Published: Mon, April 16, 2018
Business | By Tara Barton

Continental Resources, Inc. (CLR) Receives $58.42 Average PT from Analysts

(NYSE:CLR) have been assigned a consensus rating of "Buy" from the thirty-one ratings firms that are presently covering the stock, reports. Financial Architects invested in 0% or 300 shares. The stock decreased 0.23% or $0.18 during the last trading session, reaching $77.26. About 1.71M shares traded. It is down 38.89% since April 16, 2017 and is uptrending. It has underperformed by 18.12% the S&P500. Stifel Nicolaus set a $68.00 target price on Continental Resources and gave the stock a "buy" rating in a research report on Wednesday, March 28th. Brenham Capital Management Lp sold 410,000 shares as the company's stock rose 10.33% while stock markets declined. Johnston now forecasts that the oil and natural gas company will earn $0.66 per share for the quarter, up from their previous forecast of $0.49. The institutional investor owned 47,650 shares of the company's stock after buying an additional 10,530 shares during the period.

The stock increased 1.43% or $0.87 during the last trading session, reaching $61.86.

Looking at some analyst views on shares of Continental Resources, Inc. It has outperformed by 22.74% the S&P500. KLR Group upgraded Continental Resources from a "hold" rating to a "buy" rating and set a $66.00 price objective for the company in a report on Friday, February 23rd. Therefore 55% are positive. Eaton Corporation had 89 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Thursday, November 2 by Citigroup. The company was maintained on Thursday, February 1 by Jefferies. The stock has "Buy" rating by Stifel Nicolaus on Friday, August 25. The rating was maintained by Jefferies with "Hold" on Wednesday, October 18. The company was maintained on Wednesday, April 11 by Piper Jaffray. Bank of America maintained the stock with "Neutral" rating in Tuesday, June 7 report. The stock has "Outperform" rating by Credit Agricole on Monday, August 10. The stock of McKesson Corporation (NYSE:MCK) has "Buy" rating given on Friday, February 2 by Needham. (NYSE:CLR) to report earnings on May, 2. They expect $3.57 earnings per share, up 5.31% or $0.18 from last year's $3.39 per share. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04.

Investors sentiment decreased to 0.79 in Q4 2017. Its up 0.28, from 0.77 in 2017Q3. It fall, as 73 investors sold MCK shares while 310 reduced holdings. (NYSE:CLR). Morgan Stanley reported 1.16M shares. Cubist Systematic Strategies Ltd Company has 12,454 shares for 0.1% of their portfolio. Signaturefd Limited Liability Company has 3,407 shares for 0.06% of their portfolio. Us Natl Bank De accumulated 27,337 shares. Miles reported 0.12% stake. Waratah Capital Advsrs Limited holds 340,633 shares. Toronto Dominion Commercial Bank holds 5,529 shares.

Blackrock Inc. holds 0% of its portfolio in Air T, Inc. for 9,741 shares. 190,633 were reported by Mitsubishi Ufj Tru And Bk Corp. Goelzer Inv invested 0.58% of its portfolio in Eaton Corporation plc (NYSE:ETN). Choate Invest Advisors invested 0.03% of its portfolio in McKesson Corporation (NYSE:MCK). (NYSE:NWHM) is performing -14.92%. It also increased its holding in Amicus Therapeutics Inc. Xact Kapitalforvaltning AB lifted its holdings in Continental Resources by 17.7% during the 4th quarter. 65,000 shares valued at $10.40M were sold by HAMMERGREN JOHN H on Thursday, December 14.

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Since January 1, 0001, it had 16 insider buys, and 2 insider sales for $304,502 activity. The shares were sold at an average price of $45.01, for a total value of $540,120.00. Below is a list of Continental Resources, Inc. (NYSE:CLR) is 0.58. This EPS estimate consists of 12 Wall Street analysts taken into consideration by Zacks Research. CLR's profit will be $212.08 million for 27.13 P/E if the $0.57 EPS becomes a reality. Envestnet Asset Mngmt owns 0% invested in Continental Resources, Inc. $1.31M worth of Continental Resources, Inc. (NYSE:CLR) on Wednesday, April 11 with "Buy" rating. Continental Resources Inc. had 161 analyst reports since July 21, 2015 according to SRatingsIntel. It has been assigned a low target price of $53 and a high target price of $75. The rating was maintained by BMO Capital Markets with "Buy" on Thursday, February 15. $560,192 worth of Continental Resources, Inc. The firm has "Buy" rating by Argus Research given on Tuesday, August 4.

Want to see what other hedge funds are holding CLR? Stifel Nicolaus maintained Continental Resources, Inc. (NYSE:CLR) for 16,523 shares. The company has a consensus rating of "Buy" and a consensus price target of $57.48.

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.28, from 0.77 in 2017Q3. Barrett Asset Ltd owns 24 shares. 55 funds opened positions while 85 raised stakes. About 1.71M shares traded. The Massachusetts-based Fmr Llc has invested 0% in the stock. Louisiana State Employees Retirement holds 0.1% or 26,700 shares. Credit Capital Invs Lc accumulated 1.86% or 33,816 shares.

Continental Resources, Inc is an independent crude oil and natural gas exploration and production company with properties in the North, South and East regions of the United States. Finally, Calton & Associates Inc. purchased a new position in shares of Continental Resources in the fourth quarter worth about $200,000. Eaton Corporation plc (NYSE:ETN) has risen 9.67% since April 16, 2017 and is uptrending. California-based San Francisco Sentry Inv Grp (Ca) has invested 0% in Continental Resources, Inc.

Shares of NYSE CLR opened at $61.86 on Monday.

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