NEW YORK (TheStreet) -- Shares of Continental Resources (CLR) rose 2.66% to $52.90 ahead of the company's scheduled third-quarter earnings release on Wednesday after the market close. Here's what analysts are expecting from the petroleum liquids producer.
The consensus estimate calls for Continental Resources to report earnings of 81 cents a share on revenue of $1.17 billion. In the third quarter last year, the company posted earnings of 81 cents a share, which beat analysts' expectations of 74 cents a share. Revenue totaled $1.02 billion, which easily surpassed the consensus estimate of $970.67 million.
In the second quarter 2014, Continental Resources posted earnings of 75 cents a share, which came up short of analysts' estimate of 85 cents a share. Revenue totaled $1.14 billion, which surpassed the consensus estimate of $1.1 billion.
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Separately, TheStreet Ratings team rates CONTINENTAL RESOURCES INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate CONTINENTAL RESOURCES INC (CLR) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."