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.
A number of analysts gave 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, implying a possible loss of -40.33 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -100 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 11 analysts made negative revisions. Over the same time period, 2 analysts revised their FY earnings estimates upwards, 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 below the high by 44.41 percent. 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.