Continental Resources (CLR) : Bridges Investment Management Inc reduced its stake in Continental Resources by 48.47% during the most recent quarter end. The investment management company now holds a total of 30,805 shares of Continental Resources which is valued at $1,183,836 after selling 28,970 shares in Continental Resources , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Continental Resources makes up approximately 0.21% of Bridges Investment Management Inc’s portfolio.
Continental Resources opened for trading at $39.27 and hit $40.32 on the upside on Wednesday, eventually ending the session at $39.34, with a gain of 0.41% or 0.16 points. The heightened volatility saw the trading volume jump to 68,63,207 shares. Company has a market cap of $14,661 M.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in CLR during the most recent quarter. The investment firm sold 2,558 shares of CLR which is valued $98,304.Cwm boosted its stake in CLR in the latest quarter, The investment management firm added 13,086 additional shares and now holds a total of 122,507 shares of Continental Resources which is valued at $4,707,944. Continental Resources makes up approx 0.41% of Cwm’s portfolio.
On the company’s financial health, Continental Resources reported $-0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $-0.21. The company had revenue of $575.50 million for the quarter, compared to analysts expectations of $574.40 million. The company’s revenue was down -55.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.14 EPS.
Many Wall Street Analysts have commented on Continental Resources. Company shares were Upgraded by Deutsche Bank on Apr 13, 2016 to ” Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $34 .Continental Resources was Downgraded by Stifel to ” Hold” on Apr 6, 2016. Company shares were Reiterated by Stifel on Apr 1, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $32 .
Continental Resources Inc. is an independent crude oil and natural gas exploration and production company. The Company owns 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. The Bakken field of North Dakota and Montana is a crude oil resource play. The South region includes Kansas and all properties south of Kansas and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province (SCOOP) Northwest Cana and Arkoma areas of Oklahoma. The East region comprises undeveloped leasehold acreage east of the Mississippi River.