Continental Resources - CLR Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Continental Resources in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 3 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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14 brokers have issued twelve-month price targets for Continental Resources' stock. Their CLR share price forecasts range from $61.00 to $95.00. On average, they predict the company's stock price to reach $72.82 in the next year.
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Continental Resources saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 4,460,000 shares, an increase of 18.3% from the October 15th total of 3,770,000 shares. Based on an average daily trading volume, of 2,670,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 3.3% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
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Continental Resources, Inc. (NYSE:CLR) posted its earnings results on Wednesday, November, 2nd. The oil and natural gas company reported $2.88 earnings per share for the quarter, missing the consensus estimate of $2.98 by $0.10. The oil and natural gas company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.44 billion. Continental Resources had a trailing twelve-month return on equity of 43.58% and a net margin of 40.29%. The company's quarterly revenue was up 82.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 EPS.

Continental Resources declared a quarterly dividend on Thursday, July 28th. Stockholders 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 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Friday, August 5th.
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Continental Resources (NYSE:CLR) pays an annual dividend of $1.12 per share and currently has a dividend yield of 1.51%. 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 11.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CLR will have a dividend payout ratio of 10.14% 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 before market open on Thursday, September 11th 2014. The 2-1 split was announced on Monday, August 18th 2014. The newly issued 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 Vanguard Group Inc. (1.52%), BlackRock Inc. (0.54%), State Street Corp (0.53%), Pentwater Capital Management LP (0.46%), First Trust Advisors LP (0.36%) and Dimensional Fund Advisors LP (0.36%). 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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Continental Resources (NYSE:CLR) has a market capitalization of $0.00 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 $9.84 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.