Somewhat Favorable News Coverage Somewhat Unlikely to Affect Continental Resources (CLR) Share Price
Media stories about Continental Resources (NYSE:CLR) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Continental Resources earned a news impact score of 0.13 on Accern’s scale. Accern also gave media headlines about the oil and natural gas company an impact score of 48.1140445643149 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Continental Resources Announces Pricing of $1 Billion Offering (oilandgas360.com)
- Continental Resources, Inc. (NYSE:CLR) – What’s Better? – Buy or Sell – Nasdaq Journal (press release) (nasdaqjournal.com)
- Zacks: Analysts Expect Continental Resources, Inc. (CLR) Will Post Quarterly Sales of $894.80 Million (americanbankingnews.com)
- Continental Proposes Debt Offering To Reduce $500 Million Term Loan (oilandgasinvestor.com)
- BRIEF-Continental Resources- Pricing Of Its Private Placement Of $1 Billion New 4 3/8% Senior Unsecured Notes (CLR) (markets.businessinsider.com)
Shares of Continental Resources (NYSE CLR) traded down $0.82 during midday trading on Wednesday, hitting $46.59. The stock had a trading volume of 1,417,195 shares, compared to its average volume of 2,820,920. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.55. Continental Resources has a 1-year low of $29.08 and a 1-year high of $57.81. The firm has a market cap of $17,938.74, a price-to-earnings ratio of 1,195.25 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 consensus estimate of $0.04 by $0.05. The business had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The business’s quarterly revenue was up 38.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.22) EPS. sell-side analysts forecast that Continental Resources will post 0.29 earnings per share for the current year.
CLR has been the subject of a number of research analyst reports. Scotiabank lowered their price target on Continental Resources from $12.50 to $11.50 and set an “outperform” rating for the company in a report on Friday, November 10th. Stifel Nicolaus set a $59.00 price target on Continental Resources and gave the stock a “buy” rating in a report on Friday, August 25th. Piper Jaffray Companies reiterated a “buy” rating and set a $41.00 price target on shares of Continental Resources in a report on Friday, October 6th. Zacks Investment Research upgraded Continental Resources from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Wednesday, November 8th. Finally, Barclays raised their target price on Continental Resources from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.69.
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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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