Continental Resources (CLR) Receives Coverage Optimism Rating of 0.37
Headlines about Continental Resources (NYSE:CLR) have trended positive on Friday, according to Alpha One Sentiment Analysis. The research firm, a service of Accern, identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Continental Resources earned a media sentiment score of 0.37 on Alpha One’s scale. Alpha One also assigned news coverage about the oil and natural gas company an impact score of 96 out of 100, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Alpha One Sentiment’s analysis:
- Research Analysts Offer Predictions for Continental Resources, Inc.’s Q1 2017 Earnings (CLR) (americanbankingnews.com)
- Q1 2017 EPS Estimates for Continental Resources, Inc. (CLR) Lowered by KeyCorp (americanbankingnews.com)
- Continental Resources, Inc. (CLR) Given Buy Rating at Barclays PLC (americanbankingnews.com)
- Continental Resources, Inc. – Value Analysis (NYSE:CLR) : April 20, 2017 (finance.yahoo.com)
- Jefferies Group Weighs in on Continental Resources, Inc.’s Q3 2017 Earnings (CLR) (americanbankingnews.com)
A number of research analysts recently issued reports on the stock. Jefferies Group LLC upgraded shares of Continental Resources from an “underperform” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Tuesday, January 17th. Zacks Investment Research upgraded shares of Continental Resources from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, February 7th. BMO Capital Markets dropped their target price on shares of Continental Resources from $13.00 to $11.50 in a research report on Thursday, March 9th. Canaccord Genuity set a $61.00 price target on shares of Continental Resources and gave the company a “buy” rating in a research note on Saturday, February 11th. Finally, Barclays PLC restated a “buy” rating and set a $53.00 price target on shares of Continental Resources in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Continental Resources has a consensus rating of “Buy” and an average target price of $52.80.
Shares of Continental Resources (NYSE:CLR) traded down 0.07% during trading on Friday, hitting $43.21. 2,630,295 shares of the company were exchanged. Continental Resources has a 1-year low of $34.43 and a 1-year high of $60.30. The company has a 50 day moving average of $44.68 and a 200-day moving average of $49.05. The stock’s market capitalization is $16.01 billion.
Continental Resources (NYSE:CLR) last posted its quarterly earnings data on Wednesday, February 22nd. The oil and natural gas company reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.04. Continental Resources had a negative return on equity of 8.69% and a negative net margin of 28.27%. The firm had revenue of $549.70 million for the quarter, compared to analysts’ expectations of $583.45 million. During the same period in the previous year, the firm earned ($0.38) EPS. The business’s quarterly revenue was down 4.5% on a year-over-year basis. On average, analysts forecast that Continental Resources will post $0.53 earnings per share for the current year.
In related news, CFO John D. Hart sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $45.50, for a total value of $273,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Harold Hamm purchased 41,998 shares of the stock in a transaction that occurred on Friday, March 24th. The stock was acquired at an average cost of $42.37 per share, for a total transaction of $1,779,455.26. The disclosure for this purchase can be found here. 76.97% of the stock is owned by insiders.
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About Continental Resources
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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