Continental Resources Inc. (NYSE:CLR) finished Thursday with a subtraction of -$3.06 to close at $64.82, a downside of -4.51 percent. An average of 1,057,087 shares of common stock have been traded in the last five days. There was a fall of -$5.37 in the past week, and it reached a new high 30 times over the past 12 months. The last 20 days have seen an average of 1,152,597 shares traded, while the 50-day average volume stands at 1,080,551.
CLR stock has decreased by -4.12% in the last month. The company shares reached their 1-month lowest point of $63.56 on 09/23/22. With the stock rallying to its 52-week high on 06/14/22, shares of the company touched a low of $40.75 and a high of $75.49 in 52 weeks. It has reached a new high 31 times so far this year and achieved 51.65% or $19.71 in price. In spite of this, the price is down -14.13% from the 52-week high.
Top 5 Cheap Stocks to Own Right Now
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Sign up here to get your free report now. .
182 days have passed since Continental Resources Inc. (CLR) last reported insider trading activity. Stark Jack H, who is President, most recently acquired $25,000 shares at $64.23 per share on Mar 25. In this transaction, the insider spent $1,605,630. President, Stark Jack H, disposed of 25,000 shares at a price of $63.68 on Mar 23. The insider now owns more than $1,591,959 worth of shares. Prior to that, President Stark Jack H went on to Sale 50,000 shares at $57.10 each on Mar 16. An amount of $2,854,970 was transacted.
Continental Resources Inc. (CLR) has a trailing price-to-earnings (P/E) ratio of 8.43. The stock’s beta is 2.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.23, the price-to-book (PB) ratio at 2.69, and the price-to-cash flow ratio at 4.89.
The company has a payout ratio of 3.40%. The company’s most recent quarterly dividend payment was $0.28 a share, without any change from last year. Its latest increase dividend $0.05 reported on Wednesday April 27 2022.
The quick ratio of Continental Resources Inc. for the three months ended June 29 was 0.90, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.63 and a total debt to equity ratio of 0.70 for the quarter ending June 29. Its gross profit as reported stood at $2.46 billion compared to revenue of $5.72 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 15.60%.
For the three-month period that ended June 29, Continental Resources Inc. had $5.66 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.21 billion in the quarter, while revenues of $597.76 million were grew 76.06%. The analyst consensus anticipated Continental Resources Inc.’s latest quarter earnings to come in at $3.17 per share, but it turned out to be $3.47, a 9.50% surprise. For the quarter, EBITDA amounted to $2.12 billion. Shareholders own equity worth $363.0 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 22 September was 26.26%, suggesting the stock is oversold, with historical volatility in this time frame at 31.16%.
As of today, CLR’s price is $68.27 -7.69% or -$5.37 from its 5-day moving average. CLR is currently trading -9.82% lower than its 20-day SMA and +16.48% higher than its 100-day SMA. However, the stock’s current price level is +2.12% above the SMA50 and +38.26% above the SMA200.
The stochastic %K and %D were 30.57% and 46.06%, respectively, and the average true range (ATR) was 2.28. With the 14-day stochastic at 10.70% and the average true range at 2.23, the RSI (14) stands at 34.40%. The stock has reached -2.16 on the 9-day MACD Oscillator while the 14-day reading was at -2.24.
Scotiabank downgraded Continental Resources Inc. (NYSE: CLR) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as a Sector outperform. The consensus rating for Continental Resources Inc. (CLR) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell CLR, while 18 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 1 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 $67.00 and $100.00, with a median target of $72.00. Taking a look at these predictions, the average price target given by analysts for Continental Resources Inc. (CLR) stock is $74.55.