Canaccord Genuity Reiterates Hold on Continental Resources (CLR)

By admin | 6 years ago

Continental Resources (NYSE: CLR)‘s stock had its “hold” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Monday.

Continental Resources traded down 4.46% on Monday, hitting $73.99. Continental Resources has a 52-week low of $42.43 and a 52-week high of $97.19. The company has a market cap of $13.300 billion and a price-to-earnings ratio of 21.98.

Continental Resources last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.08. The company’s revenue for the quarter was down 1191.4% on a year-over-year basis. Analysts expect that Continental Resources will post $0.90 EPS next quarter.

CLR has been the subject of a number of other recent research reports. Analysts at RBC Capital (NYSE: RY) raised their price target on shares of Continental Resources from $93.00 to $98.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at Pritchard Capital upgraded shares of Continental Resources from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $100.00 price target on the stock. Finally, analysts at Societe Generale initiated coverage on shares of Continental Resources in a research note to investors on Monday, April 23rd. They set a “buy” rating on the stock.

Continental Resources, Inc. is an independent crude oil and natural gas exploration and production company with operations in the North, South and East regions of the United States.

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