Continental Resources Inc. (NYSE:CLR) finished Wednesday with a subtraction of -$1.38 to close at $52.34, a downside of -2.57 percent. An average of 1,657,880 shares of common stock have been traded in the last five days. There was a gain of $2.85 in the past week. The last 20 days have seen an average of 1,808,260 shares traded, while the 50-day average volume stands at 1,693,126.
CLR stock has increased by 32.67% in the last month. The company shares reached their 1-month lowest point of $39.09 on 09/14/21. With the stock rallying to its 52-week high on 10/11/21, shares of the company touched a low of $11.61 and a high of $55.48 in 52 weeks. In spite of this, the price is down -5.66% from the 52-week high.
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153 days have passed since Continental Resources Inc. (CLR) last reported insider trading activity. MCCAIN ELLIS L, who is Director, most recently acquired $27,238 shares at $30.68 per share on May 14. In this transaction, the insider spent $835,662. SVP, Operations, Bent Pat, disposed of 7,313 shares at a price of $29.63 on May 13. The insider now owns more than $216,657 worth of shares. Prior to that, Sr. VP, CFO & CSO Hart John D went on to Sale 7,500 shares at $26.63 each on Mar 24. An amount of $199,756 was transacted.
Continental Resources Inc. (CLR) has a trailing price-to-earnings (P/E) ratio of 50.67, which compares with the 18.90 for the broader industry and 19.70 for the sector. In the last five years, Continental Resources Inc.’s PE ratio has ranged between 52.30 and 3.373. The stock’s beta is 3.22. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.64, the price-to-book (PB) ratio at 2.87, and the price-to-cash flow ratio at 7.65.
Continental Resources Inc. pays a $0.60 dividend per share annually. It offers a dividend yield of 1.15%. The company has a payout ratio of 14.40%. The company’s most recent quarterly dividend payment took place on Aug. 20, and it was $0.15 a share, representing a up of 26.67 from $0.11 last year. Its dividend has been increased for the last 2 consecutive years with the latest increase dividend $0.04 reported on Friday July 30 2021.
Continental Resources Inc. will next go ex-dividend on 12-Nov. The next dividend payment Continental Resources Inc. will make is expected to be $0.15.
The quick ratio of Continental Resources Inc. for the three months ended June 29 was 1.00, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.72 and a total debt to equity ratio of 0.72 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 92.30% against a 5-year average of 18.3%. Continental Resources Inc.’s EBITDA margin for the year ending June 29 is 61.58%, while its operating margin for the same period stands at 19.00%. Its gross profit as reported stood at -$553.89 million compared to revenue of $2.59 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Continental Resources Inc.’s return on assets was 2.60%, compared to 2.1% over the last five years. In the past year, the return on investment has been -3.00%, and the 5-year average is 4.4%. Meanwhile, the return on equity (ROE) for the past 12 months has been 6.00% and the 5-year average holds at 5.6%. For the broader industry, ROE averaged 12.45 over the past year.
The analyst consensus anticipated Continental Resources Inc.’s latest quarter earnings to come in at $0.55 per share, but it turned out to be $0.91, a 65.50% surprise. For the quarter, EBITDA amounted to $917.18 million. Shareholders own equity worth $367.55 million.
From a technical analysis perspective, let’s take a brief look at Continental Resources Inc. (CLR) price momentum. RSI 9-day as of the close on 13 October was 70.20%, suggesting the stock is Overbought, with historical volatility in this time frame at 38.57%.
As of today, CLR’s price is $52.94 +5.76% or $2.85 from its 5-day moving average. CLR is currently trading +22.69% higher than its 20-day SMA and +71.16% higher than its 100-day SMA. However, the stock’s current price level is +50.75% above the SMA50 and +221.89% above the SMA200.
The stochastic %K and %D were 82.85% and 89.35%, respectively, and the average true range (ATR) was 2.14. With the 14-day stochastic at 73.94% and the average true range at 2.04, the RSI (14) stands at 71.13%. The stock has reached 1.99 on the 9-day MACD Oscillator while the 14-day reading was at 3.84.
MKM Partners downgraded Continental Resources Inc. (NYSE: CLR) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a a Buy.The consensus rating for Continental Resources Inc. (CLR) among analysts is Hold. According to current brokerage recommendations, 5 brokerage firms advise that investors sell CLR, while 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.
What is CLR’s price target for the next 12 months?
Analysts predict a range of price targets between $32.00 and $70.00, with a median target of $45.00. Taking a look at these predictions, the average price target given by analysts for Continental Resources Inc. (CLR) stock is $45.16.