Capital One Financial Analysts Reduce Earnings Estimates for Continental Resources, Inc. (NYSE:CLR)

Continental Assets, Inc. (NYSE:CLR – Get Score) – Funds One Fiscal lowered their Q3 2022 earnings per share (EPS) estimates for Continental Resources in a research notice issued on Monday, July 18th. Capital Just one Monetary analyst P. Johnston now expects that the oil and natural gasoline company will gain $2.54 for every share for the quarter, down from their former estimate of $2.56. The consensus estimate for Continental Resources’ present entire-12 months earnings is $11.95 for each share. Funds 1 Fiscal also issued estimates for Continental Resources’ FY2022 earnings at $11.09 EPS and FY2023 earnings at $9.10 EPS.

A selection of other research corporations also a short while ago weighed in on CLR. Citigroup downgraded Continental Resources from a “obtain” rating to a “neutral” ranking and slash their value concentrate on for the stock from $74.00 to $70.00 in a study observe on Friday, June 24th. lowered Continental Assets from a “acquire” ranking to a “maintain” rating in a report on Tuesday, Might 10th. Wells Fargo & Organization downgraded Continental Sources from an “obese” rating to an “equivalent pounds” rating and established a $82.00 focus on rate for the firm. in a research report on Wednesday, June 15th. Royal Lender of Canada downgraded Continental Means from an “outperform” rating to a “sector complete” rating and lifted their selling price aim for the business from $75.00 to $80.00 in a investigate report on Wednesday, July 6th. Ultimately, Piper Sandler dropped their goal value on Continental Methods to $76.00 and set a “na” score for the organization in a exploration report on Wednesday, May 18th. Two financial commitment analysts have rated the inventory with a provide score, 10 have issued a keep score and five have issued a invest in ranking to the firm’s stock. According to details from MarketBeat, the business presently has a consensus rating of “Maintain” and a consensus value concentrate on of $69.85.

Continental Means Stock Up 2.4 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

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Shares of Continental Sources inventory opened at $64.69 on Tuesday. The stock has a 50-working day shifting normal selling price of $65.21 and a 200 day shifting normal value of $59.89. The organization has a industry cap of $23.48 billion, a P/E ratio of 11.78, a P/E/G ratio of .14 and a beta of 2.62. The organization has a current ratio of .95, a speedy ratio of .88 and a credit card debt-to-fairness ratio of .79. Continental Methods has a 1 12 months small of $31.40 and a 1 calendar year significant of $75.49.

Continental Assets (NYSE:CLR – Get Ranking) previous introduced its earnings benefits on Wednesday, May 4th. The oil and organic fuel enterprise noted $2.65 earnings per share for the quarter, beating the consensus estimate of $2.41 by $.24. Continental Assets experienced a return on fairness of 31.43{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a internet margin of 31.63{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business enterprise experienced earnings of $1.82 billion throughout the quarter, in comparison to analysts’ anticipations of $2.16 billion. For the duration of the very same quarter past year, the business posted $.77 earnings per share. The company’s quarterly income was up 49.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a 12 months-over-year basis.

Continental Methods Improves Dividend

The business also not too long ago declared a quarterly dividend, which was paid on Monday, May possibly 23rd. Shareholders of report on Monday, May 9th had been presented a dividend of $.28 for every share. This represents a $1.12 annualized dividend and a generate of 1.73{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is a favourable transform from Continental Resources’s prior quarterly dividend of $.23. The ex-dividend date was Friday, Might 6th. Continental Resources’s dividend payout ratio is presently 20.40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Hedge Funds Weigh In On Continental Means

Hedge resources and other institutional investors have just lately modified their holdings of the firm. Lazard Asset Administration LLC bought a new position in Continental Assets in the very first quarter well worth about $26,000. Acadian Asset Management LLC bought a new stake in shares of Continental Means during the first quarter valued at roughly $36,000. Atlas Cash Advisors LLC purchased a new stake in Continental Sources in the very first quarter well worth around $47,000. Steward Partners Expense Advisory LLC raised its placement in Continental Resources by 507.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 1st quarter. Steward Partners Investment Advisory LLC now owns 778 shares of the oil and all-natural fuel firm’s stock worthy of $48,000 immediately after obtaining an supplemental 650 shares during the period. Eventually, Bellwether Advisors LLC purchased a new placement in Continental Means in the fourth quarter value approximately $44,000. 13.41{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the inventory is owned by institutional traders.

About Continental Means

(Get Score)

Continental Means, Inc explores for, develops, provides, and manages crude oil, normal fuel, and associated solutions primarily in the north, south, and east regions of the United States. The company sells its crude oil and all-natural gas output to strength promoting organizations, crude oil refining organizations, and purely natural gasoline accumulating and processing corporations.

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Earnings History and Estimates for Continental Resources (NYSE:CLR)

This fast information warn was produced by narrative science technological know-how and economical info from MarketBeat in purchase to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial crew prior to publication. You should deliver any issues or comments about this story to [email protected].

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