Continental Resources, Inc. (NYSE:CLR) – Seaport Global Securities lifted their Q3 2017 earnings per share (EPS) estimates for Continental Resources in a research report issued on Wednesday. Seaport Global Securities analyst M. Kelly now expects that the oil and natural gas company will post earnings per share of $0.03 for the quarter, up from their prior forecast of ($0.02). Seaport Global Securities currently has a “Sell” rating and a $20.00 target price on the stock. Seaport Global Securities also issued estimates for Continental Resources’ Q4 2017 earnings at $0.05 EPS, FY2017 earnings at $0.09 EPS, Q1 2018 earnings at ($0.18) EPS, Q2 2018 earnings at ($0.18) EPS, Q3 2018 earnings at ($0.09) EPS, Q4 2018 earnings at ($0.09) EPS and FY2018 earnings at ($0.54) EPS.

CLR has been the topic of several other reports. Credit Suisse Group upgraded shares of Continental Resources from a “neutral” rating to an “outperform” rating and upped their target price for the company from $40.00 to $57.00 in a research report on Friday, May 5th. They noted that the move was a valuation call. Barclays PLC restated a “buy” rating and set a $53.00 target price (down from $58.00) on shares of Continental Resources in a research report on Thursday, April 20th. ValuEngine cut shares of Continental Resources from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Citigroup Inc. decreased their target price on shares of 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, BidaskClub cut shares of Continental Resources from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the company. Continental Resources currently has a consensus rating of “Buy” and a consensus price target of $50.26.

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Continental Resources (NYSE CLR) opened at 34.49 on Friday. Continental Resources has a 52 week low of $29.08 and a 52 week high of $60.30. The stock’s 50 day moving average price is $32.22 and its 200-day moving average price is $40.39. The company’s market capitalization is $12.89 billion.

Large investors have recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Continental Resources by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,019 shares of the oil and natural gas company’s stock valued at $637,000 after buying an additional 36 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Continental Resources by 1.4% in the first quarter. M&T Bank Corp now owns 6,125 shares of the oil and natural gas company’s stock valued at $278,000 after buying an additional 85 shares during the last quarter. Hanseatic Management Services Inc. boosted its stake in shares of Continental Resources by 0.7% in the first quarter. Hanseatic Management Services Inc. now owns 12,047 shares of the oil and natural gas company’s stock valued at $547,000 after buying an additional 87 shares during the last quarter. Comerica Bank boosted its stake in shares of Continental Resources by 0.7% in 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. Finally, ProShare Advisors LLC boosted its stake in shares of Continental Resources by 1.5% in the second 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. 23.07% of the stock is owned by hedge funds and other institutional investors.

In other Continental Resources news, CEO Harold Hamm purchased 36,452 shares of the stock in a transaction dated Wednesday, May 24th. The stock was purchased at an average price of $42.05 per share, with a total value of $1,532,806.60. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 76.97% of the stock is currently owned by corporate insiders.

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.

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

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