Somewhat Favorable News Coverage Somewhat Unlikely to Impact Continental Resources (NYSE:CLR) Share Price
News coverage about Continental Resources (NYSE:CLR) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Continental Resources earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media coverage about the oil and natural gas company an impact score of 47.1888721080345 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Keep Your Active Eyes on Technical Indicators – Continental Resources, Inc. (CLR) – Wall Street Morning (wallstreetmorning.com)
- Dawn Watson is recognized by Continental Who’s Who (bizjournals.com)
- Q1 2018 Earnings Estimate for Continental Resources, Inc. Issued By KeyCorp (CLR) (americanbankingnews.com)
- Focusing The Lens on Continental Resources, Inc. (NYSE:CLR) Shares – Saline News (salinenews.com)
- Continental Resources, Inc. (CLR) Swings Under Volatility Examination – Investing News Update (investingbizz.com)
Continental Resources (NYSE CLR) opened at $52.36 on Friday. Continental Resources has a 1 year low of $29.08 and a 1 year high of $58.89. The company has a market cap of $19,781.38, a PE ratio of 24.82 and a beta of 1.45. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.87 and a current ratio of 0.94.
A number of analysts have commented on CLR shares. Credit Suisse Group reiterated an “outperform” rating and issued a $70.00 price target (up previously from $65.00) on shares of Continental Resources in a research note on Tuesday, February 20th. TheStreet upgraded shares of Continental Resources from a “d+” rating to a “c” rating in a research note on Friday, November 17th. Royal Bank of Canada reiterated a “buy” rating and issued a $52.00 price target on shares of Continental Resources in a research note on Wednesday, December 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $69.00 price target (down previously from $71.00) on shares of Continental Resources in a research note on Friday, February 16th. Finally, ValuEngine cut shares of Continental Resources from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.66.
In other Continental Resources news, CFO John D. Hart sold 6,000 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $51.23, for a total transaction of $307,380.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Harold Hamm acquired 25,886 shares of Continental Resources stock in a transaction on Monday, March 5th. The shares were purchased at an average price of $50.59 per share, for a total transaction of $1,309,572.74. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 156,909 shares of company stock worth $7,846,156 and have sold 32,874 shares worth $1,645,673. 76.87% of the stock is currently owned by company insiders.
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Continental Resources Company Profile
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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