Is it time to Buy before this week’s earning report Continental Resources (NYSE:CLR)

Earnings results for Continental Resources (NYSE:CLR)

Continental Resources, Inc. is expected* to report earnings on 02/16/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 10 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.06. The reported EPS for the same quarter last year was $0.55.

Continental Resources last issued its quarterly earnings data on November 5th, 2020. The oil and natural gas company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.08. The firm earned $692.37 million during the quarter, compared to the consensus estimate of $626.17 million. Its quarterly revenue was down 37.3% compared to the same quarter last year. Continental Resources has generated $2.25 earnings per share over the last year. Continental Resources has confirmed that its next quarterly earnings report will be published on Tuesday, February 16th, 2021. Continental Resources will be holding an earnings conference call on Tuesday, February 16th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Continental Resources (NYSE:CLR)

25 Wall Street analysts have issued ratings and price targets for Continental Resources in the last 12 months. Their average twelve-month price target is $16.64, predicting that the stock has a possible downside of 27.70%. The high price target for CLR is $30.00 and the low price target for CLR is $5.50. There are currently 3 sell ratings, 17 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Continental Resources has received a consensus rating of Hold. The company’s average rating score is 2.08, and is based on 5 buy ratings, 17 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $16.64, Continental Resources has a forecasted downside of 27.7% from its current price of $23.02. Continental Resources has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Continental Resources (NYSE:CLR)

Continental Resources does not currently pay a dividend. Continental Resources does not have a long track record of dividend growth.

Insiders buying/selling: Continental Resources (NYSE:CLR)

In the past three months, Continental Resources insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $100,589.00 in company stock and sold $0.00 in company stock. 79.60% of the stock of Continental Resources is held by insiders. A high percentage of insider ownership can be a sign of company health. Only 14.81% of the stock of Continental Resources is held by institutions.

Earnings and Valuation of Continental Resources (NYSE:CLR

Earnings for Continental Resources are expected to grow in the coming year, from ($1.01) to $0.13 per share. The P/E ratio of Continental Resources is -26.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Continental Resources is -26.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Continental Resources has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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