Worth Watching Stock: Continental Resources, Inc. (NYSE:CLR)


Continental Resources, Inc. (NYSE:CLR) will report its next earnings on 2-Nov-16. The company reported the earnings of $-0.18/Share in the last quarter where the estimated EPS by analysts was $-0.17/share. The difference between the expected and actual EPS was $-0.01/share, which represents an Earnings surprise of -5.9%.

Many analysts are providing their Estimated Earnings analysis for Continental Resources, Inc. and for the current quarter 35 analysts have projected that the stock could give an Average Earnings estimate of $-0.13/share. These analysts have also projected a Low Estimate of $-0.25/share and a High Estimate of $0.05/share.

In case of Revenue Estimates, 26 analysts have provided their consensus Average Revenue Estimates for Continental Resources, Inc. as 570.42 Million. According to these analysts, the Low Revenue Estimate for Continental Resources, Inc. is 522 Million and the High Revenue Estimate is 734.46 Million. The company had Year Ago Sales of 628.46 Million.

These analysts also forecasted Growth Estimates for the Current Quarter for CLR to be -8.3%. They are projecting Next Quarter growth of 60.9%. For the next 5 years, Continental Resources, Inc. is expecting Growth of -70.85% per annum, whereas in the past 5 years the growth was 13.08% per annum.

Some buy side analysts are also providing their Analysis on Continental Resources, Inc., where 9 analysts have rated the stock as Strong buy, 15 analysts have given a Buy signal, 10 said it’s a HOLD, 0 reported it as Underperform and 1 analysts rated the stock as Sell. (These Recommendations are for the Current Month Only reported by Yahoo Finance.)

When it comes to the Analysis of a Stock, Price Target plays a vital role. 32 Analysts reported that the Price Target for Continental Resources, Inc. might touch $70 high while the Average Price Target and Low price Target is $55.31 and $37 respectively.

To analyze a stock, one should look for Upgrades and Downgrades of a stock. Continental Resources, Inc. got Upgrade on 17-Oct-16 where investment firm Barclays Upgrade the stock from Equal Weight to Overweight.

Continental Resources, Inc. closed its last trading session at $51.79 with the loss of -0.44%. The Market Capitalization of the company stands at 19.59 Billion. The Company has 52-week high of $55.07 and 52-week low of $13.94. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is 2.05% where SMA50 and SMA200 are 5.14% and 38.41% respectively. The Company Touched its 52-Week High on Oct 6, 2016 and 52-Week Low on Jan 20, 2016.

The Relative Volume of the company is 0.59 and Average Volume (3 months) is 2.89 million. Continental Resources, Inc. P/E (price to earnings) ratio is 0 and Forward P/E ratio of 227.14.

The company shows its Return on Assets (ROA) value of -3.7%. The Return on Equity (ROE) value stands at -11.8%. While it’s Return on Investment (ROI) value is -0.4%.

While looking at the Stock’s Performance, Continental Resources, Inc. currently shows a Weekly Performance of -2.97%, where Monthly Performance is 13.07%, Quarterly performance is 11.12%, 6 Months performance is 35.68% and yearly performance percentage is 47.1%. Year to Date performance value (YTD perf) value is 124.37%. The Stock currently has a Weekly Volatility of 2.45% and Monthly Volatility of 3.57%.