Stock On Watch: Continental Resources Inc (NYSE:CLR) Institutional Investors Sentiment Index Flat in Q2 2016

November 29, 2016 - By Richard Conner   ·   0 Comments

Stock On Watch: Continental Resources Inc (NYSE:CLR) Institutional Investors Sentiment Index Flat in  Q2 2016

Sentiment for Continental Resources Inc (NYSE:CLR)

Continental Resources Inc (NYSE:CLR) institutional sentiment is 1.08 in Q2 2016. Its the same as in 2016Q1. The ratio is without change, as only 160 funds opened new or increased stock positions, while 148 cut down and sold stakes in Continental Resources Inc. The funds in our partner’s database reported: 86.18 million shares, down from 86.58 million shares in 2016Q1. Also, the number of funds holding Continental Resources Inc in their top 10 stock positions decreased from 13 to 11 for a decrease of 2. Sold All: 43 Reduced: 105 Increased: 99 New Position: 61.

Continental Resources, Inc. is an independent natural gas and crude oil exploration and production firm with properties in the North, South and East regions of the United States. The company has a market cap of $16.95 billion. 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. It currently has negative earnings. 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 , Sooner Trend Anadarko Canadian Kingfisher (STACK), Northwest Cana and Arkoma Woodford areas of Oklahoma.

About 234,801 shares traded hands. Continental Resources, Inc. (NYSE:CLR) has risen 25.88% since April 26, 2016 and is uptrending. It has outperformed by 20.62% the S&P500.

Analysts await Continental Resources, Inc. (NYSE:CLR) to report earnings on February, 22. They expect $-0.10 earnings per share, up 56.52% or $0.13 from last year’s $-0.23 per share. After $-0.22 actual earnings per share reported by Continental Resources, Inc. for the previous quarter, Wall Street now forecasts -54.55% EPS growth.

According to Zacks Investment Research, “CONTINENTAL RESOURCES is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The Company focuses its operations in large new and developing plays where horizontal drilling, advanced fracture stimulation and enhanced recovery technologies provide the means to economically develop and produce oil and natural gas reserves from unconventional formations.”

Brenham Capital Management L.P. holds 13.9% of its portfolio in Continental Resources, Inc. for 2.40 million shares. Jvl Advisors L.L.C. owns 884,900 shares or 9.21% of their US portfolio. Moreover, Caymus Capital Partners L.P. has 6.22% invested in the company for 918,000 shares. The New York-based Geosphere Capital Management has invested 5.36% in the stock. Columbus Hill Capital Management L.P., a New Jersey-based fund reported 1.34 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 11 selling transactions for $3.22 million net activity.

Continental Resources, Inc. (NYSE:CLR) Ratings Coverage

Ratings analysis reveals 68% of Continental Resources Inc.’s analysts are positive. Out of 28 Wall Street analysts rating Continental Resources Inc., 19 give it “Buy”, 1 “Sell” rating, while 8 recommend “Hold”. The lowest target is $14 while the high is $60. The stock’s average target of $40.50 is -14.86% below today’s ($47.57) share price. CLR was included in 67 notes of analysts from July 21, 2015. The rating was maintained by Wunderlich with “Buy” on Friday, May 6. The firm has “Neutral” rating given on Monday, June 6 by Credit Suisse. The firm earned “Outperform” rating on Monday, June 27 by Scotia Capital. Howard Weil upgraded Continental Resources, Inc. (NYSE:CLR) on Friday, February 26 to “Focus Stock” rating. The stock has “Buy” rating given by Deutsche Bank on Wednesday, August 10. RBC Capital Markets maintained Continental Resources, Inc. (NYSE:CLR) rating on Friday, November 6. RBC Capital Markets has “Outperform” rating and $38 price target. The rating was downgraded by KLR Group to “Accumulate” on Monday, July 18. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Buy” rating by Deutsche Bank on Wednesday, April 13. The company was maintained on Monday, November 9 by Barclays Capital. Suntrust Robinson initiated Continental Resources, Inc. (NYSE:CLR) on Tuesday, December 15 with “Neutral” rating.

CLR Company Profile

Continental Resources, Inc., incorporated on November 16, 1967, is an independent natural gas and crude oil exploration and production firm 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. 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), Sooner Trend Anadarko Canadian Kingfisher (STACK), Northwest Cana and Arkoma Woodford areas of Oklahoma. The East region includes undeveloped leasehold acreage east of the Mississippi River. The Company’s estimated proved reserves are approximately 1,230 million barrels of crude oil equivalent (MMBoe) with estimated proved developed reserves of over 520 MMBoe. The Company’s crude oil production is sold to crude oil refining companies at market centers.

More news for Continental Resources, Inc. (NYSE:CLR) were recently published by: Wsj.com, which released: “Continental Resources Loss Widens” on November 02, 2016. Newsok.com‘s article titled: “Hamm stays committed to Continental Resources” and published on November 10, 2016 is yet another important article.

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By Richard Conner

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