Economy

Continental Resources, Inc. (NYSE:CLR) Closed 8.4% Above Its 50 Day Average

Short shares grew from 17,678,086 to 19,345,146 over that period. The value of the investment in Continental Resources, Inc. went from $15,000 to $18,174,000 a change of $18,159,000 since the last quarter. CLR's profit will be $3.75 million for 925.75 P/E if the $0.01 EPS becomes a reality. KBC Group NV now owns 4,657 shares of the oil and natural gas company's stock worth $211,000 after buying an additional 207 shares during the last quarter. Penn Capital Management Co. Sii Investments Inc. WI now owns 5,150 shares of the oil and natural gas company's stock worth $235,000 after buying an additional 1,050 shares during the last quarter. (NYSE:CLR) news were published by: Gurufocus.com which released: "Benefit Street Partners LLC Buys Continental Resources Inc, Vistra Energy Corp ..." on September 16, 2017, also Reuters.com published article titled: "Kynikos" Chanos says he is shorting Continental Resources: CNBC", Cnbc.com published: "Harold Hamm fires back at short-seller Jim Chanos: "Who is this guy?'" on September 14, 2017. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company's stock worth $157,000 after buying an additional 4,350 shares during the last quarter. Pillar Pacific Capital Management Limited Co accumulated 74,711 shares or 0.59% of the stock. The firm owned 83,081 shares of the oil and natural gas company's stock after buying an additional 8,370 shares during the period. (NYSE:CLR). Allianz Asset Management Ag holds 631,352 shares.

More important recent Continental Resources, Inc. (NYSE:CLR) in a research report issued to clients and investors on Tuesday. The company's market cap is $15.21 billion. The stock is trading at $36.68 which is slightly above $33.83, the stock's 50 day moving average and a tad under the 200 day moving average of $37.79. The company earned $549.70 million during the quarter, compared to analysts' expectations of $583.45 million.

Analysts await Continental Resources, Inc. The firm's quarterly revenue was down 4.5% compared to the same quarter past year.

In the latest earnings report the EPS was $-0.39 and is projected to be $0.14 for the current year with 371,133,000 shares presently outstanding.

Among 34 analysts covering Continental Resources Inc.

CLR has been the topic of several other research reports. Finally, Cowen and Company set a $35.00 price target on shares of Continental Resources and gave the stock a hold rating in a report on Tuesday, July 18th. Stifel Nicolaus reissued a buy rating and issued a $62.00 price target on shares of Continental Resources in a report on Friday, May 26th. Deutsche Bank maintained the shares of PCLN in report on Friday, July 31 with "Hold" rating. Scotiabank reaffirmed a "buy" rating and set a $52.00 price objective on shares of Continental Resources in a research note on Friday, June 30th. (NYSE:CLR), 21 have Buy rating, 0 Sell and 13 Hold. The company now has a consensus rating of "Buy" and a consensus price target of $45.83. The stock of Continental Resources, Inc. The stock was sold at an average price of $45.01, for a total transaction of $540,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Harold Hamm bought 32,985 shares of the business's stock in a transaction on Tuesday, March 28th. With short interest at 19,345,146 and short average daily volume at 1,691,923, days to cover is 11.0 and the percentage of shorted shares was 0.05% on August 31. The disclosure for this purchase can be found here.

Continental Resources, Inc.is a crude oil and natural gas 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. 52 funds opened positions while 108 raised stakes. Vanguard Group Inc. lifted its position in Continental Resources by 26.4% during the 2nd quarter.



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