Basic Materials Stocks in Momentum: Continental Resources, Inc. (NYSE:CLR), Nucor Corporation (NYSE:NUE)

Continental Resources, Inc. (NYSE:CLR):

Last Trade:

Continental Resources, Inc. (NYSE:CLR) ended its previous trading session at $46.62 with the Gain of 3.16%. The company’s market cap is $17.78 Billion, and the average volume is $2.72 Million. The 52-Week High range of the stock is $55.07, while the 52-week low range is $13.94. The stock touched its 52-Week High on Oct 6, 2016 and 52-Week Low on Jan 20, 2016. The Price to Sales (P/S) of the stock is 8.7, while P/B (Price to Book) stands at 4.1. When we look at the Volatility of the company, Week Volatility is at 4.01%% whereas Month Volatility is at 3.18%%.

For the ongoing Fiscal Quarter, 35 analysts have an average earnings forecast of $-0.09 per share. According to the Analysts, the Low Earnings estimate for the current quarter is $-0.23, while the High earnings estimate is $0.13.Comparatively, EPS for the same quarter last year was $0.14.

According to 27 analysts, the Average Revenue Estimate for the current Fiscal quarter is $586.66 Million and the Low Revenue estimate is $529.4 Million, while the High Revenue estimate is $730.94 Million.

Continental Resources, Inc. (NYSE:CLR) currently has a High Price Target of $70. The Mean and Low price Targets are $57 and $43, respectively. These price targets are a consensus analysis of 34 brokers.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.76 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell.

Nucor Corporation (NYSE:NUE):

Previous Trade:

Nucor Corporation (NYSE:NUE) shares Jumped 2.76% and ended the day at $51.33. Its 52-week high and low range is between $57.08 and $33.9. The stock has its 52-Week High on Jul 14, 2016 and 52-Week Low on Jan 20, 2016. The company’s outstanding shares are 319.74 Million. The volume of the company in the last trading session was 3.51 Million. The stock has a market cap of 16.41 Billion. The Stock shows P/E value of 0 and Forward P/E of 17.5.

According to Finviz reported data, The SMA20 of the stock is at 7.62%, SMA50 is 7.48 percent, while SMA200 is 8.95%. The stock is currently has its Return on Assets (ROA) value of 0 Percent. The Return on Investment and Return on Equity (ROE) values are 5.6 percent and 0 percent, respectively.

The company’s ATR (Average True Range) is 1.23. The Weekly Volatility is 2.69% percent and the Monthly Volatility is 2.36% percent.

When we look at the Analyst Recommendations of the stock, the company has 2 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell.

The stock has a high price target of $59 according to consensus of 16 analysts. The company has a Low Price Target of $44 and the Mean Target of $52.25, according to the Brokers.

Nucor Corporation’s Average Earnings Estimate for the current quarter is $0.52, according to consensus of 13 analysts. The low EPS estimate is $0.31, while the high EPS estimate is $0.71.

Average Revenue Estimate of the company for the current Fiscal Quarter is $3.82 Billion, according to consensus of 7 analysts. The higher end of the revenue estimate is $4.16 Billion and the lower end is $3.45 Billion.

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