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NYSE:CLRContinental Resources Stock Price, Forecast & News

$14.26
-0.25 (-1.72 %)
(As of 05/26/2020 01:57 PM ET)
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Today's Range
$14.03
Now: $14.26
$14.80
50-Day Range
$9.08
MA: $12.83
$16.39
52-Week Range
$6.90
Now: $14.26
$43.57
Volume198,074 shs
Average Volume5.04 million shs
Market Capitalization$5.21 billion
P/E Ratio13.20
Dividend Yield1.42%
Beta3.56
Continental Resources, Inc. explores for, develops, and produces crude oil and natural gas properties primarily in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. As of December 31, 2018, its proved reserves were 1,522 million barrels of crude oil equivalent (MMBoe) with estimated proved developed reserves of 675 MMBoe. Continental Resources, Inc. was founded in 1967 and is based in Oklahoma City, Oklahoma.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 2.7Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.03 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
CUSIP21201510
Phone405-234-9000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.63 billion
Cash Flow$7.84 per share
Book Value$19.14 per share

Profitability

Net Income$775.64 million

Miscellaneous

Employees1,260
Market Cap$5.21 billion
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Continental Resources (NYSE:CLR) Frequently Asked Questions

How has Continental Resources' stock been impacted by COVID-19 (Coronavirus)?

Continental Resources' stock was trading at $8.78 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CLR shares have increased by 62.4% and is now trading at $14.26. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Continental Resources?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Continental Resources in the last year. There are currently 6 sell ratings, 12 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Continental Resources.

When is Continental Resources' next earnings date?

Continental Resources is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Continental Resources.

How were Continental Resources' earnings last quarter?

Continental Resources, Inc. (NYSE:CLR) released its quarterly earnings data on Monday, May, 11th. The oil and natural gas company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by $0.05. The oil and natural gas company had revenue of $880.80 million for the quarter, compared to analysts' expectations of $843.57 million. Continental Resources had a return on equity of 8.60% and a net margin of 9.18%. Continental Resources's quarterly revenue was down 21.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. View Continental Resources' earnings history.

How often does Continental Resources pay dividends? What is the dividend yield for Continental Resources?

Continental Resources declared a quarterly dividend on Monday, January 27th. Stockholders of record on Friday, February 7th will be given a dividend of $0.05 per share on Friday, February 21st. This represents a $0.20 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, February 6th. View Continental Resources' dividend history.

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

Continental Resources's stock split on Thursday, September 11th 2014. The 2-1 split was announced on Monday, August 18th 2014. The newly minted 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.

How will Continental Resources' stock buyback program work?

Continental Resources announced that its board has initiated a share buyback plan on Monday, June 3rd 2019, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 7.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

What price target have analysts set for CLR?

27 equities research analysts have issued 1-year target prices for Continental Resources' stock. Their forecasts range from $3.00 to $52.00. On average, they anticipate Continental Resources' stock price to reach $19.87 in the next twelve months. This suggests a possible upside of 39.3% from the stock's current price. View analysts' price targets for Continental Resources.

Has Continental Resources been receiving favorable news coverage?

Press coverage about CLR stock has been trending negative on Tuesday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Continental Resources earned a coverage optimism score of -2.6 on InfoTrie's scale. They also assigned media stories about the oil and natural gas company a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news aboutContinental Resources.

Are investors shorting Continental Resources?

Continental Resources saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 21,660,000 shares, an increase of 14.3% from the April 30th total of 18,950,000 shares. Based on an average daily trading volume, of 7,320,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 29.1% of the company's shares are short sold. View Continental Resources' Current Options Chain.

Who are some of Continental Resources' key competitors?

What other stocks do shareholders of Continental Resources own?

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), NIC (EGOV), Transocean (RIG) and Och-Ziff Capital Management Group (OZM).

Who are Continental Resources' key executives?

Continental Resources' management team includes the following people:
  • Mr. Harold G. Hamm LLM, Exec. Chairman & CEO (Age 73)
  • Mr. Jack H. Stark, Pres (Age 64)
  • Mr. John D. Hart, Sr. VP, CFO & Treasurer (Age 51)
  • Mr. Patrick W. Bent, Sr. VP of Drilling (Age 63)
  • Ms. Shelly Lambertz, VP of HR & Director (Age 52)

What is Continental Resources' stock symbol?

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

Who are Continental Resources' major shareholders?

Continental Resources' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (1.82%), State Street Corp (1.38%), Two Sigma Advisers LP (0.68%), Geode Capital Management LLC (0.25%), Parametric Portfolio Associates LLC (0.23%) and Bank of New York Mellon Corp (0.19%). Company insiders that own Continental Resources stock include Eric Spencer Eissenstat, Gary E Gould, Harold Hamm, Jack H Stark, John D Hart, John T Mcnabb II, Steven K Owen, Timothy Garth Taylor and William B Berry. View institutional ownership trends for Continental Resources.

Which major investors are selling Continental Resources stock?

CLR stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Gateway Investment Advisers LLC, Waddell & Reed Financial Inc., Deutsche Bank AG, Victory Capital Management Inc., Victory Capital Management Inc., New York State Common Retirement Fund, and Alliancebernstein L.P.. Company insiders that have sold Continental Resources company stock in the last year include Eric Spencer Eissenstat, Harold Hamm, and Jack H Stark. View insider buying and selling activity for Continental Resources.

Which major investors are buying Continental Resources stock?

CLR stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Two Sigma Advisers LP, State Street Corp, Caymus Capital Partners L.P., Parametric Portfolio Associates LLC, JPMorgan Chase & Co., Aperio Group LLC, and Banque Pictet & Cie SA. Company insiders that have bought Continental Resources stock in the last two years include Harold Hamm, John D Hart, John T Mcnabb II, Steven K Owen, Timothy Garth Taylor, and William B Berry. View insider buying and selling activity for Continental Resources.

How do I buy shares of Continental Resources?

Shares of CLR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Continental Resources' stock price today?

One share of CLR stock can currently be purchased for approximately $14.26.

How big of a company is Continental Resources?

Continental Resources has a market capitalization of $5.21 billion and generates $4.63 billion in revenue each year. The oil and natural gas company earns $775.64 million in net income (profit) each year or $2.25 on an earnings per share basis. Continental Resources employs 1,260 workers across the globe.

What is Continental Resources' official website?

The official website for Continental Resources is www.clr.com.

How can I contact Continental Resources?

Continental Resources' mailing address is 20 NORTH BROADWAY, OKLAHOMA CITY OK, 73102. The oil and natural gas company can be reached via phone at 405-234-9000 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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