NYSE:CLRContinental Resources Stock Price, Forecast & News

Continental Resources' stock was trading at $8.78 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CLR shares have increased by 96.9% and is now trading at $17.29.
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27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Continental Resources in the last year. There are currently 6 sell ratings, 15 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Continental Resources is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020.
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Continental Resources, Inc. (NYSE:CLR) released its earnings results on Monday, May, 11th. The oil and natural gas company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.03) by $0.05. The oil and natural gas company earned $880.80 million during the quarter, compared to analyst estimates of $843.57 million. Continental Resources had a net margin of 9.18% and a return on equity of 8.60%. The company's revenue for the quarter was down 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.58 earnings per share.
View Continental Resources' earnings history.

Continental Resources announced a quarterly dividend on Monday, January 27th. Investors of record on Friday, February 7th will be paid a dividend of $0.05 per share on Friday, February 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, February 6th.
View Continental Resources' dividend history.

Shares of Continental Resources 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 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.

Continental Resources announced that its board has approved a share buyback program on Monday, June 3rd 2019, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 7.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

27 brokerages have issued 12-month price objectives for Continental Resources' shares. Their forecasts range from $3.00 to $52.00. On average, they anticipate Continental Resources' stock price to reach $21.21 in the next twelve months. This suggests a possible upside of 22.7% from the stock's current price.
View analysts' price targets for Continental Resources.

Press coverage about CLR stock has trended negative on Monday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Continental Resources earned a news impact score of -2.2 on InfoTrie's scale. They also gave media stories about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future.
View the latest news about Continental Resources.

Continental Resources saw a increase in short interest in July. As of July 15th, there was short interest totaling 21,420,000 shares, an increase of 40.6% from the June 30th total of 15,230,000 shares. Based on an average daily volume of 5,200,000 shares, the days-to-cover ratio is currently 4.1 days. Currently, 33.6% of the shares of the stock are short sold.
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Some companies that are related to Continental Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Apache (APA), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC), Range Resources (RRC) and PDC Energy (PDCE).
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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).

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

Continental Resources' stock is owned by many different retail and institutional investors. Top institutional shareholders include First Trust Advisors LP (0.94%), Creative Planning (0.10%), UBS Group AG (0.08%), Nisa Investment Advisors LLC (0.05%), Envestnet Asset Management Inc. (0.05%) and Kessler Investment Group LLC (0.04%). 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.

CLR stock was sold by a variety of institutional investors in the last quarter, including Denali Advisors LLC, Zurcher Kantonalbank Zurich Cantonalbank , Gateway Investment Advisers LLC, Whittier Trust Co. of Nevada Inc., Whittier Trust Co., and Nisa Investment Advisors 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.

CLR stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Creative Planning, Kessler Investment Group LLC, Envestnet Asset Management Inc., UBS Group AG, SG Americas Securities LLC, NuWave Investment Management LLC, and Cambridge Investment Research Advisors 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.

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.

One share of CLR stock can currently be purchased for approximately $17.29.

Continental Resources has a market capitalization of $6.31 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.

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

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]