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.
Investment analysts gave a few price targets for CLR. The most optimistic analyst gave a price target of 68, implying a possible profit of 102.86 percent. The most pessimistic analyst gave a price target of 20, implying a possible loss of -40.33 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -100 percent. That number becomes -100 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -73.13 percent, compared to last month. 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 have revised their quarterly estimates upwards in the past 30 days, while 11 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 12 analysts made negative revisions to their fiscal year's estimates.
CLR has traded between a high of 60.30 and a low of 29.08 over the past year. The current market price is above the trailing year's low by 15.27 percent, and 44.41 percent below the high. 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's next earnings release will be on 0000-00-00, which is days away.