Continental Resources (NYSE:CLR) will report earnings after markets close on Wednesday, May 8th. Continental Resources, Inc. and its subsidiaries explore, exploit, develop, and acquire oil and gas reserves, primarily in the Rocky Mountains and the MidContinent, as well as in the Gulf Coast region of Texas and Louisiana. The Company also owns and operates natural gas pipelines, gathering systems, and processing plants.
Here is your Cheat Sheet to Continental Resources Earnings:
Earnings Expectations: Analysts expect earnings of $1.13 per share on revenues of $766.60 million. Currently, the company’s P/E ratio stands at 19.03.
They beat eps by .04 but missed on revs by about $50 million or more. That may be the reason why it is down AH, but on small volume. I think you may see a pullback tomorrow morning but it will probably bounce back in the day like KOG did after earnings. I mean, CLR doubled profits this quarter and the SCOOP region doubled its production from last quarter. That is very big news!
analysts and newbie (technokids) analysts seem to only care about revenue and not earnings from many firms these days. They will take us down tomorrow instead of pushing us up as they mysteriously did to EOG this week.