Continental Resources, Inc. (NYSE:CLR) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.23 per share.
Looking ahead, the full year loss are expected at $ 1.14 per share on the revenues of $ 2416.23 million.
Previous Quarter Performance
Continental Resources, Inc. reported loss for the second quarter of $ 0.71 per share, from the revenue of $ 175.66 million. The quarterly revenues decreased 85.46 percent compared with the same quarter last year. Wall street analysts are predicting, CLR to report 2Q20 loss of $ 0.59 per share from revenue of $ 249.87 million. The bottom line results missed street analysts by $ 0.12 or 20.34 percent, at the same time, top line results fell short of analysts by $ 74.21 million or 29.7 percent.
Stock Performance
Shares of Continental Resources, Inc. traded up $ 0.16 or 1.26 percent on Wednesday, reaching $ 12.87 with volume of 3.56 million shares. Continental Resources, Inc. has traded high as $ 13.29 and has cracked $ 12.20 on the downward trend
The closing price of $ 12.87, representing a 84.20 % increase from the 52 week low of $ 6.90 and a 64.89 % decrease over the 52 week high of $ 36.20.
The company has a market capital of $ 4.70 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 9th September 2020, upgraded by MKM Partners to Buy from Neutral rating, with $ 20.00 target price.
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.
