Fortune Brands Home & Security, Inc. (FBHS) Reaches $71.87 High on Jan, 17; Continental Resources (CLR) Has 0.77 Sentiment

January 17, 2018 - By Louis Casey

Continental Resources, Inc. explores for, develops, and produces natural gas and crude oil properties in the north, south, and east regions of the United States. The company has market cap of $21.31 billion. The firm sells its natural gas and crude oil production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. It currently has negative earnings. As of December 31, 2016, its estimated proved reserves were 1,275 million barrels of crude oil equivalent with estimated proved developed reserves of 519 MMBoe.

The stock of Fortune Brands Home & Security, Inc. (NYSE:FBHS) reached all time high today, Jan, 17 and still has $78.34 target or 9.00% above today’s $71.87 share price. This indicates more upside for the $10.91B company. This technical setup was reported by Barchart.com. If the $78.34 PT is reached, the company will be worth $981.90 million more. The stock increased 2.09% or $1.47 during the last trading session, reaching $71.87. About 563,316 shares traded. Fortune Brands Home & Security, Inc. (NYSE:FBHS) has risen 11.70% since January 17, 2017 and is uptrending. It has underperformed by 5.00% the S&P500.

Since August 4, 2017, it had 0 insider buys, and 6 selling transactions for $14.78 million activity. Another trade for 60,000 shares valued at $3.77M was sold by KLEIN CHRISTOPHER J. 5,000 shares were sold by WATERS RONALD V, worth $357,500. 33,400 shares valued at $2.17 million were sold by WYATT E LEE on Monday, September 18.

Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, and security applications. The company has market cap of $10.91 billion. It operates in four divisions: Cabinets, Plumbing, Doors, and Security. It has a 25.14 P/E ratio. The Cabinets segment makes custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

Among 18 analysts covering Fortune Brands Home & Security (NYSE:FBHS), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. Fortune Brands Home & Security had 48 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Hold” rating by KeyBanc Capital Markets on Tuesday, October 24. Bank of America initiated Fortune Brands Home & Security, Inc. (NYSE:FBHS) on Friday, September 23 with “Buy” rating. On Thursday, December 10 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained it with “Buy” rating and $75.0 target in Sunday, August 20 report. The firm earned “Buy” rating on Tuesday, September 19 by Robert W. Baird. On Monday, August 24 the stock rating was initiated by Cantor Fitzgerald with “Buy”. The firm has “Buy” rating by Jefferies given on Tuesday, August 22. The firm earned “Buy” rating on Wednesday, October 11 by Jefferies. Citigroup initiated Fortune Brands Home & Security, Inc. (NYSE:FBHS) on Thursday, September 1 with “Neutral” rating. RBC Capital Markets maintained Fortune Brands Home & Security, Inc. (NYSE:FBHS) on Thursday, April 27 with “Outperform” rating.

Analysts await Fortune Brands Home & Security, Inc. (NYSE:FBHS) to report earnings on January, 30. They expect $0.80 earnings per share, up 12.68% or $0.09 from last year’s $0.71 per share. FBHS’s profit will be $121.44 million for 22.46 P/E if the $0.80 EPS becomes a reality. After $0.83 actual earnings per share reported by Fortune Brands Home & Security, Inc. for the previous quarter, Wall Street now forecasts -3.61% negative EPS growth.

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.13, from 1.11 in 2017Q2. It is negative, as 36 investors sold Fortune Brands Home & Security, Inc. shares while 143 reduced holdings. 48 funds opened positions while 127 raised stakes. 124.72 million shares or 6.35% less from 133.18 million shares in 2017Q2 were reported. Aqr Cap Mgmt Ltd Liability reported 41,718 shares stake. Arrow Financial Corp has invested 0.01% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Benjamin F Edwards has invested 0.06% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Tci Wealth Advsr Inc invested 0% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Chevy Chase Holdg holds 135,329 shares or 0.04% of its portfolio. Next Financial Gru Inc invested in 101 shares or 0% of the stock. Glenmede Trust Na owns 27,396 shares. Norinchukin Bancshares The reported 0.01% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Moreover, Thompson Davis has 0.12% invested in Fortune Brands Home & Security, Inc. (NYSE:FBHS) for 1,017 shares. Saturna accumulated 0.01% or 3,500 shares. Fort Washington Invest Advsrs Oh has invested 0.02% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Commonwealth Bancorp Of Aus holds 0% or 119 shares. Stifel Fin Corporation holds 100,720 shares. Nomura Asset Mgmt owns 21,053 shares. Guggenheim Ltd stated it has 505,341 shares.

The stock increased 0.83% or $0.4716 during the last trading session, reaching $57.4016. About 1.11 million shares traded. Continental Resources, Inc. (CLR) has risen 4.05% since January 17, 2017 and is uptrending. It has underperformed by 12.65% the S&P500.

Brenham Capital Management L.P. holds 13.74% of its portfolio in Continental Resources, Inc. for 2.60 million shares. Jvl Advisors L.L.C. owns 523,130 shares or 6.82% of their US portfolio. Moreover, Geosphere Capital Management has 6.09% invested in the company for 60,000 shares. The New York-based Sir Capital Management L.P. has invested 6.02% in the stock. Cambrian Capital Limited Partnership, a California-based fund reported 119,746 shares.

Ratings analysis reveals 50% of Continental Resources’s analysts are positive. Out of 8 Wall Street analysts rating Continental Resources, 4 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $56.0 while the high is $64.0. The stock’s average target of $59.75 is 4.09% above today’s ($57.4016) share price. CLR was included in 8 notes of analysts from August 19, 2016. Wunderlich maintained the shares of CLR in report on Friday, August 19 with “Buy” rating. The rating was downgraded by Deutsche Bank to “Hold” on Thursday, December 8. The rating was downgraded by JP Morgan to “Neutral” on Thursday, December 8. Citigroup initiated the stock with “Buy” rating in Monday, October 31 report. The company was initiated on Monday, December 19 by FBR Capital. The firm has “Buy” rating by Jefferies given on Tuesday, January 17. On Monday, December 5 the stock rating was downgraded by KLR Group to “Hold”. The firm earned “Overweight” rating on Monday, October 17 by Barclays Capital.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $958,024 activity.

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