Jefferies Comments On Continental Resources Q1 Results (CLR)

Jefferies commented on Continental Resources' (NYSE: CLR) Q1 results in a research report published today, after Continental Resources failed to meet analysts' expectations.

In the report, Jefferies states, Continental Resources "reported adjusted EPS of $0.53 versus consensus of $0.54 and JEF's $0.65. Lifting and exploration expense of $2.24/mcfe and $0.24/mcfe was north of our $2.14 and $0.10 estimates."

Jefferies currently has a Buy rating and price target of $81 on Continental Resources' shares. In today's trading, Continental Resources lost 0.8% and currently trades at $62.39.