Recent Research Experts’ Ratings Changes for Continental Resources (CLR)

Recent Research Experts’ Ratings Changes for Continental Resources (CLR)

A number of research firms have changed their ratings and price targets for Continental Resources (NYSE: CLR):

Continental Resources, Inc. (NYSE:CLR) traded up 1.76% during mid-day trading on Tuesday, hitting $43.39. The stock had a trading volume of 2,844,958 shares. Continental Resources, Inc. has a one year low of $27.46 and a one year high of $60.30. The firm’s 50-day moving average is $45.01 and its 200 day moving average is $49.32. The stock’s market cap is $16.08 billion.

Continental Resources (NYSE:CLR) last released its quarterly earnings results on Wednesday, February 22nd. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. The business had revenue of $549.70 million for the quarter, compared to the consensus estimate of $583.45 million. Continental Resources had a negative net margin of 28.27% and a negative return on equity of 8.69%. Continental Resources’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.38) EPS. Equities research analysts expect that Continental Resources, Inc. will post $0.58 EPS for the current year.

In other news, CFO John D. Hart sold 6,000 shares of the firm’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $45.50, for a total transaction of $273,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 76.97% of the stock is currently owned by company insiders.

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.

Related posts

Leave a Comment