Wall Street analysts expect that Continental Resources, Inc. (NYSE:CLR) will announce earnings per share (EPS) of $0.28 for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Continental Resources’ earnings. The lowest EPS estimate is $0.07 and the highest is $0.40. Continental Resources reported earnings per share of ($0.07) during the same quarter last year, which suggests a positive year-over-year growth rate of 500%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Continental Resources will report full-year earnings of $0.38 per share for the current year, with EPS estimates ranging from $0.26 to $0.51. For the next fiscal year, analysts forecast that the company will report earnings of $1.71 per share, with EPS estimates ranging from $0.50 to $2.36. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Continental Resources.

Several equities research analysts recently commented on CLR shares. Morgan Stanley raised their target price on Continental Resources from $51.00 to $56.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 8th. Royal Bank of Canada reissued a “buy” rating and issued a $52.00 price objective on shares of Continental Resources in a research note on Wednesday, December 20th. Scotiabank dropped their target price on Continental Resources from $12.50 to $11.50 and set an “outperform” rating on the stock in a report on Friday, November 10th. ValuEngine upgraded Continental Resources from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, TheStreet upgraded Continental Resources from a “d+” rating to a “c” rating in a report on Friday, November 17th. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $53.56.

In related news, SVP Gary E. Gould sold 9,874 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $50.85, for a total transaction of $502,092.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark E. Monroe sold 20,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $47.90, for a total transaction of $958,000.00. The disclosure for this sale can be found here. Insiders sold 52,874 shares of company stock worth $2,603,673 over the last ninety days. Corporate insiders own 76.87% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Continental Resources by 26.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,149,867 shares of the oil and natural gas company’s stock valued at $263,485,000 after acquiring an additional 1,703,303 shares in the last quarter. BlackRock Inc. grew its stake in shares of Continental Resources by 1.4% in the 4th quarter. BlackRock Inc. now owns 4,754,734 shares of the oil and natural gas company’s stock valued at $251,860,000 after buying an additional 64,943 shares during the period. State Street Corp grew its stake in shares of Continental Resources by 14.4% in the 2nd quarter. State Street Corp now owns 3,200,659 shares of the oil and natural gas company’s stock valued at $103,474,000 after buying an additional 403,667 shares during the period. Jennison Associates LLC lifted its holdings in shares of Continental Resources by 1.5% in the 4th quarter. Jennison Associates LLC now owns 1,631,882 shares of the oil and natural gas company’s stock worth $86,441,000 after acquiring an additional 24,848 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Continental Resources by 101.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,740 shares of the oil and natural gas company’s stock worth $57,798,000 after acquiring an additional 748,025 shares during the last quarter. Hedge funds and other institutional investors own 22.54% of the company’s stock.

Shares of Continental Resources (NYSE CLR) opened at $49.06 on Friday. Continental Resources has a one year low of $29.08 and a one year high of $58.89. The company has a market capitalization of $18,410.00, a P/E ratio of -700.86 and a beta of 1.36. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.85 and a current ratio of 0.94.

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

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