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NYSE:CLR - Continental Resources Stock Price, Forecast & News

$8.34
+0.87 (+11.65 %)
(As of 04/3/2020 05:45 AM ET)
Today's Range
$7.61
Now: $8.34
$9.97
50-Day Range
$7.05
MA: $15.96
$26.79
52-Week Range
$6.90
Now: $8.34
$52.03
Volume11.77 million shs
Average Volume9.92 million shs
Market Capitalization$3.10 billion
P/E Ratio3.99
Dividend Yield2.68%
Beta2.61
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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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$8.60 per share
Book Value$19.14 per share

Profitability

Net Income$775.64 million

Miscellaneous

Employees1,260
Market Cap$3.10 billion
Next Earnings Date5/4/2020 (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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CLR shares have decreased by 5.0% and is now trading at $8.34. View which stocks have been mosted 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 4 sell ratings, 14 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, May 4th 2020. View our earnings forecast for Continental Resources.

How were Continental Resources' earnings last quarter?

Continental Resources, Inc. (NYSE:CLR) announced its quarterly earnings data on Wednesday, February, 26th. The oil and natural gas company reported $0.55 EPS for the quarter, topping the Zacks' consensus estimate of $0.52 by $0.03. The oil and natural gas company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.13 billion. Continental Resources had a net margin of 16.75% and a return on equity of 12.20%. 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 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Thursday, February 6th. View Continental Resources' dividend history.

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

Shares of Continental Resources split 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.

How will Continental Resources' stock buyback program work?

Continental Resources announced that its Board of Directors has initiated a stock buyback plan on Monday, June 3rd 2019, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire 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.

What price target have analysts set for CLR?

27 equities research analysts have issued 12 month target prices for Continental Resources' shares. Their forecasts range from $3.00 to $52.00. On average, they anticipate Continental Resources' stock price to reach $26.11 in the next year. This suggests a possible upside of 213.1% from the stock's current price. View analysts' price targets for Continental Resources.

Has Continental Resources been receiving favorable news coverage?

Headlines about CLR stock have trended very negative on Friday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 -3.3 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 media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutContinental Resources.

Are investors shorting Continental Resources?

Continental Resources saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 17,091,100 shares, an increase of 198.8% from the February 27th total of 5,720,000 shares. Based on an average daily trading volume, of 3,800,000 shares, the short-interest ratio is presently 4.5 days. Approximately 21.1% of the shares of the company 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."

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 $8.34.

How big of a company is Continental Resources?

Continental Resources has a market capitalization of $3.10 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. 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:  2.7 out of 5 (star star)
Outperform Votes:  1,140 (Vote Outperform)
Underperform Votes:  953 (Vote Underperform)
Total Votes:  2,093
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 4/3/2020 by MarketBeat.com Staff

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