NYSE:CLRContinental Resources Stock Price, Forecast & News

Continental Resources' stock was trading at $8.78 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CLR shares have increased by 39.3% and is now trading at $12.23. 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, 12 hold ratings and 9 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) released its earnings results on Monday, May, 11th. The oil and natural gas company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.03) by $0.05. The oil and natural gas company earned $880.80 million during the quarter, compared to the consensus estimate of $843.57 million. Continental Resources had a net margin of 9.18% and a return on equity of 8.60%. The firm's quarterly revenue was down 21.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share. View Continental Resources' earnings history.

Continental Resources announced a quarterly dividend on Monday, January 27th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.05 per share on Friday, February 21st. This represents a $0.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, February 6th. View Continental Resources' dividend history.

Shares of Continental Resources split before market open 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 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 declared that its Board of Directors has approved a stock buyback program on Monday, June 3rd 2019, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 7.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

27 equities research analysts have issued 12-month target prices for Continental Resources' shares. Their forecasts range from $3.00 to $52.00. On average, they expect Continental Resources' share price to reach $19.87 in the next year. This suggests a possible upside of 62.5% from the stock's current price. View analysts' price targets for Continental Resources.

Press coverage about CLR stock has trended extremely negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Continental Resources earned a coverage optimism score of -4.6 on InfoTrie's scale. They also assigned news headlines about the oil and natural gas company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutContinental Resources.

Continental Resources saw a increase in short interest in May. As of May 15th, there was short interest totaling 21,660,000 shares, an increase of 14.3% from the April 30th total of 18,950,000 shares. Based on an average daily volume of 7,320,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 29.1% of the company's 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), Marathon Oil (MRO), Apache (APA), Devon Energy (DVN), Noble Energy (NBL), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC), Southwestern Energy (SWN) and Range Resources (RRC). 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (1.82%), State Street Corp (1.38%), Two Sigma Advisers LP (0.68%), Geode Capital Management LLC (0.25%), Parametric Portfolio Associates LLC (0.23%) and Bank of New York Mellon Corp (0.19%). 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 Nuveen Asset Management LLC, Gateway Investment Advisers LLC, Waddell & Reed Financial Inc., Deutsche Bank AG, Victory Capital Management Inc., Victory Capital Management Inc., New York State Common Retirement Fund, and Alliancebernstein L.P.. 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 BlackRock Inc., Two Sigma Advisers LP, State Street Corp, Caymus Capital Partners L.P., Parametric Portfolio Associates LLC, JPMorgan Chase & Co., Aperio Group LLC, and Banque Pictet & Cie SA. 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 $12.23.

Continental Resources has a market capitalization of $4.47 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]