Continental Resources, Inc. is a crude-oil concentrated, independent oil and natural gas exploration and production company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CLR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Continental Resources could be a solid choice for investors.

Current Quarter Estimates for CLR

In the past 30 days, eight estimates have gone higher for Continental Resources while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 14 cents a share 30 days ago, to 20 cents today, a move of 42.9%.

Current Year Estimates for CLR

Meanwhile, Continental Resources current year figures are also looking quite promising, with 11 estimates moving higher in the past month, compared to two lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 20 cents per share 30 days ago to 29 cents per share today, an increase of 45%.

Continental Resources, Inc. Price and Consensus