Revenue Update on Continental Resources(NYSE:CLR)

Continental Resources(NYSE:CLR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $451.21M. Analysts estimated a revenue of $539.04M. Earnings per share were $-0.18. Analysts had estimated an EPS of $-0.19.

In a different note, On Aug 1, 2016, SunTrust Robinson Humphrey said it Upgrades its rating on Continental Resources. The shares have been rated ‘Buy’ by the firm. On Jul 20, 2016, Deutsche Bank said it Maintains its rating on Continental Resources. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 18, 2016, KLR Group said it Downgrades its rating on Continental Resources. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Accumulate’ by the firm. On Jun 14, 2016, Deutsche Bank said it Maintains its rating on Continental Resources. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Buy’ by the firm. Credit Suisse said it Initiates Coverage on Continental Resources, according to a research note issued on Jun 6, 2016. The shares have been rated ‘Neutral’ by the firm. On May 6, 2016, Wunderlich said it Maintains its rating on Continental Resources. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Buy’ by the firm.

Continental Resources (CLR) made into the market gainers list on Fridays trading session with the shares advancing 0.36% or 0.17 points. Due to strong positive momentum, the stock ended at $46.75, which is also near the day’s high of $46.98. The stock began the session at $46.73 and the volume stood at 20,83,972 shares. The 52-week high of the shares is $47.31 and the 52 week low is $13.94. The company has a current market capitalization of $17,511 M and it has 37,45,61,750 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Harold Hamm (CEO & Chairman) sold 1.80505408E8 shares at $19.39 per share price.Also, On Jun 24, 2016, Eric Spencer Eissenstat (SVP, GC, CRO & Secretary) sold 10,000 shares at $45.35 per share price.On Jun 22, 2016, Glen A Brown (SVP, Exploration) sold 8,977 shares at $43.23 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Continental Resources - Is it time to Sell?

Top Brokerage Firms are advising their investors on Continental Resources. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.