Brokerage Firm Analysts Have Spoken and the Consensus is in on Continental Resources, Inc. (NYSE:CLR), Gulfport Energy Corporation (NASDAQ:GPOR)

Research analysts covering Continental Resources, Inc. (NYSE:CLR) are projecting that the shares reach $59.285 within the next 12-18 months.  This is the consensus number derived from the 21 analyst reports taken into consideration. The most bullish, or aggressive analyst target pins the projected price at $74, while the most bearish, or conservative analyst sees the stock reaching $49.

Broker Rating Update on Continental Resources, Inc. (NYSE:CLR)

Zacks provides analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. Shares of Continental Resources, Inc. (NYSE:CLR) currently have an ABR of 1.86. This is based on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  Moving to earnings estimates, for this current fiscal period, Wall Street analysts have projected that the company will post $0.04 earnings per share. This is the current Zacks consensus EPS which was calculated at the time of writing. Analysts will likely revise their estimates leading in to the actual results date.  

taking a look at the most recent period, which closed on 2016-12-31, Continental Resources, Inc. reported EPS of $-0.07 for a surprise factor of 41.67%, calculated by being $0.05 away from analyst projections.

Investors will be marking their calendars for 2017-05-03, when the company is planning to release their quarterly results.

According to data provided by Zacks Research, Gulfport Energy Corporation (NASDAQ:GPOR) has a consensus target price of $29 on the stock. Out of the polled analysts providing targets, the high is currently $40, while the low is resting at $13. Analyst price targets may vary depending on the individual method used to calculate the estimate.
Turning to earnings, analysts are expecting Gulfport Energy Corporation (NASDAQ:GPOR) to post a current quarter EPS of $0.17. This consensus number is compiled by Zacks Research. For the period ending on 2016-12-31, the company reported EPS for the quarter of $0.34. The resulting surprise factor from the difference between the reported number and the consensus estimate going into earnings was 61.9%. After a company reports earnings, the stock may see increased activity. The next earnings report date is scheduled on or near 2017-05-08.
In terms of analyst ratings, Gulfport Energy Corporation (NASDAQ:GPOR) has a current ABR of 1.54. This average broker recommendation is given by Zacks using a scale from 1 to 5. According to this scale, a rating of 1 or 2 would indicate a Buy, and a rating of 4 or 5 would signify a Sell recommendation. A 3 would indicate a Hold on the stock.

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