Continental Resources (NYSE:CLR) Is Now Covered By Stephens. What can We Expect?

Continental Resources, Inc. (NYSE:CLR) Logo

Investors sentiment increased to 1.07 in 2018 Q2. Its up 0.08, from 0.99 in 2018Q1. It increased, as 40 investors sold Continental Resources, Inc. shares while 107 reduced holdings. 61 funds opened positions while 97 raised stakes. 82.45 million shares or 0.04% less from 82.48 million shares in 2018Q1 were reported.

State Of Wisconsin Investment Board accumulated 0.02% or 120,197 shares. 136,876 were reported by Bridges Inv Management. Moreover, Tower Rech Cap Ltd Liability Com (Trc) has 0% invested in Continental Resources, Inc. (NYSE:CLR) for 790 shares. Royal National Bank Of Canada accumulated 0% or 69,795 shares. Commerzbank Aktiengesellschaft Fi holds 103,670 shares. Kepos Cap L P owns 101,531 shares. Salem Counselors invested 0% in Continental Resources, Inc. (NYSE:CLR). State Board Of Administration Of Florida Retirement Systems reported 0.02% in Continental Resources, Inc. (NYSE:CLR). Financial Bank Of Montreal Can invested in 240,419 shares. Rafferty Asset Mgmt Lc stated it has 0% in Continental Resources, Inc. (NYSE:CLR). Bluecrest Cap Ltd has 4,059 shares for 0.01% of their portfolio. Highland Capital Mgmt Limited Partnership holds 0.5% or 136,500 shares. Pdt Prns Llc reported 268,036 shares. Korea Invest owns 122,497 shares for 0.04% of their portfolio. Southport Management Limited Liability Corp, Wyoming-based fund reported 7,500 shares.

Since September 25, 2018, it had 0 insider purchases, and 1 insider sale for $335,000 activity.

Why Has Stephens Given Continental Resources (NYSE:CLR) a $88 Price Target

Investment firm Stephens has today started coverage on Continental Resources (NYSE:CLR) shares, with a Overweight rating, while setting the price target at $88.

Continental Resources, Inc. (NYSE:CLR) Ratings Coverage

Among 14 analysts covering Continental Resources (NYSE:CLR), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Continental Resources has $92 highest and $63 lowest target. $74.64’s average target is 61.87% above currents $46.11 stock price. Continental Resources had 21 analyst reports since June 11, 2018 according to SRatingsIntel. The firm earned “Overweight” rating on Thursday, August 16 by Morgan Stanley. Morgan Stanley maintained Continental Resources, Inc. (NYSE:CLR) rating on Wednesday, September 26. Morgan Stanley has “Overweight” rating and $87 target. FBR Capital maintained it with “Buy” rating and $86 target in Monday, June 11 report. UBS maintained it with “Neutral” rating and $69 target in Thursday, July 26 report. As per Monday, August 13, the company rating was maintained by Bank of America. The firm has “Outperform” rating by Wells Fargo given on Wednesday, October 24. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Overweight” rating by Morgan Stanley on Friday, October 12. BMO Capital Markets downgraded Continental Resources, Inc. (NYSE:CLR) on Tuesday, October 9 to “Market Perform” rating. The firm has “Overweight” rating by Morgan Stanley given on Thursday, July 12. The rating was maintained by Stifel Nicolaus with “Buy” on Sunday, November 25.

The stock decreased 3.23% or $1.54 during the last trading session, reaching $46.11. About 4.02M shares traded or 62.72% up from the average. Continental Resources, Inc. (NYSE:CLR) has risen 75.85% since December 7, 2017 and is uptrending. It has outperformed by 60.23% the S&P500.

Analysts await Continental Resources, Inc. (NYSE:CLR) to report earnings on February, 20. They expect $0.84 EPS, up 104.88 % or $0.43 from last year’s $0.41 per share. CLR’s profit will be $312.46M for 13.72 P/E if the $0.84 EPS becomes a reality. After $0.90 actual EPS reported by Continental Resources, Inc. for the previous quarter, Wall Street now forecasts -6.67 % negative EPS growth.

Continental Resources, Inc. explores for, develops, and produces natural gas and crude oil properties in the north, south, and east regions of the United States. The company has market cap of $17.15 billion. The firm sells its natural gas and crude oil production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. It has a 10.64 P/E ratio. As of December 31, 2016, its estimated proved reserves were 1,275 million barrels of crude oil equivalent with estimated proved developed reserves of 519 MMBoe.

More news for Continental Resources, Inc. (NYSE:CLR) were recently published by: Seekingalpha.com, which released: “Continental’s Top Tier Acreage Will Not Last Forever – Seeking Alpha” on November 28, 2018. 247Wallst.com‘s article titled: “OPEC Likely to Cut Production: 4 Stocks to Buy – 24/7 Wall St.” and published on December 06, 2018 is yet another important article.

Continental Resources, Inc. (NYSE:CLR) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.