Analyst Ratings for Continental Resources Inc. (CLR)Updated: 2017-07-29
Analysts covering Continental Resources Inc. (NYSE:CLR) have given it a consensus rating of Overweight. CLR had previously received a consensus rating of Overweight a month ago.
33 analysts issued ratings on the stock, where 22 gave CLR a buy rating, 1 gave an overweight rating, 9 gave a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 1.
Several price targets were given for CLR by the analysts covering the stock. The most optimistic analyst gave a price target of 68, implying potential capital gains of 102.86 percent. The most pessimistic price target was 20, implying potential capital losses of -40.33 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -100 percent. The average change in earnings estimates over the last 90 days is -100 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -73.13 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -80.48 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 11 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 12 analysts that revised their FY estimates downwards.
CLR has a 52-week high of 60.30 and a 52-week low of 29.08. Currently the stock is 15.27 percent higher than its low, and below the high by 44.41 percent. CLR has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The CLR value stock report compares CLR to some of its peers using value stock charts. The market cap of CLR is $12.67 billion. CLR is estimated to release their earnings results for the quarter on 0000-00-00, days from today.