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Continental Resources Stock Price, Forecast & Analysis (NYSE:CLR)

$29.38
-0.90 (-2.97 %)
(As of 11/19/2019 11:38 AM ET)
Today's Range
$29.06
Now: $29.38
$30.06
50-Day Range
$27.54
MA: $29.66
$32.79
52-Week Range
$27.26
Now: $29.38
$52.03
Volume60,278 shs
Average Volume2.50 million shs
Market Capitalization$10.91 billion
P/E Ratio10.35
Dividend Yield0.64%
Beta1.68
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. Read More…

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$4.71 billion
Cash Flow$7.27 per share
Book Value$17.08 per share

Profitability

Net Income$988.31 million

Miscellaneous

Employees1,221
Market Cap$10.91 billion
Next Earnings Date2/17/2020 (Estimated)
OptionableOptionable

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Continental Resources (NYSE:CLR) Frequently Asked Questions

What is Continental Resources' stock symbol?

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

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

Continental Resources announced a quarterly dividend on Monday, June 3rd. Investors of record on Thursday, November 7th will be given a dividend of $0.05 per share on Thursday, November 21st. This represents a $0.20 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, November 6th. View Continental Resources' Dividend History.

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

Continental Resources's stock 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 issued 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.

How will Continental Resources' stock buyback program work?

Continental Resources declared that its board has authorized a share repurchase plan on Monday, June 3rd 2019, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

How were Continental Resources' earnings last quarter?

Continental Resources, Inc. (NYSE:CLR) released its earnings results on Wednesday, October, 30th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.44 by $0.10. The oil and natural gas company earned $1.10 billion during the quarter, compared to analysts' expectations of $1.08 billion. Continental Resources had a return on equity of 12.49% and a net margin of 17.00%. The company's revenue for the quarter was down 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 earnings per share. View Continental Resources' Earnings History.

When is Continental Resources' next earnings date?

Continental Resources is scheduled to release their next quarterly earnings announcement on Monday, February 17th 2020. View Earnings Estimates for Continental Resources.

What price target have analysts set for CLR?

28 analysts have issued 12-month price objectives for Continental Resources' shares. Their forecasts range from $7.00 to $88.00. On average, they anticipate Continental Resources' stock price to reach $48.95 in the next twelve months. This suggests a possible upside of 67.5% from the stock's current price. View Analyst Price Targets for Continental Resources.

What is the consensus analysts' recommendation for Continental Resources?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Continental Resources in the last year. There are currently 8 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Continental Resources.

Has Continental Resources been receiving favorable news coverage?

News articles about CLR stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Continental Resources earned a media sentiment score of 1.1 on InfoTrie's scale. They also assigned media stories about the oil and natural gas company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Continental Resources.

Are investors shorting Continental Resources?

Continental Resources saw a increase in short interest during the month of October. As of October 15th, there was short interest totalling 4,940,000 shares, an increase of 8.6% from the September 15th total of 4,550,000 shares. Based on an average daily volume of 3,210,000 shares, the short-interest ratio is currently 1.5 days. Currently, 5.9% of the company's stock are sold short. 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), Och-Ziff Capital Management Group (OZM) and Transocean (RIG).

Who are Continental Resources' key executives?

Continental Resources' management team includes the folowing 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)

Who are Continental Resources' major shareholders?

Continental Resources' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Caymus Capital Partners L.P. (0.11%), Vaughan Nelson Investment Management L.P. (0.11%), Gateway Investment Advisers LLC (0.10%), Sumitomo Mitsui Trust Holdings Inc. (0.10%), First Trust Advisors LP (0.07%) and Teacher Retirement System of Texas (0.05%). Company insiders that own Continental Resources stock include Ellis L Mccain, Eric Spencer Eissenstat, Gary E Gould, Harold Hamm, Jack H Stark, John D Hart, John T Mcnabb II, Mark E Monroe and Steven K Owen. 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 Gateway Investment Advisers LLC, Russell Investments Group Ltd., Nisa Investment Advisors LLC, Essex Investment Management Co. LLC, Robeco Institutional Asset Management B.V., Vaughan Nelson Investment Management L.P., Miller Howard Investments Inc. NY and Commonwealth Equity Services LLC. View Insider Buying and Selling for Continental Resources.

Which major investors are buying Continental Resources stock?

CLR stock was purchased by a variety of institutional investors in the last quarter, including Adams Natural Resources Fund Inc., State of New Jersey Common Pension Fund D, Caymus Capital Partners L.P., First Trust Advisors LP, Three Peaks Capital Management LLC, Teacher Retirement System of Texas, United Asset Strategies Inc. and Denali Advisors LLC. Company insiders that have bought Continental Resources stock in the last two years include Harold Hamm and John T Mcnabb II. View Insider Buying and Selling 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 $29.23.

How big of a company is Continental Resources?

Continental Resources has a market capitalization of $10.86 billion and generates $4.71 billion in revenue each year. The oil and natural gas company earns $988.31 million in net income (profit) each year or $2.84 on an earnings per share basis. Continental Resources employs 1,221 workers across the globe.View Additional Information About Continental Resources.

What is Continental Resources' official website?

The official website for Continental Resources is http://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]


MarketBeat Community Rating for Continental Resources (NYSE CLR)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  1,057 (Vote Outperform)
Underperform Votes:  858 (Vote Underperform)
Total Votes:  1,915
MarketBeat's community ratings are surveys of what our community members think about Continental Resources and other stocks. Vote "Outperform" if you believe CLR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CLR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/19/2019 by MarketBeat.com Staff

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