Continental Resources Inc. Oklahoma (NYSE:CLR) was downgraded by investment analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
Continental Resources Inc. Oklahoma (NYSE:CLR) opened at 105.53 on Monday. Continental Resources Inc. Oklahoma has a 52 week low of $70.50 and a 52 week high of $121.78. The stock has a 50-day moving average of $113.3 and a 200-day moving average of $99.52. The company has a market cap of $19.426 billion and a P/E ratio of 22.81.
Continental Resources Inc. Oklahoma (NYSE:CLR) last announced its earnings results on Thursday, November 7th. The company reported $1.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.48 by $0.13. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $970.67 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 60.1% on a year-over-year basis. On average, analysts predict that Continental Resources Inc. Oklahoma will post $5.62 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Barclays initiated coverage on shares of Continental Resources Inc. Oklahoma in a research note to investors on Tuesday, December 3rd. They set an “overweight” rating and a $138.00 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Continental Resources Inc. Oklahoma from $120.00 to $126.00 in a research note to investors on Tuesday, November 12th. They now have a “neutral” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Continental Resources Inc. Oklahoma from $118.00 to $130.00 in a research note to investors on Thursday, November 7th. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Continental Resources Inc. Oklahoma has an average rating of “Buy” and an average price target of $124.06.
Continental Resources, Inc (NYSE:CLR) is an independent crude oil and natural gas exploration and production company with operations in the North, South and East regions of the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.