NEW YORK (TheStreet) -- Shares of Continental Resources (CLR - Get Report) are down 1.23% to $45.92 in midday trading ahead of the company's fourth quarter earnings report expected after the market close today.
The consensus estimate calls for the Oklahoma City-based independent crude oil and natural gas exploration and production company to report earnings of 55 cents a share on revenue of $1.02 billion.
In the fourth quarter of last year, the company posted earnings of 62 cents a share, below the consensus estimate for earnings of 65 cents a share, according to analysts polled by Reuters. Revenue totaled $912.29 million, below analysts' estimates of $942.87 million.
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In the third quarter of 2014, Continental Resources' earnings of 81 cents were in line with consensus. Revenue totaled $1.16 billion, just below estimates of $1.168 billion.
The average recommendation of 28 brokers' estimates on the stock is 2.5, with a 2 representing an "outperform" rating and 3 a "hold," according to Reuters. The mean price target is $48.29.
TheStreet Ratings team rates CONTINENTAL RESOURCES INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CONTINENTAL RESOURCES INC (CLR) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself."
You can view the full analysis from the report here: CLR Ratings ReportCLR data by YCharts