Somewhat Positive News Coverage Somewhat Unlikely to Affect Continental Resources (CLR) Stock Price
News articles about Continental Resources (NYSE:CLR) have trended somewhat positive on Wednesday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. 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 daily sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the oil and natural gas company an impact score of 47.7870865874788 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Can The Permian Push Prices Down To $40? (finance.yahoo.com)
- Continental on the Street: Analysts’ Recommendations after 2Q17 (finance.yahoo.com)
- $720.06 Million in Sales Expected for Continental Resources, Inc. (NYSE:CLR) This Quarter (americanbankingnews.com)
- Brokers Set Expectations for Continental Resources, Inc.’s Q3 2017 Earnings (CLR) (americanbankingnews.com)
- Twin Tree Management, Lp Increases Its Stake in Continental Resources, Inc. (CLR) Stock Last Quarter – Modern Readers (modernreaders.com)
A number of equities research analysts have recently issued reports on the company. BidaskClub upgraded Continental Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Barclays PLC set a $37.00 price target on Continental Resources and gave the company an “overweight” rating in a research report on Thursday, August 10th. Royal Bank Of Canada set a $63.00 price target on Continental Resources and gave the company a “buy” rating in a research report on Saturday, June 3rd. BMO Capital Markets dropped their price target on Continental Resources from $45.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, July 14th. Finally, Zacks Investment Research upgraded Continental Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. Continental Resources presently has a consensus rating of “Buy” and a consensus target price of $50.09.
Shares of Continental Resources (CLR) opened at 33.14 on Wednesday. The firm’s market capitalization is $12.30 billion. Continental Resources has a 52 week low of $29.08 and a 52 week high of $60.30. The stock has a 50 day moving average price of $32.47 and a 200 day moving average price of $39.84.
In related news, CEO Harold Hamm acquired 36,452 shares of the stock in a transaction dated Wednesday, May 24th. The stock was bought at an average cost of $42.05 per share, with a total value of $1,532,806.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 76.97% of the stock is owned by 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.
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