The stock of Continental Resources, Inc. (NYSE:CLR) is a huge mover today! About 1.03M shares traded hands. Continental Resources, Inc. (NYSE:CLR) has risen 75.67% since March 16, 2016 and is uptrending. It has outperformed by 70.13% the S&P500.
The move comes after 8 months positive chart setup for the $19.93 billion company. It was reported on Oct, 19 by Barchart.com. We have $64.66 PT which if reached, will make NYSE:CLR worth $4.19B more.
Analysts await Continental Resources, Inc. (NYSE:CLR) to report earnings on November, 2. They expect $-0.11 earnings per share, up 8.33% or $0.01 from last year’s $-0.12 per share. After $-0.18 actual earnings per share reported by Continental Resources, Inc. for the previous quarter, Wall Street now forecasts -38.89% EPS growth.
Continental Resources, Inc. (NYSE:CLR) Ratings Coverage
Out of 26 analysts covering Continental Resources Inc. (NYSE:CLR), 17 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 65% are positive. Continental Resources Inc. has been the topic of 64 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Continental Resources, Inc. (NYSE:CLR) has “Sector Perform” rating given on Saturday, August 15 by Scotia Capital. The stock has “Buy” rating given by Deutsche Bank on Wednesday, April 13. Tudor Pickering upgraded Continental Resources, Inc. (NYSE:CLR) on Monday, January 18 to “Buy” rating. Canaccord Genuity maintained the shares of CLR in a report on Wednesday, August 5 with “Buy” rating. Bank of America downgraded Continental Resources, Inc. (NYSE:CLR) on Monday, August 24 to “Neutral” rating. The firm has “Positive” rating by Susquehanna given on Tuesday, January 26. Bank of America upgraded the stock to “Buy” rating in Tuesday, January 5 report. The rating was maintained by Scotia Capital with “Outperform” on Monday, June 27. The rating was downgraded by KLR Group on Monday, July 18 to “Accumulate”. Deutsche Bank maintained it with “Hold” rating and $38 target price in Wednesday, October 14 report.
According to Zacks Investment Research, “CONTINENTAL RESOURCES is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The Company focuses its operations in large new and developing plays where horizontal drilling, advanced fracture stimulation and enhanced recovery technologies provide the means to economically develop and produce oil and natural gas reserves from unconventional formations.”
Insitutional Activity: The institutional sentiment is 1.08 in 2016 Q2. Its the same as in 2016Q1. The ratio is the same, as 43 funds sold all Continental Resources, Inc. shares owned while 105 reduced positions. only 61 funds bought stakes while 99 increased positions. They now own 86.18 million shares or 0.46% less from 86.58 million shares in 2016Q1.
State Of Tennessee Treasury Department holds 200,000 shares or 0.05% of its portfolio. Sumitomo Mitsui Asset Limited last reported 6,365 shares in the company. Moreover, Credit Suisse Ag has 0.01% invested in Continental Resources, Inc. (NYSE:CLR) for 204,638 shares. Impala Asset Mngmt Ltd Liability has 910,800 shares for 2.97% of their US portfolio. Waddell And Reed reported 3.81 million shares or 0.36% of all its holdings. Putnam Ltd Liability Com owns 127,283 shares or 0.01% of their US portfolio. Columbus Hill Capital Mgmt Lp holds 1.34 million shares or 4.51% of its portfolio. Carlson Cap L P last reported 1.71M shares in the company. Verition Fund Limited Com, a Connecticut-based fund reported 28,653 shares. Cushing Asset L P accumulated 0.02% or 15,477 shares. Deutsche National Bank & Trust Ag holds 785,801 shares or 0.03% of its portfolio. Group Inc holds 5,318 shares or 0% of its portfolio. The New York-based Millennium Mngmt Lc has invested 0.02% in Continental Resources, Inc. (NYSE:CLR). Moreover, Invesco has 0.01% invested in Continental Resources, Inc. (NYSE:CLR) for 790,322 shares. The Colorado-based Obermeyer Wood Invest Counsel Lllp has invested 0.03% in Continental Resources, Inc. (NYSE:CLR).
Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 10 selling transactions for $3.44 million net activity. $433,201 worth of Continental Resources, Inc. (NYSE:CLR) was sold by Eissenstat Eric Spencer. 13,500 Continental Resources, Inc. (NYSE:CLR) shares with value of $572,698 were sold by Hart John D. BOREN DAVID L also sold $205,502 worth of Continental Resources, Inc. (NYSE:CLR) shares. 5,000 shares were sold by Gould Gary E, worth $221,601 on Friday, August 5. McNabb John T II had sold 5,000 shares worth $221,959 on Friday, August 5. Owen Steven K sold $148,918 worth of stock. The insider Stark Jack H sold 12,000 shares worth $590,878.
More news for Continental Resources, Inc. (NYSE:CLR) were recently published by: Forbes.com, which released: “Continental Resources Reaches Analyst Target Price” on October 07, 2016. 247Wallst.com‘s article titled: “Top Analyst Upgrades and Downgrades: Continental Resources, Freeport-McMoRan …” and published on October 17, 2016 is yet another important article.
CLR Company Profile
Continental Resources, Inc., incorporated on November 16, 1967, is an independent natural gas and crude oil exploration and production firm 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. The South region includes Kansas and all properties south of Kansas and west of the Mississippi River, including various plays in the South Central Oklahoma Oil Province (SCOOP), Sooner Trend Anadarko Canadian Kingfisher (STACK), Northwest Cana and Arkoma Woodford areas of Oklahoma. The East region includes undeveloped leasehold acreage east of the Mississippi River. The Company’s estimated proved reserves are approximately 1,230 million barrels of crude oil equivalent (MMBoe) with estimated proved developed reserves of over 520 MMBoe. The Company’s crude oil production is sold to crude oil refining companies at market centers.
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