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Continental Resources - CLR Stock Forecast, Price & News

$68.75
+1.12 (+1.66%)
(As of 08/11/2022 01:09 PM ET)
Add
Compare
Today's Range
$67.73
$69.08
50-Day Range
$62.96
$74.22
52-Week Range
$32.15
$75.49
Volume
28,717 shs
Average Volume
1.11 million shs
Market Capitalization
$24.96 billion
P/E Ratio
8.54
Dividend Yield
1.66%
Price Target
$69.29

Continental Resources MarketRank™ Forecast

Analyst Rating
Hold
2.06 Rating Score
Upside/​Downside
1.1% Upside
$69.29 Price Target
Short Interest
Healthy
2.44% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-9.17
Upright™ Environmental Score
News Sentiment
0.25mentions of Continental Resources in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-5.88%
From $11.91 to $11.21 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Oils/Energy Sector

141st out of 256 stocks

Crude Petroleum & Natural Gas Industry

55th out of 78 stocks

CLR stock logo

About Continental Resources (NYSE:CLR) Stock

Continental Resources, Inc. explores for, develops, produces, and manages crude oil, natural gas, and related products 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, 2021, its proved reserves were 1,645 million barrels of crude oil equivalent (MMBoe) with proved developed reserves of 908 MMBoe. The company was founded in 1967 and is headquartered in Oklahoma City, Oklahoma.

Continental Resources Price Performance

CLR Stock traded up $0.10 on Wednesday, hitting $67.63. 674,255 shares of the company's stock traded hands, compared to its average volume of 1,863,306. Continental Resources has a 1-year low of $32.15 and a 1-year high of $75.49. The stock has a market cap of $24.55 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 0.15 and a beta of 2.52. The stock has a fifty day moving average of $66.76 and a 200-day moving average of $61.68. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60.

Continental Resources (NYSE:CLR - Get Rating) last released its earnings results on Thursday, July 28th. The oil and natural gas company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.05 by $0.42. Continental Resources had a net margin of 37.73% and a return on equity of 40.32%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the business earned $0.91 earnings per share. The business's quarterly revenue was up 114.6% on a year-over-year basis. On average, analysts forecast that Continental Resources will post 11.91 EPS for the current fiscal year.

Continental Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Investors of record on Monday, August 8th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, August 5th. Continental Resources's dividend payout ratio is presently 13.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CLR shares. Royal Bank of Canada downgraded shares of Continental Resources from an "outperform" rating to a "sector perform" rating and boosted their price objective for the company from $75.00 to $80.00 in a research report on Wednesday, July 6th. Wells Fargo & Company cut shares of Continental Resources from an "overweight" rating to an "equal weight" rating and set a $82.00 target price for the company. in a research report on Wednesday, June 15th. Raymond James upped their target price on shares of Continental Resources from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, April 25th. Truist Financial upped their target price on shares of Continental Resources from $80.00 to $95.00 in a research report on Thursday, April 21st. Finally, Credit Suisse Group set a $78.00 target price on shares of Continental Resources in a research report on Monday, June 20th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $69.29.

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CLR Stock News Headlines

Oil & Gas Stocks That Will Likely Outperform Despite Falling Crude Prices (CLR)
Many oil stocks still have value, since many oil-related companies continue to produce increasing levels of cash flow on higher price realization.
Analyzing Continental Resources (NYSE:CLR) and Sasol (NYSE:SSL)
Continental Resources (NYSE:CLR) Price Target Cut to $85.00
Continental Resources Inc. Q2 Profit Increases, beats estimates
Continental Resources (CLR) to Release Earnings on Thursday
See More Headlines
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CLR Company Calendar

Ex-Dividend for 5/23 Dividend
5/06/2022
Dividend Payable
5/23/2022
Last Earnings
7/28/2022
Ex-Dividend for 8/22 Dividend
8/05/2022
Today
8/11/2022
Dividend Payable
8/22/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
21201510
Employees
1,254
Year Founded
1967

Price Target and Rating

Average Stock Price Forecast
$69.29
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$53.00
Forecasted Upside/Downside
+0.8%
Consensus Rating
Hold
Rating Score (0-4)
2.06
Research Coverage
17 Analysts

Profitability

Net Income
$1.66 billion
Pretax Margin
49.88%

Debt

Sales & Book Value

Annual Sales
$5.72 billion
Cash Flow
$10.01 per share
Book Value
$25.86 per share

Miscellaneous

Free Float
150,391,000
Market Cap
$24.96 billion
Optionable
Optionable
Beta
2.52

Social Links


Key Executives

  • Mr. Harold G. Hamm LLM (Age 76)
    Founder & Non Exec. Chairman
    Comp: $206.47k
  • Mr. William B. Berry B.Sc. (Age 69)
    M.Sc., Pres, CEO & Director
    Comp: $3.84M
  • Mr. John D. Hart (Age 54)
    Exec. VP of Strategic Planning & CFO
    Comp: $2.03M
  • Mr. James R. Webb (Age 54)
    Sr. VP, Gen. Counsel, Chief Risk Officer & Sec.
    Comp: $879.73k
  • Mr. Patrick W. Bent (Age 66)
    Sr. VP of Operations
    Comp: $1.44M
  • Mr. Robert Douglas Lawler (Age 55)
    Exec. VP & COO
  • Mr. Claude Seaman
    VP & Chief Accounting Officer
  • Ms. Diane Montgomery
    VP of Corp. Fin. & Treasury
  • Mr. Joe Davis
    VP & Chief Information Officer
  • Ms. Shelly M. Lambertz (Age 55)
    Exec. VP, Chief Culture & Admin. Officer and Director













CLR Stock - Frequently Asked Questions

Should I buy or sell Continental Resources stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Continental Resources in the last year. There are currently 3 sell ratings, 10 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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.
View CLR analyst ratings
or view top-rated stocks.

What is Continental Resources' stock price forecast for 2022?

17 Wall Street analysts have issued 12 month price targets for Continental Resources' shares. Their CLR share price forecasts range from $53.00 to $95.00. On average, they expect the company's stock price to reach $69.29 in the next year. This suggests a possible upside of 0.8% from the stock's current price.
View analysts price targets for CLR
or view top-rated stocks among Wall Street analysts.

How have CLR shares performed in 2022?

Continental Resources' stock was trading at $44.76 at the beginning of 2022. Since then, CLR stock has increased by 53.6% and is now trading at $68.75.
View the best growth stocks for 2022 here
.

Are investors shorting Continental Resources?

Continental Resources saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 3,360,000 shares, a decrease of 12.3% from the July 15th total of 3,830,000 shares. Based on an average trading volume of 1,750,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.4% of the shares of the company are short sold.
View Continental Resources' Short Interest
.

When is Continental Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CLR earnings forecast
.

How were Continental Resources' earnings last quarter?

Continental Resources, Inc. (NYSE:CLR) released its quarterly earnings results on Thursday, July, 28th. The oil and natural gas company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.42. The oil and natural gas company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.66 billion. Continental Resources had a net margin of 37.73% and a trailing twelve-month return on equity of 40.32%. The company's revenue was up 114.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share.

How often does Continental Resources pay dividends? What is the dividend yield for Continental Resources?

Continental Resources announced a quarterly dividend on Thursday, July 28th. Stockholders 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 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, August 5th.
Read our dividend analysis for CLR
.

Is Continental Resources a good dividend stock?

Continental Resources (NYSE:CLR) pays an annual dividend of $1.12 per share and currently has a dividend yield of 1.66%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CLR will have a dividend payout ratio of 9.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CLR.

When did Continental Resources' stock split?

Continental Resources shares split on Thursday, September 11th 2014. The 2-1 split was announced on Monday, August 18th 2014. The newly minted shares were payable 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.

What is Harold G. Hamm's approval rating as Continental Resources' CEO?

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.

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), Transocean (RIG), NIC (EGOV) and Och-Ziff Capital Management Group (OZM).

What is Continental Resources' stock symbol?

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

Who are Continental Resources' major shareholders?

Continental Resources' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.07%), Alpine Associates Management Inc. (0.07%), UBS Group AG (0.05%), Whittier Trust Co. (0.04%), Victory Capital Management Inc. (0.03%) and State Board of Administration of Florida Retirement System (0.03%). Insiders that own company stock include Ellis L Mccain, Ellis L Mccain, Eric Spencer Eissenstat, Harold Hamm, Jack H Stark, Jack H Stark, John D Hart, John D Hart, John T Mcnabb II, John T Mcnabb II, Pat Bent, Steven K Owen, Timothy Garth Taylor and William B Berry.
View institutional ownership trends
.

How do I buy shares of Continental Resources?

Shares of CLR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Continental Resources' stock price today?

One share of CLR stock can currently be purchased for approximately $68.75.

How much money does Continental Resources make?

Continental Resources (NYSE:CLR) has a market capitalization of $24.96 billion 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 $8.05 on an earnings per share basis.

How many employees does Continental Resources have?

The company employs 1,254 workers across the globe.

Does Continental Resources have any subsidiaries?

The following companies are subsidiares of Continental Resources: 20 Broadway Associates LLC, Banner Pipeline Company L.L.C., CLR Asset Holdings LLC, Flintlock Energy Inc., SFPG LLC, The Mineral Resources Company, The Mineral Resources Company II LLC, and Wall Industries.
Read More

When was Continental Resources founded?

Continental Resources was founded in 1967.

How can I contact Continental Resources?

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.

This page (NYSE:CLR) was last updated on 8/11/2022 by MarketBeat.com Staff

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