Continental Resources (CLR) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Continental Resources in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CLR shares.
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4 analysts have issued 12-month target prices for Continental Resources' shares. Their CLR share price forecasts range from $74.00 to $74.00. On average, they predict the company's stock price to reach $74.00 in the next twelve months.
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Continental Resources, Inc. (NYSE:CLR) announced its quarterly earnings results 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 had revenue of $1.34 billion for the quarter, compared to analyst estimates 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 last year, the firm earned ($0.16) EPS.

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.

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 issued shares were distributed to shareholders after the closing bell on Wednesday, September 10th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Continental Resources investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), Transocean (RIG), NIC (EGOV) and Och-Ziff Capital Management Group (OZM).

Continental Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLR."

Continental Resources (NYSE:CLR) has a market capitalization of $0.00 and generates $5.72 billion in revenue each year. The oil and natural gas company earns $1.66 billion in net income (profit) each year or $9.84 on an earnings per share basis.

The company employs 1,254 workers across the globe.

Continental Resources' mailing address is 20 NORTH BROADWAY, OKLAHOMA CITY OK, 73102. The official website for the company is www.clr.com. The oil and natural gas company can be reached via phone at (405) 774-5257, via email at rory.sabino@clr.com, or via fax at 405-234-9253.