NYSE:CLRContinental Resources Stock Price, Forecast & News

Continental Resources' stock was trading at $8.78 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CLR shares have increased by 108.4% and is now trading at $18.30. 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, 15 hold ratings and 6 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) posted its quarterly earnings results on Monday, May, 11th. The oil and natural gas company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.05. The oil and natural gas company had revenue of $880.80 million for the quarter, compared to analyst estimates of $843.57 million. Continental Resources had a return on equity of 8.60% and a net margin of 9.18%. The firm's revenue was down 21.7% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. View Continental Resources' earnings history.

Continental Resources announced 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 1.09%. The ex-dividend date is Thursday, February 6th. View Continental Resources' dividend history.

Shares of Continental Resources 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 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 announced that its board has approved a share repurchase plan on Monday, June 3rd 2019, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

27 brokerages have issued 1-year price objectives for Continental Resources' shares. Their forecasts range from $3.00 to $52.00. On average, they anticipate Continental Resources' share price to reach $21.04 in the next year. This suggests a possible upside of 15.0% from the stock's current price. View analysts' price targets for Continental Resources.

News stories about CLR stock have been trending somewhat negative this week, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Continental Resources earned a daily sentiment score of -1.8 on InfoTrie's scale. They also assigned press coverage about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about Continental Resources.

Continental Resources saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 19,990,000 shares, a drop of 11.9% from the May 31st total of 22,680,000 shares. Based on an average daily volume of 7,460,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 26.9% of the shares of the stock are short sold. 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), Apache (APA), Marathon Oil (MRO), Noble Energy (NBL), Devon Energy (DVN), WPX Energy (WPX), EQT (EQT), Cimarex Energy (XEC), Range Resources (RRC) and Southwestern Energy (SWN). 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."

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 $18.30.

Continental Resources has a market capitalization of $6.68 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]