Continental Resources - CLR Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Continental Resources in the last twelve months. There are currently 3 sell ratings, 10 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
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17 Wall Street analysts have issued 1-year target prices 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 $69.14 in the next twelve months. This suggests a possible upside of 8.0% from the stock's current price.
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Continental Resources' stock was trading at $44.76 at the beginning of the year. Since then, CLR shares have increased by 43.1% and is now trading at $64.05.
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Continental Resources saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,760,000 shares, a drop of 13.8% from the August 15th total of 3,200,000 shares. Based on an average trading volume of 1,600,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.0% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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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 analysts' consensus estimates of $3.17 by $0.30. 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 trailing twelve-month return on equity of 40.32% and a net margin of 37.73%. The company's revenue for the quarter was up 114.6% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS.

Continental Resources announced a quarterly dividend on Thursday, July 28th. Shareholders 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 1.75%. The ex-dividend date is Friday, August 5th.
Read our dividend analysis for CLR.

Continental Resources (NYSE:CLR) pays an annual dividend of $1.12 per share and currently has a dividend yield of 1.65%. 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 9.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CLR.

Continental Resources's stock split on Thursday, September 11th 2014. The 2-1 split was announced on Monday, August 18th 2014. The newly minted shares were issued to shareholders after the market closes on Wednesday, September 10th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

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.

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 a number of institutional and retail investors. Top institutional shareholders include FMR LLC (0.78%), State Street Corp (0.63%), Northern Trust Corp (0.36%), Goldman Sachs Group Inc. (0.34%), Laurion Capital Management LP (0.18%) and Massachusetts Financial Services Co. MA (0.17%). 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.
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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.
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One share of CLR stock can currently be purchased for approximately $64.05.

Continental Resources (NYSE:CLR) has a market capitalization of $23.25 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.

The company employs 1,254 workers across the globe.

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.