. Aviva PLC now owns 56,252 shares of the oil and natural gas company’s stock valued at $1,819,000 after buying an additional 300 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Continental Resources by 1.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 39,941 shares of the oil and natural gas company’s stock valued at $1,277,000 after buying an additional 647 shares during the last quarter. 23.27% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Continental Resources (NYSE:CLR)

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