Jack H. Stark Sells 12,000 Shares of Continental Resources, Inc. (CLR) Stock

Continental Resources, Inc. (NYSE:CLR) President Jack H. Stark sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $49.05, for a total transaction of $588,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Continental Resources, Inc. (CLR) opened at $51.90 on Friday. 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. The firm has a market cap of $19,229.46, a price-to-earnings ratio of -741.32 and a beta of 1.44.

Continental Resources (NYSE:CLR) last posted its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. The firm had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. During the same period last year, the firm posted ($0.22) EPS. Continental Resources’s quarterly revenue was up 38.1% on a year-over-year basis. equities analysts anticipate that Continental Resources, Inc. will post 0.32 earnings per share for the current year.

CLR has been the topic of a number of research analyst reports. BMO Capital Markets set a $36.00 price objective on shares of Continental Resources and gave the stock a “buy” rating in a report on Monday, August 28th. Jefferies Group set a $42.00 target price on shares of Continental Resources and gave the company a “buy” rating in a report on Tuesday, August 29th. Scotiabank cut their target price on shares of Continental Resources from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Friday, September 8th. Piper Jaffray Companies cut their target price on shares of Continental Resources from $52.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. Finally, Imperial Capital initiated coverage on shares of Continental Resources in a report on Tuesday, September 19th. They issued an “in-line” rating and a $41.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.65.

Large investors have recently bought and sold shares of the stock. Toronto Dominion Bank grew its position 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 buying an additional 2,810 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position 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 buying an additional 1,261 shares during the last quarter. Sii Investments Inc. WI purchased a new position in Continental Resources in the 3rd quarter valued at $200,000. Sei Investments Co. grew its position 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 buying an additional 3,009 shares during the last quarter. Finally, IndexIQ Advisors LLC purchased a new position in Continental Resources in the 2nd quarter valued at $210,000. Hedge funds and other institutional investors own 22.54% of the company’s stock.

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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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