CONTINENTAL RESOURCES INC/OK (CLR) Forecast, Price Target & Analyst Ratings

NYSE:CLR • US2120151012

Current stock price

74.27 USD
+0.03 (+0.04%)
At close:
74.27 USD
0 (0%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CONTINENTAL RESOURCES INC/OK (CLR).

Forecast Snapshot

Consensus Price Target

Price Target
$76.44
+ 2.93% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Feb 13, 2023
Period
Q4 / 2022
EPS Estimate
$2.69
Revenue Estimate
2.51B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
55.20%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$76.44
Upside
+ 2.93%
From current price of $74.27 to mean target of $76.44, Based on 25 analyst forecasts
Low
$60.60
Median
$75.48
High
$105.00

Price Target Revisions

1 Month
0.00%
3 Months
N/A

Price Target Summary

25 Wall Street analysts provided a forecast for the next 12 months for CLR. The average price target is 76.44 USD. This implies a price increase of 2.93% is expected in the next year compared to the current price of 74.27.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

CLR Current Analyst RatingCLR Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15

Analyst Ratings History

CLR Historical Analyst RatingsCLR Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30

Analyst Ratings Consensus

ChartMill Buy Consensus
55.20%
CLR was analyzed by 25 analysts. The buy percentage consensus is at 55. So analysts seem to be rather neutral about CLR.
In the previous month the buy percentage consensus was at a similar level.
CLR was analyzed by 25 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2022-10-24MizuhoMaintains Neutral
2022-10-24Raymond JamesDowngrade Outperform -> Market Perform
2022-10-19Morgan StanleyUpgrade Underweight -> Equal-Weight
2022-10-18Piper SandlerMaintains Underweight
2022-08-31BarclaysMaintains Underweight
2022-08-02ScotiaBankDowngrade Sector Outperform -> Sector Perform
2022-07-29Truist SecuritiesMaintains Buy
2022-07-26Raymond JamesMaintains Outperform
2022-07-22Piper SandlerDowngrade Neutral -> Underweight
2022-07-19Morgan StanleyMaintains Underweight
2022-07-06RBC CapitalDowngrade Outperform -> Sector Perform
2022-06-24CitigroupDowngrade Buy -> Neutral
2022-06-15StifelDowngrade Buy -> Hold
2022-06-15Wells FargoDowngrade Overweight -> Equal-Weight
2022-06-14BarclaysMaintains Underweight
2022-06-06Morgan StanleyMaintains Underweight
2022-04-25Raymond JamesMaintains Outperform
2022-04-22Morgan StanleyMaintains Underweight
2022-04-19BarclaysMaintains Underweight
2022-04-14KeybancMaintains Overweight
2022-04-08KeybancMaintains Overweight
2022-04-07Piper SandlerMaintains Neutral
2022-03-10Piper SandlerMaintains Neutral
2022-03-03KeybancMaintains Overweight
2022-02-07RBC CapitalUpgrade Sector Perform -> Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Feb 13, 2023
Period
Q4 / 2022
EPS Estimate
$2.69
Revenue Estimate
2.51B
Revenue Q2Q
30.26%
EPS Q2Q
50.54%
Number of Analysts
18

Next Earnings Revisions

Revenue (1 Month)
-0.87%
Revenue (3 Months)
N/A
EPS (1 Month)
-0.84%
EPS (3 Months)
N/A

Next Earnings Summary

CLR is expected to report earnings on 2/13/2023. The consensus EPS estimate for the next earnings is 2.69 USD and the consensus revenue estimate is 2.51B USD.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2022 - 2026

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2019 2020 2021 2022 2023 2024 2025 2026
Revenue
YoY % growth
CLR revenue by date.CLR revenue by date.
4.632B
-1.65%		2.587B
-44.16%		5.719B
121.12%		9.647B
68.67%		9.715B
0.70%		8.779B
-9.63%		8.304B
-5.41%		7.934B
-4.47%
EBITDA
YoY % growth
CLR ebitda by date.CLR ebitda by date.
3.363B
-5.58%		1.607B
-52.22%		4.402B
173.97%		7.957B
80.76%		7.675B
-3.54%		6.797B
-11.44%		6.225B
-8.42%		5.758B
-7.50%
EBIT
YoY % growth
CLR ebit by date.CLR ebit by date.
1.343B
-21.10%		-275.8M
-120.53%		2.509B
1,009.65%		5.723B
128.11%		5.592B
-2.29%		4.702B
-15.92%		4.232B
-10.01%		3.846B
-9.10%
Operating Margin
CLR operating margin by date.CLR operating margin by date.
29.00%-10.66%43.87%59.32%57.56%53.56%50.96%48.48%
EPS
YoY % growth
CLR eps by date.CLR eps by date.
2.26
-20.70%		-1.18
-152.21%		4.67
495.76%		12.22
161.62%		11.01
-9.86%		9.45
-14.22%		8.23
-12.91%		7.24
-12.04%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q4 / 22 Q1 / 23 Q2 / 23 Q3 / 23 Q4 / 23 Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24
EPS
Q2Q % growth		2.69
50.54%		2.78
5.09%		2.50
-27.93%		2.47
-14.13%		2.48
-7.88%		2.18
-21.75%		2.05
-18.21%		2.07
-16.41%		2.10
-15.39%
Revenue
Q2Q % growth		2.51B
30.26%		2.496B
37.43%		2.385B
-10.02%		2.403B
-1.81%		2.4B
-4.38%		2.278B
-8.73%		2.273B
-4.70%		2.33B
-3.04%		2.316B
-3.50%
EBITDA
Q2Q % growth		1.882B
-36.80%		1.887B
39.82%		1.757B
-32.43%		1.773B
-37.07%		1.776B
-5.63%		1.637B
-13.25%		1.597B
-9.11%		1.618B
-8.74%		1.637B
-7.83%
EBIT
Q2Q % growth		1.426B
31.46%		1.5B
68.48%		1.399B
-17.33%		1.408B
-1.00%		1.393B
-2.31%		1.349B
-10.07%		1.35B
-3.50%		1.394B
-0.99%		1.383B
-0.72%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

CLR Yearly Revenue VS EstimatesCLR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2B 4B 6B 8B
CLR Yearly EPS VS EstimatesCLR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 2 4 6 8 10

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
26.47%
EPS Next 5 Year
9.16%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
16.44%
Revenue Next 5 Year
7.37%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
42.28%
EBIT Next 5 Year
19.53%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CONTINENTAL RESOURCES INC/OK / CLR Forecast FAQ

What is the average price target for CONTINENTAL RESOURCES INC/OK (CLR) stock?

25 analysts have analysed CLR and the average price target is 76.44 USD. This implies a price increase of 2.93% is expected in the next year compared to the current price of 74.27.

Can you provide the upcoming earnings date for CONTINENTAL RESOURCES INC/OK?

CONTINENTAL RESOURCES INC/OK (CLR) will report earnings on 2023-02-13.

What are the consensus estimates for CONTINENTAL RESOURCES INC/OK (CLR) next earnings?

The consensus EPS estimate for the next earnings of CONTINENTAL RESOURCES INC/OK (CLR) is 2.69 USD and the consensus revenue estimate is 2.51B USD.

What is the consensus rating for CONTINENTAL RESOURCES INC/OK (CLR) stock?

The consensus rating for CONTINENTAL RESOURCES INC/OK (CLR) is 55.2 / 100 . This indicates that analysts generally have a neutral outlook on the stock.