Continental Resources, Inc. (NYSE:CLR) CFO John D. Hart Sells 15,000 Shares

Continental Resources, Inc. (NYSE:CLR) CFO John D. Hart sold 15,000 shares of Continental Resources stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $53.13, for a total transaction of $796,950.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

John D. Hart also recently made the following trade(s):

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  • On Thursday, December 21st, John D. Hart sold 6,000 shares of Continental Resources stock. The stock was sold at an average price of $51.23, for a total transaction of $307,380.00.

Continental Resources stock opened at $60.99 on Wednesday. The stock has a market cap of $22,115.22, a PE ratio of 113.35 and a beta of 1.27. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.87. Continental Resources, Inc. has a one year low of $29.08 and a one year high of $62.02.

Continental Resources (NYSE:CLR) last issued its quarterly earnings results on Wednesday, February 21st. The oil and natural gas company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.09. Continental Resources had a net margin of 25.30% and a return on equity of 4.25%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $978.63 million. During the same period in the prior year, the company earned ($0.07) EPS. Continental Resources’s revenue was up 90.5% on a year-over-year basis. equities research analysts predict that Continental Resources, Inc. will post 2.4 EPS for the current year.

CLR has been the subject of a number of recent research reports. SunTrust Banks set a $75.00 price target on shares of Continental Resources and gave the stock a “buy” rating in a report on Friday, March 16th. Royal Bank of Canada reiterated a “buy” rating and set a $52.00 price target on shares of Continental Resources in a report on Wednesday, December 20th. KLR Group upgraded shares of Continental Resources from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Friday, February 23rd. ValuEngine upgraded shares of Continental Resources from a “sell” rating to a “hold” rating in a report on Thursday, March 22nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $69.00 target price (down from $71.00) on shares of Continental Resources in a report on Friday, February 16th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $56.94.

A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its stake in Continental Resources by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 13,385 shares of the oil and natural gas company’s stock valued at $433,000 after buying an additional 920 shares in the last quarter. Amalgamated Bank lifted its stake in Continental Resources by 12.8% during the fourth quarter. Amalgamated Bank now owns 9,189 shares of the oil and natural gas company’s stock valued at $487,000 after buying an additional 1,041 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Continental Resources by 15.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 9,089 shares of the oil and natural gas company’s stock valued at $351,000 after buying an additional 1,216 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Continental Resources by 35.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock worth $187,000 after purchasing an additional 1,261 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Continental Resources by 6.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,924 shares of the oil and natural gas company’s stock worth $885,000 after purchasing an additional 1,383 shares in the last quarter. 22.43% of the stock is owned by institutional investors.

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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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