Continental Resources (CLR) : Guild Investment Management added new position in Continental Resources during the most recent quarter end. The investment management firm now holds 28,100 shares of Continental Resources which is valued at $1,521,334 , the company said in a statement filed on Oct 11, 2016 with the SEC.Continental Resources makes up approximately 2.70% of Guild Investment Management’s portfolio.
Other Hedge Funds, Including , Raymond James Trust N.a. sold out all of its stake in CLR during the most recent quarter. The investment firm sold 9,486 shares of CLR which is valued $513,572.Bnp Paribas Arbitrage Sa boosted its stake in CLR in the latest quarter, The investment management firm added 3,001 additional shares and now holds a total of 35,531 shares of Continental Resources which is valued at $1,915,121. Continental Resources makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.
Continental Resources closed down -1 points or -1.85% at $53.14 with 28,91,728 shares getting traded on Tuesday. Post opening the session at $53.97, the shares hit an intraday low of $52.86 and an intraday high of $54.29 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Continental Resources reported $-0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.17. The company had revenue of $525.70 million for the quarter, compared to analysts expectations of $563.20 million. The company’s revenue was down -33.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.13 EPS.
Many Wall Street Analysts have commented on Continental Resources. Company shares were Reiterated by Wunderlich on Aug 19, 2016 to “Buy”, Firm has raised the Price Target to $ 59 from a previous price target of $50 .Continental Resources was Initiated by Wells Fargo to “Outperform” on Aug 16, 2016. Company shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 51 from a previous price target of $48 .
Continental Resources Inc. is an independent crude oil and natural gas exploration and production company. The Company owns 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. The Bakken field of North Dakota and Montana is a crude oil resource play. The South region includes Kansas and all properties south of Kansas and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province (SCOOP) Northwest Cana and Arkoma areas of Oklahoma. The East region comprises undeveloped leasehold acreage east of the Mississippi River.