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

Continental Resources, Inc. (NYSE:CLR) CFO John D. Hart sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $51.23, for a total transaction of $307,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Continental Resources, Inc. (NYSE:CLR) traded up $1.64 during trading on Friday, reaching $51.25. 2,075,300 shares of the company were exchanged, compared to its average volume of 2,781,452. The stock has a market cap of $18,614.11, a price-to-earnings ratio of 1,240.25 and a beta of 1.44. Continental Resources, Inc. has a 1 year low of $29.08 and a 1 year high of $53.57. 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 (NYSE:CLR) last issued its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate 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% compared to the same quarter last year. During the same period last year, the company posted ($0.22) EPS. equities analysts anticipate that Continental Resources, Inc. will post 0.31 EPS for the current fiscal year.

CLR has been the topic of a number of recent analyst reports. TheStreet raised Continental Resources from a “d+” rating to a “c” rating in a research report 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 research 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 research report on Wednesday, October 11th. Zacks Investment Research raised Continental Resources from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research 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 research report on Wednesday, October 18th. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Continental Resources has an average rating of “Buy” and an average price target of $47.65.

A number of institutional investors have recently modified their holdings of CLR. Toronto Dominion Bank raised its holdings in Continental Resources by 244.1% in the 3rd quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after acquiring an additional 2,810 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Continental Resources by 35.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock valued at $187,000 after acquiring an additional 1,261 shares during the last quarter. Sii Investments Inc. WI acquired a new stake in Continental Resources in the 3rd quarter valued at about $200,000. Sei Investments Co. raised its holdings in Continental Resources by 131.7% in the 3rd quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock valued at $205,000 after acquiring an additional 3,009 shares during the last quarter. Finally, IndexIQ Advisors LLC acquired a new stake in Continental Resources in the 2nd quarter valued at about $210,000. 22.54% 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.

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

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