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NYSE:CLR

Continental Resources Stock Forecast, Price & News

$14.85
+0.24 (+1.64 %)
(As of 09/18/2020 03:46 PM ET)
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Compare
Today's Range
$14.38
Now: $14.85
$14.95
50-Day Range
$13.01
MA: $16.68
$18.67
52-Week Range
$6.90
Now: $14.85
$36.20
Volume101,725 shs
Average Volume5.10 million shs
Market Capitalization$5.42 billion
P/E RatioN/A
Dividend YieldN/A
Beta3.41
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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Continental Resources logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.18 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.63 billion
Cash Flow$8.63 per share
Book Value$19.14 per share

Profitability

Net Income$775.64 million

Miscellaneous

Employees1,260
Market Cap$5.42 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$14.85
+0.24 (+1.64 %)
(As of 09/18/2020 03:46 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Continental Resources (NYSE:CLR) Frequently Asked Questions

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

Continental Resources' stock was trading at $8.78 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CLR stock has increased by 69.8% and is now trading at $14.91.
View which stocks have been most impacted by COVID-19
.

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

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Continental Resources in the last year. There are currently 6 sell ratings, 16 hold ratings and 4 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 Wednesday, November 4th 2020.
View our earnings forecast for Continental Resources
.

How were Continental Resources' earnings last quarter?

Continental Resources, Inc. (NYSE:CLR) posted its quarterly earnings results on Monday, August, 3rd. The oil and natural gas company reported ($0.71) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.63) by $0.08. The oil and natural gas company had revenue of $175.90 million for the quarter, compared to the consensus estimate of $250.07 million. Continental Resources had a negative net margin of 2.17% and a positive return on equity of 1.75%. The firm's revenue was down 85.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 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. Shareholders 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 annualized dividend and a dividend yield of 1.34%. 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 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 Continental Resources stock prior to the split would have 200 shares after the split.

How will Continental Resources' stock buyback program work?

Continental Resources declared that its Board of Directors has authorized a share buyback plan on Monday, June 3rd 2019, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 7.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

What price target have analysts set for CLR?

26 Wall Street analysts have issued 1 year price targets for Continental Resources' stock. Their forecasts range from $5.50 to $40.00. On average, they expect Continental Resources' share price to reach $18.11 in the next year. This suggests a possible upside of 21.5% from the stock's current price.
View analysts' price targets for Continental Resources
.

Are investors shorting Continental Resources?

Continental Resources saw a decline in short interest in August. As of August 14th, there was short interest totaling 17,740,000 shares, a decline of 17.2% from the July 30th total of 21,420,000 shares. Based on an average trading volume of 4,820,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 27.8% of the shares of the company are short sold.
View Continental Resources' Short Interest
.

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), Transocean (RIG), NIC (EGOV) 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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (2.00%), First Trust Advisors LP (0.94%), Two Sigma Advisers LP (0.60%), Bank of America Corp DE (0.38%), Goldman Sachs Group Inc. (0.28%) and Federated Hermes Inc. (0.26%). 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 institutional investors are selling Continental Resources stock?

CLR stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Goldman Sachs Group Inc., FMR LLC, FMR LLC, Bank of New York Mellon Corp, State of Wisconsin Investment Board, Two Sigma Advisers LP, and Cubist Systematic Strategies LLC. 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 institutional investors are buying Continental Resources stock?

CLR stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Federated Hermes Inc., Point72 Asset Management L.P., Creative Planning, Balyasny Asset Management LLC, Bank of America Corp DE, Kessler Investment Group LLC, and Prudential Financial Inc.. 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 $14.91.

How big of a company is Continental Resources?

Continental Resources has a market capitalization of $5.44 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 9/18/2020 by MarketBeat.com Staff

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