Continental Resources, Inc. (NYSE:CLR) – Stock analysts at Capital One Financial increased their FY2017 EPS estimates for Continental Resources in a research report issued on Tuesday. Capital One Financial analyst P. Johnston now expects that the oil and natural gas company will earn $0.45 per share for the year, up from their previous estimate of $0.18. Capital One Financial also issued estimates for Continental Resources’ Q4 2017 earnings at $0.40 EPS and FY2018 earnings at $2.12 EPS.
Several other research analysts have also recently issued reports on the stock. B. Riley started coverage on shares of Continental Resources in a report on Monday. They set a “buy” rating and a $78.00 target price on the stock. Deutsche Bank started coverage on shares of Continental Resources in a report on Thursday, February 1st. They issued a “buy” rating and a $70.00 price target on the stock. Stifel Nicolaus set a $71.00 price target on shares of Continental Resources and gave the company a “buy” rating in a report on Monday, January 29th. Jefferies Group set a $68.00 price target on shares of Continental Resources and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Morgan Stanley raised their price target on shares of Continental Resources from $56.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $53.56.
Large investors have recently modified their holdings of the business. Miller Howard Investments Inc. NY lifted its stake in shares of Continental Resources by 22.5% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 22,097 shares of the oil and natural gas company’s stock valued at $853,000 after purchasing an additional 4,060 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Continental Resources during the 3rd quarter valued at about $1,313,000. Wells Fargo & Company MN raised its holdings in shares of Continental Resources by 40.5% during the 3rd quarter. Wells Fargo & Company MN now owns 568,536 shares of the oil and natural gas company’s stock valued at $21,951,000 after buying an additional 163,935 shares during the period. Ninepoint Partners LP purchased a new stake in shares of Continental Resources during the 3rd quarter valued at about $7,896,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Continental Resources during the 3rd quarter valued at about $266,000. 22.54% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Mark E. Monroe sold 20,000 shares of Continental Resources stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $47.90, for a total transaction of $958,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Gary E. Gould sold 9,874 shares of Continental Resources stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $50.85, for a total value of $502,092.90. The disclosure for this sale can be found here. Insiders sold 52,874 shares of company stock valued at $2,603,673 in the last quarter. 76.87% of the stock is currently owned by company insiders.
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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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