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Continental Resources - CLR Stock Forecast, Price & News

$69.70
+1.44 (+2.11%)
(As of 08/18/2022 11:50 AM ET)
Add
Compare
Today's Range
$68.85
$70.20
50-Day Range
$62.96
$74.22
52-Week Range
$32.15
$75.49
Volume
75,995 shs
Average Volume
969,753 shs
Market Capitalization
$25.30 billion
P/E Ratio
8.66
Dividend Yield
1.66%
Price Target
$69.29

Continental Resources MarketRank™ Forecast

Analyst Rating
Hold
2.06 Rating Score
Upside/​Downside
1.5% 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
0.79mentions 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.

2.35 out of 5 stars

Oils/Energy Sector

124th out of 257 stocks

Crude Petroleum & Natural Gas Industry

54th out of 83 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 Stock Performance

NYSE:CLR traded up $0.66 during mid-day trading on Wednesday, hitting $68.26. The stock had a trading volume of 629,327 shares, compared to its average volume of 1,830,600. The stock has a market capitalization of $24.78 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 0.15 and a beta of 2.52. The company has a 50 day simple moving average of $66.58 and a 200-day simple moving average of $62.23. Continental Resources has a 52 week low of $32.15 and a 52 week high of $75.49. 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. The firm had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.66 billion. Continental Resources had a net margin of 37.73% and a return on equity of 40.32%. Continental Resources's quarterly revenue was up 114.6% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. On average, research analysts expect that Continental Resources will post 11.91 earnings per share for the current fiscal year.

Continental Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Monday, August 8th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, August 5th. This represents a $1.12 annualized dividend and a yield of 1.64%. Continental Resources's payout ratio is 13.91%.

Analyst Upgrades and Downgrades

CLR has been the topic of a number of research analyst reports. Stifel Nicolaus downgraded shares of Continental Resources from a "buy" rating to a "hold" rating and reduced their price objective for the company from $107.00 to $70.00 in a research note on Tuesday, June 14th. Royal Bank of Canada downgraded shares of Continental Resources from an "outperform" rating to a "sector perform" rating and increased their price objective for the company from $75.00 to $80.00 in a research note on Wednesday, July 6th. Susquehanna Bancshares increased their price objective on shares of Continental Resources from $61.00 to $66.00 in a research note on Monday, April 25th. Morgan Stanley reduced their price objective on shares of Continental Resources from $69.00 to $67.00 and set an "underweight" rating on the stock in a research note on Tuesday, July 19th. Finally, Scotiabank downgraded shares of Continental Resources from a "sector outperform" rating to a "sector perform" rating in a research note on Monday, August 1st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus 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.
Continental Resources Promotes Doug Lawler To President And COO
Continental Resources (NYSE: CLR)
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
8/18/2022
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
-0.6%
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
$10.13 per share
Book Value
$25.86 per share

Miscellaneous

Free Float
150,391,000
Market Cap
$25.30 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 twelve months. 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 analysts have issued 12 month price targets for Continental Resources' stock. Their CLR share price forecasts range from $53.00 to $95.00. On average, they anticipate the company's share price to reach $69.29 in the next year. This suggests a possible upside of 1.5% 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 on January 1st, 2022. Since then, CLR stock has increased by 52.5% and is now trading at $68.26.
View the best growth stocks for 2022 here
.

Are investors shorting Continental Resources?

Continental Resources saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 3,360,000 shares, a decline of 12.3% from the July 15th total of 3,830,000 shares. Based on an average daily volume of 1,750,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.4% of the company's stock 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) announced its quarterly earnings results on Thursday, July, 28th. The oil and natural gas company reported $3.47 earnings per share (EPS) for the quarter, topping 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 trailing twelve-month return on equity of 40.32% and a net margin of 37.73%. Continental Resources's revenue was up 114.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS.

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. Investors of record on Monday, August 8th will be paid a dividend of $0.28 per share on Monday, August 22nd. This represents a $1.12 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend 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 the morning of Thursday, September 11th 2014. The 2-1 split was announced on Monday, August 18th 2014. The newly issued 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 variety of institutional and retail investors. Top institutional investors include FMR LLC (0.78%), State Street Corp (0.63%), Northern Trust Corp (0.36%), Laurion Capital Management LP (0.18%), Massachusetts Financial Services Co. MA (0.17%) and Encompass Capital Advisors LLC (0.14%). 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 $68.26.

How much money does Continental Resources make?

Continental Resources (NYSE:CLR) has a market capitalization of $24.78 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 8/18/2022 by MarketBeat.com Staff

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