Continental Resources, Inc. (NYSE:CLR) – Investment analysts at SunTrust Banks decreased their Q4 2017 earnings estimates for shares of Continental Resources in a research note issued to investors on Wednesday. SunTrust Banks analyst N. Dingmann now anticipates that the oil and natural gas company will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.13. SunTrust Banks also issued estimates for Continental Resources’ FY2020 earnings at $2.61 EPS.

CLR has been the subject of a number of other reports. Royal Bank Of Canada restated a “buy” rating and issued a $46.00 price objective on shares of Continental Resources in a report on Thursday, July 20th. Credit Suisse Group upgraded Continental Resources from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $40.00 to $57.00 in a report on Friday, May 5th. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating and issued a $62.00 price objective on shares of Continental Resources in a report on Friday, May 26th. Barclays PLC restated a “buy” rating and issued a $54.00 price objective on shares of Continental Resources in a report on Sunday, May 7th. Finally, Zacks Investment Research downgraded Continental Resources from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $50.26.

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Shares of Continental Resources (CLR) traded down 1.33% on Friday, reaching $34.03. The company’s stock had a trading volume of 1,794,853 shares. Continental Resources has a 52-week low of $29.08 and a 52-week high of $60.30. The company’s market cap is $12.72 billion. The firm has a 50 day moving average of $32.22 and a 200 day moving average of $40.39.

In other news, CEO Harold Hamm acquired 36,452 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was purchased at an average price of $42.05 per share, for a total transaction of $1,532,806.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 76.97% of the company’s stock.

Several large investors have recently modified their holdings of the company. Creative Planning raised its stake in shares of Continental Resources by 5.0% in the first quarter. Creative Planning now owns 11,091 shares of the oil and natural gas company’s stock valued at $504,000 after buying an additional 530 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Continental Resources by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 30,134 shares of the oil and natural gas company’s stock valued at $1,368,000 after buying an additional 400 shares during the last quarter. Skylands Capital LLC raised its stake in shares of Continental Resources by 414.3% in the first quarter. Skylands Capital LLC now owns 18,361 shares of the oil and natural gas company’s stock valued at $834,000 after buying an additional 14,791 shares during the last quarter. Viking Fund Management LLC raised its stake in shares of Continental Resources by 9.8% in the first quarter. Viking Fund Management LLC now owns 280,000 shares of the oil and natural gas company’s stock valued at $12,718,000 after buying an additional 25,000 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Continental Resources by 5.0% in the first quarter. CWM LLC now owns 71,515 shares of the oil and natural gas company’s stock valued at $3,248,000 after buying an additional 3,408 shares during the last quarter. Institutional investors own 23.07% of the company’s stock.

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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