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 price target was 68, implying a possible profit of 102.86 percent. The most pessimistic price target was 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. 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.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, 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 trailing 52-weeks, CLR hit 60.30 at the highest peak, while it's lowest trading point was 29.08. Currently the stock is 15.27 percent higher than its 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 stock has a market capitalization of $12.67 billion. CLR will post this quarters earnings in days, on 0000-00-00.