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 77.0% and is now trading at $15.54. 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 data 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 had revenue of $880.80 million for the quarter, compared to analysts' expectations of $843.57 million. Continental Resources had a return on equity of 8.60% and a net margin of 9.18%. The business's 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 EPS. View Continental Resources' earnings history.

Continental Resources declared a quarterly dividend on Monday, January 27th. Shareholders 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 1.29%. 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 closing bell 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 authorized a share buyback program on Monday, June 3rd 2019, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 7.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its shares are undervalued.

27 brokers have issued twelve-month price objectives for Continental Resources' stock. Their forecasts range from $3.00 to $52.00. On average, they expect Continental Resources' share price to reach $21.04 in the next year. This suggests a possible upside of 35.4% from the stock's current price. View analysts' price targets for Continental Resources.

Press coverage about CLR stock has trended negative this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media 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 -5 to 5, with scores closest to five being the most favorable. Continental Resources earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned media stories about the oil and natural gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Continental Resources.

Continental Resources saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 14,660,000 shares, a decline of 26.7% from the June 15th total of 19,990,000 shares. Based on an average daily volume of 6,240,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 19.7% of the shares of the company 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), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), EQT (EQT), WPX Energy (WPX), 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 $15.54.

Continental Resources has a market capitalization of $5.67 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]