Continental Resources (NYSE:CLR) Given News Impact Score of 0.10
Press coverage about Continental Resources (NYSE:CLR) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern 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 0.10 on Accern’s scale. Accern also assigned news headlines about the oil and natural gas company an impact score of 46.6279144299223 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Jefferies Group Reiterates Buy Rating for Continental Resources (CLR) (americanbankingnews.com)
- Morgan Stanley Raises Continental Resources (CLR) Price Target to $70.00 (americanbankingnews.com)
- Continental Resources To Announce Fourth Quarter And Full-Year 2017 Results On Wednesday, February 21, 2018 (finance.yahoo.com)
- Continental Resources, Inc. (CLR) to Post Q4 2017 Earnings of $0.31 Per Share, Imperial Capital Forecasts (americanbankingnews.com)
- The Zacks Analyst Blog Highlights: EOG Resources, Continental Resources, Pioneer Natural and Matador Resources (finance.yahoo.com)
Several brokerages have recently commented on CLR. Barclays reaffirmed an “overweight” rating and set a $58.00 price objective (up from $53.00) on shares of Continental Resources in a research note on Thursday, January 11th. Tudor Pickering downgraded shares of Continental Resources from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Morgan Stanley upped their price objective on shares of Continental Resources from $56.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. UBS Group downgraded shares of Continental Resources from a “positive” rating to a “neutral” rating in a research note on Wednesday, January 17th. Finally, Susquehanna Bancshares reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Continental Resources in a research note on Wednesday, January 17th. Ten analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $52.10.
Continental Resources (NYSE:CLR) last posted its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. The firm had revenue of $726.74 million for the quarter, compared to analysts’ expectations of $710.77 million. During the same quarter in the prior year, the company posted ($0.22) earnings per share. The business’s revenue for the quarter was up 38.1% on a year-over-year basis. sell-side analysts forecast that Continental Resources will post 0.36 EPS for the current year.
In related news, SVP Gary E. Gould sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $49.52, for a total value of $247,600.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark E. Monroe sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $47.90, for a total transaction of $958,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,874 shares of company stock worth $2,603,673. Corporate insiders own 76.87% of the company’s stock.
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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