Somewhat Favorable Press Coverage Likely to Affect Continental Resources (CLR) Share Price

Press coverage about Continental Resources (NYSE:CLR) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Continental Resources earned a news impact score of 0.02 on Accern’s scale. Accern also gave news coverage about the oil and natural gas company an impact score of 75 out of 100, meaning that recent media coverage is likely to have an effect on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Insider Buying and Selling by Quarter for Continental Resources (NYSE:CLR)

Shares of Continental Resources (CLR) traded up 2.40% during mid-day trading on Friday, hitting $31.14. 4,028,633 shares of the stock traded hands. The firm has a 50 day moving average of $38.65 and a 200 day moving average of $45.43. Continental Resources has a 12 month low of $30.18 and a 12 month high of $60.30. The company’s market cap is $11.56 billion.

Continental Resources (NYSE:CLR) last posted its earnings results on Wednesday, May 3rd. The oil and natural gas company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $685.43 million for the quarter, compared to analyst estimates of $646.46 million. Continental Resources had a negative net margin of 9.08% and a negative return on equity of 3.93%. Equities analysts anticipate that Continental Resources will post $0.38 EPS for the current fiscal year.

Several brokerages recently weighed in on CLR. Jefferies Group LLC reaffirmed a “buy” rating and issued a $56.00 target price on shares of Continental Resources in a report on Wednesday, May 17th. Royal Bank Of Canada set a $63.00 target price on shares of Continental Resources and gave the stock a “buy” rating in a report on Saturday, June 3rd. Wolfe Research began coverage on shares of Continental Resources in a report on Thursday, June 15th. They issued an “outperform” rating and a $45.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $61.00 target price on shares of Continental Resources in a report on Wednesday, April 12th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $68.00 target price (down previously from $74.00) on shares of Continental Resources in a report on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $55.32.

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In other news, CEO Harold Hamm bought 32,985 shares of the firm’s stock in a transaction on Tuesday, March 28th. The shares were bought at an average cost of $42.90 per share, for a total transaction of $1,415,056.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 76.97% of the company’s stock.

About Continental Resources

Continental Resources, Inc is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CLR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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