Analysts predict that Continental Resources, Inc. (NYSE:CLR – Get Rating) will post earnings per share (EPS) of $2.42 for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Continental Resources’ earnings, with estimates ranging from $2.23 to $2.61. Continental Resources reported earnings of $0.77 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 214.3%. The business is expected to report its next quarterly earnings report after the market closes on Monday, January 1st.
On average, analysts expect that Continental Resources will report full year earnings of $11.32 per share for the current fiscal year, with EPS estimates ranging from $10.17 to $14.84. For the next fiscal year, analysts anticipate that the business will report earnings of $10.02 per share, with EPS estimates ranging from $8.37 to $14.32. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Continental Resources.
Continental Resources (NYSE:CLR – Get Rating) last announced its earnings results on Monday, February 14th. The oil and natural gas company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.73 by $0.06. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.71 billion. Continental Resources had a net margin of 29.04% and a return on equity of 23.67%. Continental Resources’s revenue was up 130.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.23) EPS.
In other Continental Resources news, President Jack H. Stark sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $64.23, for a total transaction of $1,605,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Jack H. Stark sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $60.13, for a total transaction of $3,006,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,000 shares of company stock valued at $6,204,250. 58.57% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of CLR. Smead Capital Management Inc. boosted its stake in shares of Continental Resources by 18.5% in the 4th quarter. Smead Capital Management Inc. now owns 6,578,234 shares of the oil and natural gas company’s stock valued at $294,442,000 after purchasing an additional 1,027,801 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Continental Resources by 84.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,964,128 shares of the oil and natural gas company’s stock valued at $90,645,000 after purchasing an additional 900,000 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Continental Resources by 46.3% in the 4th quarter. Bank of America Corp DE now owns 1,542,162 shares of the oil and natural gas company’s stock valued at $69,027,000 after purchasing an additional 488,382 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Continental Resources by 163.2% in the 3rd quarter. Millennium Management LLC now owns 704,876 shares of the oil and natural gas company’s stock valued at $32,530,000 after purchasing an additional 437,050 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Continental Resources by 29.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,806,414 shares of the oil and natural gas company’s stock valued at $80,855,000 after purchasing an additional 408,479 shares during the last quarter. 13.41% of the stock is currently owned by institutional investors.
Shares of CLR stock traded down $2.36 during midday trading on Friday, hitting $55.57. 1,546,325 shares of the company were exchanged, compared to its average volume of 1,251,482. The firm has a market capitalization of $20.24 billion, a P/E ratio of 12.19, a PEG ratio of 0.13 and a beta of 2.89. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.97 and a current ratio of 1.04. The firm’s 50 day moving average price is $60.01 and its two-hundred day moving average price is $52.94. Continental Resources has a 52 week low of $27.10 and a 52 week high of $66.86.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 23rd. Investors of record on Monday, May 9th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.02%. This is a boost from Continental Resources’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, May 6th. Continental Resources’s dividend payout ratio is currently 20.18%.
Continental Resources Company Profile (Get Rating)
Continental Resources, Inc explores for, develops, produces, and manages crude oil, natural gas, and related products primarily in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.
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