Brokers Set Expectations for Continental Resources, Inc.'s Q1 2018 Earnings (CLR)

Marco Green
April 16, 2018

American International Group Inc. bought a new stake in Continental Resources during the fourth quarter valued at about $102,000.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. The stock decreased 0.76% or $1.09 during the last trading session, reaching $142.85. About 1.71M shares traded. McKesson Corporation (NYSE:MCK) has declined 6.57% since April 16, 2017 and is downtrending. It has underperformed by 1.88% the S&P500.

ILLEGAL ACTIVITY NOTICE: "Brokers Set Expectations for Continental Resources, Inc.'s Q1 2018 Earnings (CLR)" was first published by Macon Daily and is owned by of Macon Daily. 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. The institutional investor owned 47,650 shares of the company's stock after buying an additional 10,530 shares during the period. About 1.71 million shares traded. Arosa Capital Mngmt Ltd Partnership invested 3.22% of its portfolio in Continental Resources, Inc. It has outperformed by 22.74% the S&P500. Ten equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Therefore 73% are positive. Eaton Corporation had 89 analyst reports since July 31, 2015 according to SRatingsIntel. (NYSE:CLR) has "Outperform" rating given on Tuesday, February 20 by Credit Suisse. Mizuho has "Neutral" rating and $174 target. The firm earned "Underperform" rating on Monday, October 19 by CLSA. As per Wednesday, April 11, the company rating was maintained by BMO Capital Markets. The company was upgraded on Monday, February 5 by Stifel Nicolaus. The stock of McKesson Corporation (NYSE:MCK) earned "Neutral" rating by Mizuho on Monday, September 26. (NYSE:CLR) rating on Wednesday, March 28. (NYSE:CLR) to report earnings on May, 2. The oil and natural gas company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.32 by $0.09.

Investors sentiment increased to 1.05 in Q4 2017. It's up 0.73, from 0.6 in 2017Q3. It increased, as 41 investors sold ETN shares while 281 reduced holdings. (NYSE:CLR). Morgan Stanley reported 1.16M shares. Farmers Bancorp holds 1.01% or 7,880 shares in its portfolio. Banque Pictet And Cie accumulated 45,473 shares or 0.14% of the stock. Signaturefd Limited Liability Company has 3,407 shares for 0.06% of their portfolio. Johnson Fincl holds 12,372 shares. Caymus Capital Lp reported 3.65% stake. Us Natl Bank De accumulated 27,337 shares. Haverford Tru Co reported 0.69% stake. Fifth Third Bank & Trust holds 0.01% or 20,525 shares in its portfolio. Engineers Gate Manager Lp holds 0.11% of its portfolio in Continental Resources, Inc. State Of Alaska Department Of Revenue stated it has 0.17% of its portfolio in Eaton Corporation plc (NYSE:ETN). (NYSE:CLR) on Thursday, September 14 with "Buy" rating. It also increased its holding in Amicus Therapeutics Inc. Finally, Legal & General Group Plc increased its stake in shares of Continental Resources by 4.7% in the second quarter.

Since December 13, 2017, it had 2 insider purchases, and 4 insider sales for $240,250 activity. The insider Eissenstat Eric Spencer sold $560,192. (NYSE:CLR) is 0.58. This EPS estimate consists of 12 Wall Street analysts taken into consideration by Zacks Research. They expect $0.57 EPS, up 2,750.00% or $0.55 from last year's $0.02 per share. CLR's profit will be $212.08 million for 27.13 P/E if the $0.57 EPS becomes a reality. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Continental Resources by 35.0% during the 3rd quarter. $1.31M worth of Continental Resources, Inc. The analyst recommendations from a month ago are 25 Buy, 2 Overweight, 0 Sell, 9 Hold and 0 Underweight. Continental Resources Inc. had 161 analyst reports since July 21, 2015 according to SRatingsIntel. Royal Bank of Canada restated a "buy" rating and set a $61.00 target price on shares of Continental Resources in a research report on Friday. The company was initiated on Monday, February 5 by FBR Capital. Susquehanna downgraded the shares of CLR in report on Wednesday, January 17 to "Neutral" rating. That puts the market capitalization at $220.13 mln. Continental Resources Inc now has $23.02B valuation. (NYSE:CLR) earned "Sector Perform" rating by Scotia Capital on Saturday, August 15. Deutsche Bank maintained Continental Resources, Inc. The firm has "Buy" rating given on Tuesday, January 9 by Piper Jaffray.

Analysts await Continental Resources, Inc. (NYSE:CLR) for 16,523 shares. It has been assigned a low target price of $13 and a high target price of $13.

Air T Inc (AIRT) investors sentiment increased to 1.33 in Q4 2017. Its up 0.28, from 0.77 in 2017Q3. 55 funds opened positions while 85 raised stakes. (NYSE:CLR) for 4,830 shares. Balyasny Asset Mgmt Ltd Llc accumulated 11,975 shares or 0% of the stock. Pitcairn Commerce holds 6,459 shares or 0.03% of its portfolio.

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. BlackRock Inc. lifted its stake in shares of Continental Resources by 1.4% in the 4th quarter. It increased, as 24 investors sold CLR shares while 109 reduced holdings. Moreover, Ubs Asset Mgmt Americas Incorporated has 0.01% invested in Continental Resources, Inc.

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