Continental Resources, Inc. (NYSE:CLR) – Research analysts at KeyCorp upped their Q1 2018 earnings per share (EPS) estimates for shares of Continental Resources in a research note issued on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and natural gas company will earn $0.40 per share for the quarter, up from their prior forecast of $0.14. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Continental Resources’ Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.36 EPS and FY2018 earnings at $1.53 EPS.
Continental Resources (NYSE:CLR) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.05. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. The business had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. During the same quarter in the prior year, the firm earned ($0.22) EPS. The firm’s quarterly revenue was up 38.1% compared to the same quarter last year.
Shares of Continental Resources (NYSE CLR) opened at $47.20 on Friday. 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 fifty-two week low of $29.08 and a fifty-two week high of $53.57. The firm has a market cap of $17,650.00, a PE ratio of 1,184.00 and a beta of 1.44.
In other Continental Resources news, Director Mark E. Monroe sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $47.90, for a total transaction of $958,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 76.87% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank lifted its position in Continental Resources by 244.1% during the 3rd quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after purchasing an additional 2,810 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in Continental Resources by 35.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock valued at $187,000 after purchasing an additional 1,261 shares during the period. Sii Investments Inc. WI acquired a new position in Continental Resources during the 3rd quarter valued at about $200,000. Shell Asset Management Co. lifted its position in Continental Resources by 17.7% during the 2nd quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock valued at $203,000 after purchasing an additional 944 shares during the period. Finally, Sei Investments Co. lifted its position in Continental Resources by 131.7% during the 3rd quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock valued at $205,000 after purchasing an additional 3,009 shares during the period. Institutional investors own 22.59% 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.
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