Continental Resources (CLR) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Continental Resources in the last year. There are currently 2 sell ratings and 8 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CLR shares. 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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10 analysts have issued twelve-month price objectives for Continental Resources' shares. Their CLR share price forecasts range from $70.00 to $82.00. On average, they expect the company's share price to reach $74.18 in the next year.
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Continental Resources, Inc. (NYSE:CLR) issued its earnings results on Wednesday, November, 3rd. The oil and natural gas company reported $1.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.20. The oil and natural gas company earned $1.34 billion during the quarter, compared to analyst estimates of $1.40 billion. Continental Resources had a trailing twelve-month return on equity of 43.58% and a net margin of 40.29%. During the same quarter last year, the company posted ($0.16) earnings per share.

Continental Resources declared a quarterly dividend on Thursday, July 28th. Shareholders of record on Monday, August 8th will be given a dividend of $0.28 per share on Monday, August 22nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, August 5th.
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Schwab Fundamental U.S. Small Company Index ETF holds 138,503 shares of CLR stock, representing 0.17% of its portfolio.

Continental Resources (NYSE:CLR) pays an annual dividend of $1.12 per share and currently has a dividend yield of 1.51%. The dividend payout ratio is 11.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CLR will have a dividend payout ratio of 10.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CLR.

Continental Resources shares 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 distributed to shareholders after the closing bell on Wednesday, September 10th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

35 employees have rated Continental Resources Chief Executive Officer Harold G. Hamm on Glassdoor.com. Harold G. Hamm has an approval rating of 63% among the company's 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 (NYSE:CLR) has a market capitalization of $0.00 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 $9.84 on an earnings per share basis.

The company employs 1,254 workers across the globe.

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