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.
Many analysts weighed in on price targets for CLR. The most optimistic price target was 68, implying a possible profit of 102.86 percent. The lowest price target was 20, which equates to a potential downside of -40.33 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates downwards for this quarter, by about -100 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -100 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -73.13 percent. If we look at the last 90 days instead, we find a net average change of -80.48 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 11 analysts made negative revisions. 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.
In the last 52-weeks, CLR has achieved a high of 60.30 and a low of 29.08. Today's price is 15.27 percent above the 52-week low, and 44.41 percent below the high. CLR has a price/earnings 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.