Continental Resources (CLR) to Release Quarterly Earnings on Wednesday

Continental Resources (NYSE:CLR) will release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Continental Resources to post earnings of $0.53 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Continental Resources (NYSE:CLR) last posted its quarterly earnings results on Monday, August 5th. The oil and natural gas company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). Continental Resources had a net margin of 19.64% and a return on equity of 15.09%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the business posted $0.73 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts expect Continental Resources to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE CLR opened at $28.71 on Wednesday. The company has a fifty day simple moving average of $30.44 and a 200 day simple moving average of $37.01. Continental Resources has a 12-month low of $27.26 and a 12-month high of $56.86. The company has a current ratio of 1.03, a quick ratio of 0.95 and a debt-to-equity ratio of 0.85. The company has a market cap of $10.49 billion, a P/E ratio of 10.11, a PEG ratio of 1.01 and a beta of 1.65.

Several research firms recently issued reports on CLR. Wells Fargo & Co reduced their price target on shares of Continental Resources from $55.00 to $53.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Citigroup cut Continental Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $55.00 to $35.00 in a research note on Monday, September 23rd. They noted that the move was a valuation call. Mizuho cut Continental Resources from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a research note on Thursday, October 10th. BMO Capital Markets cut Continental Resources from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $46.00 to $45.00 in a research note on Thursday, July 11th. Finally, ValuEngine upgraded Continental Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Twelve research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $49.82.

Continental Resources Company Profile

Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties primarily in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.

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Earnings History for Continental Resources (NYSE:CLR)

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