Continental Resources, Inc. (CLR) CFO John D. Hart Sells 6,000 Shares

Continental Resources, Inc. (NYSE:CLR) CFO John D. Hart sold 6,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $51.23, for a total transaction of $307,380.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Continental Resources, Inc. (NYSE:CLR) opened at $57.66 on Friday. The firm has a market cap of $21,634.55, a PE ratio of 1,441.50 and a beta of 1.44. Continental Resources, Inc. has a 52-week low of $29.08 and a 52-week high of $58.89. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.85 and a current ratio of 0.94.

Continental Resources (NYSE:CLR) last posted its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The firm had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. Continental Resources’s quarterly revenue was up 38.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.22) earnings per share. analysts anticipate that Continental Resources, Inc. will post 0.34 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of CLR. Renaissance Technologies LLC boosted its position in Continental Resources by 474.8% during the second quarter. Renaissance Technologies LLC now owns 2,892,600 shares of the oil and natural gas company’s stock worth $93,518,000 after acquiring an additional 2,389,400 shares during the last quarter. FMR LLC raised its stake in Continental Resources by 16.5% during 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 purchasing an additional 1,875,103 shares during the period. Vanguard Group Inc. raised its stake in Continental Resources by 26.4% during 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 purchasing an additional 1,703,303 shares during the period. Balyasny Asset Management LLC raised its stake in Continental Resources by 208.2% during the second quarter. Balyasny Asset Management LLC now owns 2,384,953 shares of the oil and natural gas company’s stock worth $77,106,000 after purchasing an additional 1,611,003 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new position in Continental Resources during the third quarter worth about $52,973,000. Hedge funds and other institutional investors own 22.53% of the company’s stock.

Several analysts recently commented on the stock. Barclays restated an “overweight” rating and set a $58.00 price target (up previously from $53.00) on shares of Continental Resources in a research report on Thursday. Credit Suisse Group started coverage on shares of Continental Resources in a research report on Monday, December 11th. They issued an “outperform” rating and a $57.00 target price on the stock. Zacks Investment Research lowered shares of Continental Resources from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Macquarie upgraded shares of Continental Resources from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $53.57 to $55.00 in a research report on Thursday, December 14th. Finally, KeyCorp reiterated a “hold” rating on shares of Continental Resources in a research report on Monday, November 13th. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $49.15.

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Continental Resources Company Profile

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.

Insider Buying and Selling by Quarter for Continental Resources (NYSE:CLR)

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