Continental Resources Stock Forecast, Price & News

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 69.2% and is now trading at $14.86.
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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.

Continental Resources is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Continental Resources.

Continental Resources, Inc. (NYSE:CLR) released its earnings results on Monday, August, 3rd. The oil and natural gas company reported ($0.71) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.63) by $0.08. The oil and natural gas company earned $175.90 million during the quarter, compared to analyst estimates of $250.07 million. Continental Resources had a positive return on equity of 1.75% and a negative net margin of 2.17%. The business's quarterly revenue was down 85.4% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share.
View Continental Resources' earnings history.

Continental Resources announced 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 dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, February 6th.
View Continental Resources' dividend history.

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 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.

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

26 brokers have issued 1 year price objectives for Continental Resources' shares. Their forecasts range from $5.50 to $40.00. On average, they anticipate Continental Resources' stock price to reach $18.11 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price.
View analysts' price targets for Continental Resources.

Continental Resources saw a drop in short interest during the month of August. As of August 14th, there was short interest totaling 17,740,000 shares, a drop 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 short-interest ratio is currently 3.7 days. Approximately 27.8% of the company's shares are short sold.
View Continental Resources' Short Interest.

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), EQT (EQT), Marathon Oil (MRO), Devon Energy (DVN), WPX Energy (WPX), Cimarex Energy (XEC), Range Resources (RRC) and Whiting Petroleum (WLL).
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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), 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' stock is owned by many different institutional and retail investors. Top institutional shareholders 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.

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.

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.

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 $14.86.

Continental Resources has a market capitalization of $5.43 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]