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NYSE:CLR

Continental Resources (CLR) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
N/A
50-Day Range
$62.65
$74.27
52-Week Range
N/A
Volume
194,173 shs
Average Volume
2.17 million shs
Market Capitalization
$26.96 billion
P/E Ratio
7.55
Dividend Yield
1.51%
Price Target
N/A
CLR stock logo

About Continental Resources Stock (NYSE:CLR)

Continental Resources, Inc. is an independent oil producer engaged in the exploration, development, and production of crude oil and natural gas. The firm's operations include horizontal drilling and protecting groundwater. The company was founded by Harold G. Hamm in 1967 and is headquartered in Oklahoma City, OK.

CLR Stock News Headlines

Continental To Layoff 7,150 Jobs Worldwide
Lion-Phillip S-REIT ETF (CLR.SI)
Continental Resources gets new CEO
Continental Resources to gets new CEO
Continental Resources Inc. Q3 Profit Increases, but misses estimates
CONTINENTAL RESOURCES ANNOUNCES 3Q22 RESULTS
See More Headlines
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Company Calendar

Last Earnings
11/03/2021
Today
6/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
21201510
Employees
1,254
Year Founded
1967

Profitability

Net Income
$1.66 billion
Pretax Margin
53.35%

Debt

Sales & Book Value

Annual Sales
$5.72 billion
Book Value
$28.41 per share

Miscellaneous

Free Float
150,399,000
Market Cap
$26.96 billion
Optionable
Optionable
Beta
2.32

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Key Executives

Should I Buy Continental Resources Stock? CLR Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Continental Resources, Inc.:

  • Continental Resources, Inc. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company has successfully implemented cost-cutting measures, leading to improved profit margins and overall financial health.
  • Continental Resources, Inc. recently announced a strategic partnership with a major energy company, which is expected to drive future growth and expansion opportunities.
  • With the current rise in oil prices, Continental Resources, Inc. stands to benefit from increased profitability in its core business operations.
  • Analysts have raised their price targets on Continental Resources, Inc., reflecting positive market sentiment and potential for stock price appreciation.

Cons

Investors should be bearish about investing in Continental Resources, Inc. for these reasons:

  • Continental Resources, Inc. operates in a volatile industry, susceptible to fluctuations in oil prices and global economic conditions, which can impact its financial performance.
  • The company's heavy reliance on oil and gas revenues exposes it to regulatory risks and environmental concerns, potentially affecting its long-term sustainability.
  • Continental Resources, Inc. carries a significant amount of debt on its balance sheet, which could pose challenges in times of economic downturns or unfavorable market conditions.
  • Market competition in the energy sector is intense, leading to pricing pressures and potential market share losses for Continental Resources, Inc.
  • Investing in Continental Resources, Inc. involves inherent market risks, including geopolitical factors, supply-demand dynamics, and unforeseen events that can impact the company's operations and financial results.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, June 6, 2024. Please send any questions or comments about these Continental Resources pros and cons to contact@marketbeat.com.

CLR Stock Analysis - Frequently Asked Questions

How were Continental Resources' earnings last quarter?

Continental Resources, Inc. (NYSE:CLR) posted its quarterly earnings data on Wednesday, November, 3rd. The oil and natural gas company reported $1.20 earnings per share for the quarter, hitting analysts' consensus estimates of $1.20. The oil and natural gas company earned $1.34 billion during the quarter, compared to analysts' expectations of $1.40 billion. Continental Resources had a net margin of 40.29% and a trailing twelve-month return on equity of 43.58%. During the same period in the prior year, the business posted ($0.16) earnings per share.

Is Continental Resources a good dividend stock?

Continental Resources (NYSE:CLR) pays an annual dividend of $1.12 per share and currently has a dividend yield of 1.51%. The dividend payout ratio is 11.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CLR will have a dividend payout ratio of 10.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CLR.

When did Continental Resources' stock split?

Continental Resources shares split on the morning of Thursday, September 11th 2014. The 2-1 split was announced on Monday, August 18th 2014. The newly created shares were issued to shareholders after the market closes on Wednesday, September 10th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Harold G. Hamm's approval rating as Continental Resources' CEO?

35 employees have rated Continental Resources Chief Executive Officer Harold G. Hamm on Glassdoor.com. Harold G. Hamm has an approval rating of 63% among the company's employees. This puts Harold G. Hamm in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Continental Resources own?
Does Continental Resources have any subsidiaries?
The following companies are subsidiares of Continental Resources: 20 Broadway Associates LLC, Banner Pipeline Company L.L.C., CLR Asset Holdings LLC, Flintlock Energy Inc., SFPG LLC, The Mineral Resources Company, The Mineral Resources Company II LLC, and Wall Industries.
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This page (NYSE:CLR) was last updated on 6/7/2024 by MarketBeat.com Staff

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