Continental Resources, Inc. (NYSE:CLR) Director Mark E. Monroe sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $47.90, for a total value of $958,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Continental Resources, Inc. (NYSE:CLR) traded up $0.05 during trading hours on Friday, reaching $47.36. The company’s stock had a trading volume of 2,890,600 shares, compared to its average volume of 2,795,795. The stock has a market capitalization of $17,751.13, a PE ratio of 1,182.75 and a beta of 1.44. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.94 and a quick ratio of 0.85. Continental Resources, Inc. has a fifty-two week low of $29.08 and a fifty-two week high of $53.57.
Continental Resources (NYSE:CLR) last announced its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.05. The business had revenue of $726.74 million for the quarter, compared to analysts’ expectations of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The business’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same period last year, the firm posted ($0.22) earnings per share. equities analysts forecast that Continental Resources, Inc. will post 0.3 earnings per share for the current year.
Several analysts have issued reports on CLR shares. TheStreet raised Continental Resources from a “d+” rating to a “c” rating in a research note on Friday, November 17th. Royal Bank of Canada upped their target price on Continental Resources from $48.00 to $51.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Barclays upped their target price on Continental Resources from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded Continental Resources from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Wednesday, November 8th. Finally, Morgan Stanley upped their target price on Continental Resources from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. Continental Resources currently has a consensus rating of “Buy” and a consensus price target of $46.60.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC raised its stake in shares of Continental Resources by 16.5% in the second quarter. FMR LLC now owns 13,208,383 shares of the oil and natural gas company’s stock worth $427,027,000 after buying an additional 1,875,103 shares during the period. Vanguard Group Inc. raised its stake in shares of Continental Resources by 26.4% in the second quarter. Vanguard Group Inc. now owns 8,149,867 shares of the oil and natural gas company’s stock worth $263,485,000 after buying an additional 1,703,303 shares during the period. State Street Corp raised its stake in Continental Resources by 14.4% during the 2nd quarter. State Street Corp now owns 3,200,659 shares of the oil and natural gas company’s stock valued at $103,474,000 after purchasing an additional 403,667 shares during the period. Renaissance Technologies LLC raised its stake in Continental Resources by 474.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,892,600 shares of the oil and natural gas company’s stock valued at $93,518,000 after purchasing an additional 2,389,400 shares during the period. Finally, Balyasny Asset Management LLC raised its stake in Continental Resources by 208.2% during the 2nd quarter. Balyasny Asset Management LLC now owns 2,384,953 shares of the oil and natural gas company’s stock valued at $77,106,000 after purchasing an additional 1,611,003 shares during the period. 22.59% of the stock is currently owned by hedge funds and other institutional investors.
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About Continental Resources
Continental Resources, Inc is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units.
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