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NYSE:CLR

Continental Resources Stock Forecast, Price & News

$12.89
-0.27 (-2.05 %)
(As of 10/19/2020 12:00 AM ET)
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Today's Range
$12.88
Now: $12.89
$13.34
50-Day Range
$11.76
MA: $13.81
$17.60
52-Week Range
$6.90
Now: $12.89
$36.20
Volume2.67 million shs
Average Volume4.89 million shs
Market Capitalization$4.71 billion
P/E RatioN/A
Dividend YieldN/A
Beta3.48
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, 2019, its proved reserves were 1,619 million barrels of crude oil equivalent (MMBoe) with estimated proved developed reserves of 707 MMBoe. Continental Resources, Inc. was founded in 1967 and is based in Oklahoma City, Oklahoma.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.9Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.38 out of 5 stars

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
CUSIP21201510
Phone405-234-9000
Employees1,260

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.63 billion
Cash Flow$7.54 per share
Book Value$19.14 per share

Profitability

Net Income$775.64 million

Miscellaneous

Market Cap$4.71 billion
Next Earnings Date11/5/2020 (Confirmed)
OptionableOptionable
$12.89
-0.27 (-2.05 %)
(As of 10/19/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Continental Resources (NYSE:CLR) Frequently Asked Questions

How has Continental Resources' stock been impacted by COVID-19?

Continental Resources' stock was trading at $8.78 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CLR shares have increased by 46.8% and is now trading at $12.89.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Continental Resources?

25 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 3 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 Thursday, November 5th 2020.
View our earnings forecast for Continental Resources
.

How can I listen to Continental Resources' earnings call?

Continental Resources will be holding an earnings conference call on Thursday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Continental Resources' earnings last quarter?

Continental Resources, Inc. (NYSE:CLR) released its quarterly earnings data on Monday, August, 3rd. The oil and natural gas company reported ($0.71) earnings per share for the quarter, missing analysts' consensus estimates of ($0.63) by $0.08. The oil and natural gas company had revenue of $175.90 million for the quarter, compared to analyst estimates of $250.07 million. Continental Resources had a negative net margin of 2.17% and a positive return on equity of 1.75%. The firm's revenue was down 85.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 EPS.
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. 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 annualized dividend and a yield of 1.55%. 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?

Continental Resources's stock split before market open 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 Continental Resources stock prior to the split would have 200 shares after the split.

How will Continental Resources' stock buyback program work?

Continental Resources declared that its board has authorized a share repurchase program 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 repurchase up to 7.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

What price target have analysts set for CLR?

25 equities research analysts have issued twelve-month target prices for Continental Resources' shares. Their forecasts range from $5.50 to $39.00. On average, they anticipate Continental Resources' share price to reach $17.07 in the next year. This suggests a possible upside of 32.4% from the stock's current price.
View analysts' price targets for Continental Resources
.

Are investors shorting Continental Resources?

Continental Resources saw a increase in short interest in September. As of September 30th, there was short interest totaling 18,410,000 shares, an increase of 16.2% from the September 15th total of 15,850,000 shares. Based on an average trading volume of 3,030,000 shares, the days-to-cover ratio is presently 6.1 days. Approximately 29.2% of the shares of the stock are sold short.
View Continental Resources' Short Interest
.

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), Transocean (RIG), NIC (EGOV) 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, Founder & Exec. Chairman (Age 74, Pay $4.4M)
  • Mr. William B. Berry B.Sc., M.Sc., CEO & Director (Age 67, Pay $100.19k)
  • Mr. Jack H. Stark, Pres & COO (Age 65, Pay $1.88M)
  • Mr. John D. Hart, Sr. VP, CFO & Treasurer (Age 52, Pay $1.54M)
  • Mr. Eric S. Eissenstat, Sr. VP, Gen. Counsel, Chief Risk Officer & Sec. (Age 62, Pay $1.06M)

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 variety of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.06%), Avantax Advisory Services Inc. (0.02%), MorganRosel Wealth Management LLC (0.02%), State of Alaska Department of Revenue (0.00%) and Capstone Financial Group Inc. (0.00%). Company insiders that own Continental Resources stock include Eric Spencer Eissenstat, 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
.

Which major investors are selling Continental Resources stock?

CLR stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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
.

Which major investors are buying Continental Resources stock?

CLR stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Capstone Financial Group Inc., MorganRosel Wealth Management LLC, and Avantax Advisory Services 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
.

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 $12.89.

How big of a company is Continental Resources?

Continental Resources has a market capitalization of $4.71 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.

What is Continental Resources' official website?

The official website for Continental Resources is 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]

This page was last updated on 10/20/2020 by MarketBeat.com Staff

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