FY2017 EPS Estimates for Continental Resources, Inc. Lifted by Analyst (CLR)

Continental Resources, Inc. (NYSE:CLR) – Research analysts at Seaport Global Securities increased their FY2017 earnings per share (EPS) estimates for Continental Resources in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and natural gas company will post earnings of $0.15 per share for the year, up from their previous forecast of $0.09. Seaport Global Securities currently has a “Sell” rating and a $20.00 target price on the stock.

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A number of other analysts have also recently weighed in on the stock. Scotiabank restated a “buy” rating and issued a $52.00 price objective on shares of Continental Resources in a research note on Friday, June 30th. Royal Bank Of Canada restated a “buy” rating and issued a $46.00 price objective on shares of Continental Resources in a research note on Thursday, July 20th. Zacks Investment Research cut shares of Continental Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Barclays PLC restated a “buy” rating and issued a $34.00 price objective on shares of Continental Resources in a research note on Friday, July 7th. Finally, BidaskClub upgraded shares of Continental Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $46.30.

A number of institutional investors have recently made changes to their positions in the business. Benefit Street Partners LLC bought a new stake in Continental Resources in the 2nd quarter valued at $9,376,000. Archford Capital Strategies LLC increased its holdings in Continental Resources by 1,910.6% in the 2nd quarter. Archford Capital Strategies LLC now owns 10,395 shares of the oil and natural gas company’s stock valued at $946,000 after buying an additional 9,878 shares during the period. Sterling Capital Management LLC increased its holdings in Continental Resources by 65.2% in the 2nd quarter. Sterling Capital Management LLC now owns 7,600 shares of the oil and natural gas company’s stock valued at $246,000 after buying an additional 3,000 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Continental Resources by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,385 shares of the oil and natural gas company’s stock valued at $433,000 after buying an additional 920 shares during the period. Finally, Cubist Systematic Strategies LLC increased its holdings in Continental Resources by 226.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 22,813 shares of the oil and natural gas company’s stock valued at $738,000 after buying an additional 15,815 shares during the period. 23.37% of the stock is currently owned by hedge funds and other 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.

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

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