Continental Resources - CLR Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Continental Resources in the last twelve months. There are currently 3 sell ratings, 10 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Continental Resources stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CLR, but not buy additional shares or sell existing shares.
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17 brokers have issued 1-year price targets for Continental Resources' shares. Their CLR stock forecasts range from $53.00 to $95.00. On average, they predict Continental Resources' stock price to reach $69.29 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
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Continental Resources' stock was trading at $44.76 at the beginning of the year. Since then, CLR stock has increased by 48.6% and is now trading at $66.51.
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Continental Resources saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 3,920,000 shares, a decrease of 37.6% from the June 15th total of 6,280,000 shares. Based on an average daily trading volume, of 1,870,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.9% of the shares of the stock are short sold.
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Continental Resources is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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Continental Resources, Inc. (NYSE:CLR) posted its earnings results on Thursday, July, 28th. The oil and natural gas company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.05 by $0.42. The oil and natural gas company had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.66 billion. Continental Resources had a net margin of 37.73% and a trailing twelve-month return on equity of 40.32%. The business's revenue for the quarter was up 114.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS.

Continental Resources announced a quarterly dividend on Thursday, July 28th. Shareholders of record on Monday, August 8th will be paid a dividend of $0.28 per share on Monday, August 22nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, August 5th.
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Continental Resources(NYSE:CLR) pays an annual dividend of $1.12 per share and currently has a dividend yield of 1.68%. Continental Resources has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Continental Resources is 13.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Continental Resources will have a dividend payout ratio of 9.99% next year. This indicates that Continental Resources will be able to sustain or increase its dividend.
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Shares of Continental Resources split on Thursday, September 11th 2014. The 2-1 split was announced on Monday, August 18th 2014. The newly issued shares were payable to shareholders after the closing bell 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.

35 employees have rated Continental Resources CEO Harold G. Hamm on Glassdoor.com. Harold G. Hamm has an approval rating of 63% among Continental Resources' 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' stock is owned by a number of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.07%), Whittier Trust Co. (0.04%), Victory Capital Management Inc. (0.03%), State Board of Administration of Florida Retirement System (0.03%), National Bank of Canada FI (0.03%) and Gateway Investment Advisers LLC (0.02%). Company insiders that own Continental Resources stock include Ellis L Mccain, Ellis L Mccain, Eric Spencer Eissenstat, Harold Hamm, Jack H Stark, Jack H Stark, John D Hart, John D Hart, John T Mcnabb II, John T Mcnabb II, Pat Bent, Steven K Owen, Timothy Garth Taylor and William B Berry.
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Shares of CLR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CLR stock can currently be purchased for approximately $66.51.

Continental Resources (NYSE:CLR) has a market capitalization of $24.14 billion 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 $8.05 on an earnings per share basis.

Continental Resources employs 1,254 workers across the globe.

Continental Resources was founded in 1967.

Continental Resources' mailing address is 20 NORTH BROADWAY, OKLAHOMA CITY OK, 73102. The official website for Continental Resources 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.