Continental Resources, Inc. CLR was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 40.2% in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of one increase and four decreases over the past one month, while the Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this U.S. oil exploration and production stock going forward to see if this recent move higher can last.
Continental Resources currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
A better-ranked stock in the same industry is Antero Resources Corporation AR, sporting a Zacks Rank #1 (Strong Buy).
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