Continental Resources Company Profile (NYSE:CLR)

About Continental Resources

Continental Resources logoContinental Resources, Inc. is an independent crude oil and natural gas exploration and production company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units. The South region includes Kansas and all properties south of Kansas and west of the Mississippi River, including various plays in the South Central Oklahoma Oil Province (SCOOP), Sooner Trend Anadarko Canadian Kingfisher (STACK), Northwest Cana and Arkoma Woodford areas of Oklahoma. The Company's estimated proved reserves are approximately 1,230 million barrels of crude oil equivalent (MMBoe) with estimated proved developed reserves of over 520 MMBoe. The East region includes undeveloped leasehold acreage east of the Mississippi River. The Company's crude oil production is sold to crude oil refining companies at market centers.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Independent Oil & Gas
  • Sub-Industry: Oil & Gas Exploration & Production
  • Exchange: NYSE
  • Symbol: CLR
  • CUSIP: 21201510
Key Metrics:
  • Previous Close: $47.18
  • 50 Day Moving Average: $49.23
  • 200 Day Moving Average: $50.01
  • 52-Week Range: $16.92 - $60.30
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 100.38
  • P/E Growth: -2.06
  • Market Cap: $17.25B
  • Outstanding Shares: 370,498,000
  • Beta: 1.51
Profitability:
  • Net Margins: -28.27%
  • Return on Equity: -8.69%
  • Return on Assets: -2.67%
Debt:
  • Debt-to-Equity Ratio: 1.60%
  • Current Ratio: 0.94%
  • Quick Ratio: 0.82%
Additional Links:
Companies Related to Continental Resources:

Analyst Ratings

Consensus Ratings for Continental Resources (NYSE:CLR) (?)
Ratings Breakdown: 8 Hold Ratings, 17 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.73)
Consensus Price Target: $52.09 (10.41% upside)

Analysts' Ratings History for Continental Resources (NYSE:CLR)
Show:
DateFirmActionRatingPrice TargetDetails
2/11/2017Canaccord GenuitySet Price TargetBuy$61.00View Rating Details
1/31/2017KLR GroupUpgradeHold -> Buy$59.00View Rating Details
1/30/2017InstinetReiterated RatingBuy -> PositiveView Rating Details
1/29/2017Jefferies Group LLCReiterated RatingBuy$60.00 -> $63.00View Rating Details
12/19/2016FBR & CoInitiated CoverageMarket Perform$56.00View Rating Details
12/16/2016Wells Fargo & CompanyDowngradeOutperform -> Market PerformView Rating Details
12/8/2016Deutsche Bank AGDowngradeBuy -> Hold$64.00View Rating Details
12/8/2016J P Morgan Chase & CoDowngradeOverweight -> Neutral$55.00 -> $57.00View Rating Details
11/11/2016ScotiabankLower Price TargetOutperform$16.50 -> $16.00View Rating Details
10/31/2016Citigroup Inc.Initiated CoverageBuy$62.00View Rating Details
10/30/2016BMO Capital MarketsInitiated CoverageBuy$18.00View Rating Details
10/17/2016Barclays PLCUpgradeEqual Weight -> Overweight$48.00 -> $60.00View Rating Details
8/31/2016Stifel NicolausReiterated RatingHoldView Rating Details
8/25/2016NomuraBoost Price TargetBuy$50.00 -> $54.00View Rating Details
8/19/2016WunderlichBoost Price TargetBuy$50.00 -> $59.00View Rating Details
8/11/2016StephensSet Price TargetBuy$54.00View Rating Details
8/5/2016RBC Capital MarketsReiterated RatingOutperform$48.00 -> $51.00View Rating Details
8/5/2016Credit Suisse GroupReiterated RatingHold$47.00View Rating Details
8/5/2016Royal Bank Of CanadaBoost Price TargetOutperform$48.00 -> $51.00View Rating Details
8/1/2016SunTrust Banks, Inc.UpgradeNeutral -> Buy$60.00View Rating Details
5/18/2016SimmonsBoost Price TargetNeutral$32.00 -> $37.00View Rating Details
5/16/2016Howard WeilDowngradeFocus Stock -> Sector OutperformView Rating Details
5/5/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$42.00 -> $50.00View Rating Details
4/27/2016Capital One Financial CorporationDowngradeOverweight -> Equal WeightView Rating Details
3/31/2016Seaport Global SecuritiesUpgradeAccumulate -> BuyView Rating Details
3/8/2016Susquehanna Bancshares IncReiterated RatingPositiveView Rating Details
2/5/2016Robert W. BairdLower Price Target$34.00 -> $19.00View Rating Details
1/15/2016Tudor PickeringUpgradeHold -> BuyView Rating Details
1/5/2016Evercore ISIUpgradeHold -> Buy$41.00View Rating Details
1/5/2016Bank of America CorpUpgradeNeutral -> Buy$38.00View Rating Details
12/1/2015GuggenheimReiterated RatingBuyView Rating Details
9/15/2015Cowen and CompanyLower Price TargetMarket Perform$56.00 -> $30.00View Rating Details
6/2/2015Evercore Partners Inc.Initiated CoverageHold$52.00View Rating Details
5/18/2015Goldman Sachs Group, Inc. (The)UpgradeNeutral -> Buy$46.00 -> $60.00View Rating Details
5/15/2015Ladenburg Thalmann Financial ServicesUpgradeNeutral -> Buy$50.00 -> $65.00View Rating Details
3/30/2015Societe GeneraleUpgradeHold -> Buy$52.00 -> $50.00View Rating Details
(Data available from 2/22/2015 forward)

Earnings

Earnings History for Continental Resources (NYSE:CLR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/22/2017        
2/22/2017($0.11)N/AView Earnings Details
11/2/2016Q316($0.15)($0.22)$148.37 million$526.20 millionViewListenView Earnings Details
8/3/2016Q216($0.17)($0.18)$518.42 million$525.70 millionViewListenView Earnings Details
5/4/2016Q116($0.37)($0.41)$444.84 million$453.17 millionViewListenView Earnings Details
2/24/2016Q415($0.21)($0.23)$575.70 million$575.50 millionViewListenView Earnings Details
11/4/2015Q315($0.12)($0.12)$663.85 million$628.45 millionViewListenView Earnings Details
8/5/2015Q215$0.04$0.13$681.48 million$790.10 millionViewListenView Earnings Details
5/6/2015Q115($0.13)($0.09)$638.42 million$625.60 millionViewN/AView Earnings Details
2/25/2015Q4$0.55$1.14$1.02 billionViewListenView Earnings Details
11/5/2014Q314$0.81$0.81$1.17 billion$1.16 billionViewListenView Earnings Details
8/5/2014Q214$1.69$1.50$1.10 billionViewListenView Earnings Details
5/7/2014Q114$1.50$1.47$1,000.00 million$972.50 millionViewListenView Earnings Details
2/26/2014Q413$1.30$1.23$942.87 million$912.29 millionViewListenView Earnings Details
11/7/2013Q313$1.48$1.61$970.67 million$1.03 billionViewListenView Earnings Details
8/7/2013Q2 2013$1.25$1.33$853.42 million$892.19 millionViewListenView Earnings Details
5/8/2013Q1 2013$1.13$1.17$766.49 million$710.20 millionViewListenView Earnings Details
2/27/2013Q4 2012$0.87$1.19$657.60 million$670.44 millionViewListenView Earnings Details
11/7/2012Q312$0.87$0.87$611.54 million$633.30 millionViewN/AView Earnings Details
5/2/2012$0.84$0.76ViewN/AView Earnings Details
2/22/2012$0.76$0.88ViewN/AView Earnings Details
5/5/2011$0.54($0.80)ViewN/AView Earnings Details
2/23/2011$0.49$0.51ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Continental Resources (NYSE:CLR)
Current Year EPS Consensus Estimate: $-0.91 EPS
Next Year EPS Consensus Estimate: $0.47 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20168($0.42)($0.11)($0.28)
Q2 20165($0.26)($0.10)($0.18)
Q3 20165($0.21)($0.11)($0.16)
Q4 20166($0.15)($0.07)($0.12)
Q1 20174($0.03)$0.09$0.02
Q2 20174$0.00$0.16$0.06
Q3 20174$0.01$0.30$0.15
Q4 20174$0.02$0.42$0.23
Q1 20182$0.32$0.33$0.33
Q2 20182$0.26$0.42$0.34
Q3 20182$0.32$0.57$0.45
Q4 20182$0.47$0.75$0.61
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Continental Resources (NYSE:CLR)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Continental Resources (NYSE:CLR)
Insider Ownership Percentage: 76.97%
Institutional Ownership Percentage: 23.17%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/20/2016John D. HartCFOSell3,000$52.03$156,090.00View SEC Filing  
11/30/2016Gary E. GouldSVPSell7,500$58.20$436,500.00View SEC Filing  
11/22/2016Jack H. StarkCOOSell788$53.34$42,031.92View SEC Filing  
11/22/2016Steven K. OwenSVPSell4,000$53.34$213,360.00View SEC Filing  
9/21/2016John D. HartCFOSell4,000$46.84$187,360.00View SEC Filing  
9/21/2016Steven K. OwenSVPSell3,200$46.54$148,928.00View SEC Filing  
8/30/2016Gary E. GouldSVPSell5,000$50.25$251,250.00View SEC Filing  
8/26/2016Jack H. StarkCOOSell12,000$49.24$590,880.00View SEC Filing  
6/23/2016Eric Spencer EissenstatSVPSell10,000$45.35$453,500.00View SEC Filing  
6/20/2016Glen A. BrownSVPSell8,977$43.23$388,075.71View SEC Filing  
6/15/2016John D HartCFOSell13,500$42.42$572,670.00View SEC Filing  
6/9/2016John D HartCFOSell2,500$43.22$108,050.00View SEC Filing  
6/7/2016Eric Spencer EissenstatSVPSell10,000$43.32$433,200.00View SEC Filing  
5/20/2016David L BorenDirectorSell5,000$41.10$205,500.00View SEC Filing  
5/20/2016Glen A BrownSVPSell15,000$40.62$609,300.00View SEC Filing  
5/10/2016Steven K OwenSVPSell14,000$40.13$561,820.00View SEC Filing  
11/6/2015John D HartCFOSell5,000$36.10$180,500.00View SEC Filing  
5/12/2015John D HartCFOSell7,500$47.93$359,475.00View SEC Filing  
3/10/2015Harold HammCEOBuy139,621$42.97$5,999,514.37View SEC Filing  
12/15/2014John T Mcnabb IIDirectorBuy2,000$32.72$65,440.00View SEC Filing  
12/3/2014William B BerryDirectorBuy15,000$40.20$603,000.00View SEC Filing  
9/22/2014Harold HammCEOBuy71,999$67.45$4,856,332.55View SEC Filing  
6/26/2014Steven K OwenSVPSell4,000$154.95$619,800.00View SEC Filing  
6/4/2014David L BorenDirectorSell2,833$142.42$403,475.86View SEC Filing  
5/20/2014Harold HammCEOBuy42,300$134.46$5,687,658.00View SEC Filing  
3/18/2014Ellis MccainDirectorSell3,333$121.29$404,259.57View SEC Filing  
3/18/2014Jack StarkSVPSell5,000$121.16$605,800.00View SEC Filing  
2/28/2014John Mcnabb IIDirectorBuy1,000$118.67$118,670.00View SEC Filing  
12/26/2013Edward SchaferDirectorSell1,945$111.21$216,303.45View SEC Filing  
12/20/2013Jack StarkSVPSell5,000$111.89$559,450.00View SEC Filing  
12/11/2013Harold HammCEOBuy41,000$102.20$4,190,200.00View SEC Filing  
12/11/2013Winston BottCOOBuy1,500$101.28$151,920.00View SEC Filing  
9/18/2013Richard MuncriefSVPSell3,500$100.89$353,115.00View SEC Filing  
9/17/2013Eric Spencer EissenstatSVPSell2,000$101.28$202,560.00View SEC Filing  
9/17/2013John HartCFOSell3,000$101.04$303,120.00View SEC Filing  
9/13/2013Jack StarkSVPSell12,000$100.96$1,211,520.00View SEC Filing  
5/10/2013David L BorenDirectorSell3,333$81.48$271,572.84View SEC Filing  
3/22/2013Winston F BottCOOBuy1,500$85.59$128,385.00View SEC Filing  
12/27/2012John D HartCFOSell2,500$72.78$181,950.00View SEC Filing  
12/26/2012Jeff B HumeChairmanSell62,398$73.17$4,565,661.66View SEC Filing  
12/24/2012Richard E MuncriefSVPSell2,000$73.44$146,880.00View SEC Filing  
11/12/2012John T Mcnabb IIDirectorSell7,666$69.94$536,160.04View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Continental Resources (NYSE:CLR)
DateHeadline
News IconCONTINENTAL RESOURCES: Example Of What Is Horribly Wrong With The U.S. Shale Oil Industry (NYSE:CLR)
thedailycoin.org - February 22 at 11:33 AM
prnewswire.com logoOil & Gas Stocks Under Review -- SM Energy, Continental Resources, Newfield Exploration, and EP Energy (NYSE:CLR)
www.prnewswire.com - February 22 at 11:33 AM
News IconIs It Time to go for Realty Income Corporation (O), Continental Resources, Inc. (CLR)? - StockNewsJournal (NYSE:CLR)
stocknewsjournal.com - February 21 at 3:46 PM
News IconStock Price of Continental Resources, Inc. (CLR) Decreases -1.18% - Highland Mirror (NYSE:CLR)
www.highlandmirror.com - February 21 at 3:46 PM
marketrealist.com logoHow Short Interest Impacts Your Upstream Stocks (NYSE:CLR)
marketrealist.com - February 21 at 3:46 PM
News IconAnalyst Observation On 2 Stocks: Continental Resources, Inc. (CLR), Activision Blizzard, Inc. (ATVI) - Post Analyst (NYSE:CLR)
postanalyst.com - February 20 at 4:07 PM
News IconLarge Outflow of Money Witnessed in Continental Resources, Inc (NYSE:CLR)
eleganthomesinla.com - February 16 at 10:59 AM
News IconFifth Third Bancorp Has $1390000 Position in Continental Resources, Inc. (CLR) (NYSE:CLR)
latribunadecanarias.com - February 16 at 10:59 AM
us.rd.yahoo.com logoInside Continental Resources’ Road Map for 2017 (NYSE:CLR)
us.rd.yahoo.com - February 16 at 10:59 AM
us.rd.yahoo.com logoBlog Coverage Chesapeake Energy to Increase Rig Count, Capital Expenditures in 2017 (NYSE:CLR)
us.rd.yahoo.com - February 16 at 10:59 AM
us.rd.yahoo.com logoCould Continental Resources’ Stock Be Recovering? (NYSE:CLR)
us.rd.yahoo.com - February 16 at 10:59 AM
us.rd.yahoo.com logoContinental Resources Stock: What Analysts See for the 12 Months (NYSE:CLR)
us.rd.yahoo.com - February 16 at 10:59 AM
News IconAnalyst's Indicator Review for Molson Coors Brewing Company (TAP), Continental Resources, Inc. (CLR) - The USA Commerce (NYSE:CLR)
www.theusacommerce.com - February 14 at 10:11 PM
marketrealist.com logoWhat Lies in Store for Continental Resources in 4Q16? (NYSE:CLR)
marketrealist.com - February 14 at 5:09 PM
News IconNumbers in Focus for Continental Resources, Inc. (NYSE:CLR) - Midway Monitor (NYSE:CLR)
midwaymonitor.com - February 10 at 9:37 PM
News IconThe Technical Case for and Against Continental Resources, Inc. (CLR) - The USA Commerce (NYSE:CLR)
www.theusacommerce.com - February 10 at 9:37 PM
News IconAnalytical Guide for Baxter International Inc. (BAX), Continental Resources, Inc. (CLR) Stakeholders - The USA Commerce (NYSE:CLR)
www.theusacommerce.com - February 10 at 9:37 PM
marketrealist.com logoWhat Do Analysts Expect for Whiting Petroleum? (NYSE:CLR)
marketrealist.com - February 10 at 4:37 PM
moodys.com logoContinental Resources, Inc. -- Moody's changes Continental Resources' outlook to positive (NYSE:CLR)
www.moodys.com - February 9 at 4:44 PM
News IconContinental Resources, Inc. (NYSE:CLR) Quarterly EPS Projection ... - Stock Observer (NYSE:CLR)
www.thestockobserver.com - February 8 at 4:41 PM
istreetwire.com logoStocks Roundup: Continental Resources, Inc. (CLR), Aetna Inc. (AET), The Hartford Financial Services Group, Inc. (HIG) - iStreetWire (NYSE:CLR)
istreetwire.com - February 7 at 10:27 PM
News IconBuy or Sell? What Analysts Recommends: Las Vegas Sands Corp. (LVS), Continental Resources, Inc. (CLR) - StockNewsJournal (NYSE:CLR)
stocknewsjournal.com - February 7 at 10:27 PM
nasdaq.com logoCLR Crosses Below Key Moving Average Level (NYSE:CLR)
www.nasdaq.com - February 6 at 4:25 PM
marketrealist.com logoAre Traders Reducing Their Shorts on Upstream Stocks? (NYSE:CLR)
marketrealist.com - February 6 at 4:25 PM
realistinvestor.com logoDeferred Tax Assets Of Continental Resources, Inc. (NYSE:CLR) At $0.068 Millions (NYSE:CLR)
www.realistinvestor.com - February 4 at 4:25 PM
investors.com logoU.S. Oil Rig Count Hits Highest Level Since October 2015 (NYSE:CLR)
www.investors.com - February 3 at 4:35 PM
News IconEarnings Parade Rolls On, What Are Analysts Saying About Continental Resources, Inc. (NYSE:CLR)? - Wall Street Beacon (NYSE:CLR)
wsbeacon.com - February 1 at 4:39 PM
istreetwire.com logoTrader's Buzzers: CenterPoint Energy, Inc. (CNP), ConocoPhillips ... - iStreetWire (NYSE:CLR)
istreetwire.com - February 1 at 4:39 PM
finance.yahoo.com logoContinental Resources upgraded by KLR Group (NYSE:CLR)
finance.yahoo.com - January 31 at 4:48 PM
forbes.com logoHow Quickly Could U.S. Producers Offset OPEC-Led Production Cuts? (NYSE:CLR)
www.forbes.com - January 31 at 4:48 PM
investors.com logoCup-With-Handle Basics: Analyze Both Daily, Weekly Stock Charts (NYSE:CLR)
www.investors.com - January 31 at 4:48 PM
marketrealist.com logoWhiting Petroleum: Wall Street Recommendations for the Stock (NYSE:CLR)
marketrealist.com - January 30 at 10:15 PM
nasdaq.com logoCLR Stock Crowded With Sellers (NYSE:CLR)
www.nasdaq.com - January 30 at 5:12 PM
finance.yahoo.com logoOveroptimistic Money Managers Could Crash Oil Prices (NYSE:CLR)
finance.yahoo.com - January 30 at 5:12 PM
News IconContinental Resources, Inc. (NYSE:CLR) EPS Forecast Given As $0.4933 - Transcript Daily (NYSE:CLR)
transcriptdaily.com - January 30 at 6:41 AM
seekingalpha.com logoThe Scoop On The Stack Profits Of Continental Resources (NYSE:CLR)
seekingalpha.com - January 28 at 3:45 AM
fool.com logoThis Bakken Shale Oil Stock Doubled in 2016, but It Has Plenty of Fuel for Another Run in 2017 (NYSE:CLR)
us.rd.yahoo.com - January 28 at 3:45 AM
News IconContinental Resources, Inc. (NYSE:CLR) Quarterly EPS Projection At $-0.12 - Stock Observer (NYSE:CLR)
www.thestockobserver.com - January 26 at 5:23 PM
streetinsider.com logoContinental Resources (CLR) Offers FY17 Guidance And Capital Budget - StreetInsider.com (NYSE:CLR)
www.streetinsider.com - January 26 at 5:23 PM
biz.yahoo.com logoCONTINENTAL RESOURCES, INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an (NYSE:CLR)
biz.yahoo.com - January 26 at 5:23 PM
4-traders.com logoContinental Resources : Reports Record STACK Meramec Well (NYSE:CLR)
www.4-traders.com - January 25 at 10:28 PM
streetinsider.com logoContinental Resources (CLR) Offers FY17 Guidance And Capital Budget (NYSE:CLR)
www.streetinsider.com - January 25 at 10:28 PM
us.rd.yahoo.com logoHamm: We can reach energy independence (NYSE:CLR)
us.rd.yahoo.com - January 25 at 10:28 PM
us.rd.yahoo.com logo5:09 pm Continental Resources reports Q4 production averaged approx 210K Boe per day reflecting persistent severe weather in N Dakota; issues 2017 CapEx budget of $1.95 bln (NYSE:CLR)
us.rd.yahoo.com - January 25 at 10:28 PM
finance.yahoo.com logoContinental Resources Projects 2017 Guidance And Capital Budget Of $1.95 Billion - Cash Neutral At $55 Per Barrel WTI (NYSE:CLR)
finance.yahoo.com - January 25 at 5:27 PM
News IconContinental Resources, Inc. (NYSE:CLR) from Independent Oil & Gas – Todays Top Gains (NYSE:CLR)
twincountynews.com - January 24 at 4:56 PM
News IconPicton Mahoney Asset Management Upped Its Continental Resources INC (CLR) Stake as Valuation Rose (NYSE:CLR)
randolphguide.com - January 24 at 4:56 PM
News IconStock Backsliding Ahead of the Bell: Continental Resources, Inc. (NYSE:CLR) - Aiken Advocate (NYSE:CLR)
aikenadvocate.com - January 23 at 9:39 PM
News IconContinental Resources, Inc. (NYSE:CLR) Broker Price Targets For The Coming Week (NYSE:CLR)
xboxonezone.com - January 23 at 4:39 PM
News IconWall Street Holds Inauguration Gains, How Did This Stock Fare: Continental Resources, Inc. (NYSE:CLR) - Wall Street Beacon (NYSE:CLR)
wsbeacon.com - January 21 at 9:24 PM

Social

What is Continental Resources' stock symbol?

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

When did Continental Resources' stock split? How did Continental Resources' stock split work?

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

Where is Continental Resources' stock going? Where will Continental Resources' stock price be in 2017?

26 brokers have issued 1 year target prices for Continental Resources' stock. Their forecasts range from $16.00 to $75.00. On average, they anticipate Continental Resources' share price to reach $52.09 in the next year.

When will Continental Resources announce their earnings?

Continental Resources is scheduled to release their next quarterly earnings announcement on Wednesday, February, 22nd 2017.

What are analysts saying about Continental Resources stock?

Here are some recent quotes from research analysts about Continental Resources stock:

  • According to Zacks Investment Research, "CONTINENTAL RESOURCES is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The Company focuses its operations in large new and developing plays where horizontal drilling, advanced fracture stimulation and enhanced recovery technologies provide the means to economically develop and produce oil and natural gas reserves from unconventional formations. " (2/20/2017)

  • KLR Group analysts commented, "We are upgrading CLR from Hold to Buy. We are increasing our target price $2 to $59 per share target price due to fractionally lower capital intensity and incremental late '17 production growth (Bakken/TFS DUC completions). Since our early December downgrade, CLR has depreciated ~20% and underperformed the sector by ~15%. CLR now has at least 20% upside and thus merits an upgrade to Buy.Our '17 production expectation of ~221 Mboepd is toward the low end of guidance (220-230 Mboepd). Our '17 exit rate expectation of 235-240 Mboepd is ~5% below company guidance (250-260 Mboepd). Continental's capital intensity is approximately 30% higher than the industry, though the company generates ~30% stronger cash operating margins. Accordingly, CLR's mid-cycle capital yield of ~140% approximates the industry median cash recycle ratio." (1/31/2017)
  • Canaccord Genuity analysts commented, "CLR is the largest leaseholder in the Williston Basin (WB) and is an industry leader in enhanced completions testing. The company is also a pioneer in the development of the SCOOP and STACK plays in Oklahoma, where it is achieving impressive results and has considerable upside that we do not believe is reflected in the stock price. Investment highlights CLR reported Q4 adjusted EPS/CFPS of $(0.23)/$0.92 vs. our estimates of $(0.17)/ $0.92 and consensus of $(0.21)/$0.92. The company preannounced FY16 production at ~221.7 MBoe/d, above our prior 218.6 MBoe/d estimate. This represents 27% growth vs. 2014, above our previous 25% estimate and company guidance of 24-26%. Q4/15 production was 224.9 MBoe/d (65% oil). The company accomplished the 27% Y/Y production growth with capex coming in $200M below the $2.7B budget." (2/24/2016)

Who owns Continental Resources stock?

Continental Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (3.19%), State Street Corp (0.70%), Alyeska Investment Group L.P. (0.31%), Caymus Capital Partners L.P. (0.27%), Dimensional Fund Advisors LP (0.23%) and Thrivent Financial for Lutherans (0.20%). Company insiders that own Continental Resources stock include David L Boren, Eric Spencer Eissenstat, Gary E Gould, Glen A Brown, Harold Hamm, Jack H Stark, John D Hart and Steven K Owen.

Who sold Continental Resources stock? Who is selling Continental Resources stock?

Continental Resources' stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Thrivent Financial for Lutherans, Impala Asset Management LLC, JVL Advisors L.L.C., Waratah Capital Advisors Ltd., Allianz Asset Management AG, Horizon Kinetics LLC and Dimensional Fund Advisors LP. Company insiders that have sold Continental Resources stock in the last year include David L Boren, Eric Spencer Eissenstat, Gary E Gould, Glen A Brown, Jack H Stark, John D Hart and Steven K Owen.

Who bought Continental Resources stock? Who is buying Continental Resources stock?

Continental Resources' stock was bought by a variety of institutional investors in the last quarter, including Alyeska Investment Group L.P., Caymus Capital Partners L.P., Precocity Capital LP, Janus Capital Management LLC, Russell Investments Group Ltd., DFT Energy LP, A.R.T. Advisors LLC and GSA Capital Partners LLP.

How do I buy Continental Resources stock?

Shares of Continental Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Continental Resources stock cost?

One share of Continental Resources stock can currently be purchased for approximately $47.18.

Continental Resources (NYSE:CLR) Chart for Wednesday, February, 22, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Continental Resources (NYSE:CLR)

Earnings History Chart

Earnings by Quarter for Continental Resources (NYSE:CLR)

Dividend History Chart

Dividend Payments by Quarter for Continental Resources (NYSE:CLR)

Last Updated on 2/22/2017 by MarketBeat.com Staff