NYSE:CLRContinental Resources Stock Price, Forecast & News

Continental Resources' stock was trading at $8.78 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CLR stock has increased by 83.0% and is now trading at $16.07. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for Continental Resources.

Continental Resources is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Continental Resources.

Continental Resources, Inc. (NYSE:CLR) posted its quarterly earnings results on Monday, May, 11th. The oil and natural gas company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.05. The oil and natural gas company had revenue of $880.80 million for the quarter, compared to analyst estimates of $843.57 million. Continental Resources had a return on equity of 8.60% and a net margin of 9.18%. The company's quarterly revenue was down 21.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 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 1.24%. The ex-dividend date of this dividend is Thursday, February 6th. View Continental Resources' dividend history.

Continental Resources's stock split on the morning of Thursday, September 11th 2014. The 2-1 split was announced on Monday, August 18th 2014. The newly issued 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 of Directors has authorized a stock buyback program on Monday, June 3rd 2019, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 7.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

27 analysts have issued 1 year price targets for Continental Resources' shares. Their forecasts range from $3.00 to $52.00. On average, they expect Continental Resources' stock price to reach $21.04 in the next year. This suggests a possible upside of 30.9% from the stock's current price. View analysts' price targets for Continental Resources.

News coverage about CLR stock has been trending negative recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public 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 -2.1 on InfoTrie's scale. They also gave media headlines 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 impact on the stock's share price in the next several days. View the latest news about Continental Resources.

Continental Resources saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 14,660,000 shares, a decrease of 26.7% from the June 15th total of 19,990,000 shares. Based on an average daily volume of 6,240,000 shares, the short-interest ratio is currently 2.3 days. Approximately 19.7% of the shares of the stock are sold short. View Continental Resources' Current Options Chain.

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), Marathon Oil (MRO), Noble Energy (NBL), Devon Energy (DVN), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC), Range Resources (RRC) and Southwestern Energy (SWN). View all competitors.

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 a number of institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.05%). 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 bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management 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 $16.07.

Continental Resources has a market capitalization of $5.87 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]