Continental Resources, Inc. (NYSE:CLR) is expected to report second quarter earnings results, after market close, on Monday 3rd August 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.59 per share.
Looking ahead, the full year loss are expected at $ 1.32 per share on the revenues of $ 2253.65 million.
Previous Quarter Performance
Continental Resources, Inc. posted loss for the first quarter of $ 0.08 per share, from the revenue of $ 880.80 million. The quarterly earnings while revenues shrunk 21.65 percent compared with the same quarter last year.
According to street consensus, CLR was expected to report 1Q20 income of $ 0.01 per share from revenue of $ 863.67 million. The bottom line results missed street analysts by $ 0 or , at the same time, top line results outshined analysts by $ 17.13 million or 1.98 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CLR was $ 17.29, representing a 150.58 % increase from the 52 week low of $ 6.90 and a 57.04 % decrease over the 52 week high of $ 40.25.
The company has a market capital of $ 6.31 billion and is part of the Energy sector and Oil & Gas E&P industry.
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Recent Analyst recommendations
- On 29th June 2020, maintained by UBS Group at Neutral rating, with $ 16.00 target price.
- On 25th June 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 18.00 target price.
- On 23rd June 2020, maintained by Imperial Capital at In-Line rating, with $ 18.00 target price.
- On 9th June 2020, downgraded by MKM Partners to Neutral from Buy rating.
Continental Resources, Inc. explores for, develops, and produces crude oil and natural gas properties primarily in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.
