Insider Selling: Continental Resources, Inc. (CLR) SVP Sells $502,092.90 in Stock

Continental Resources, Inc. (NYSE:CLR) SVP Gary E. Gould sold 9,874 shares of Continental Resources stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $50.85, for a total transaction of $502,092.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Gary E. Gould also recently made the following trade(s):

  • On Wednesday, December 20th, Gary E. Gould sold 5,000 shares of Continental Resources stock. The shares were sold at an average price of $49.52, for a total transaction of $247,600.00.

Continental Resources, Inc. (CLR) opened at $51.90 on Monday. 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, Inc. has a fifty-two week low of $29.08 and a fifty-two week high of $53.57. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank increased its holdings in Continental Resources by 244.1% during the third quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock worth $153,000 after buying an additional 2,810 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings 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 valued at $187,000 after purchasing an additional 1,261 shares during the last quarter. Sii Investments Inc. WI acquired a new position in shares of Continental Resources in the third quarter valued at $200,000. Sei Investments Co. increased its holdings in shares of Continental Resources by 131.7% in the third quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock valued at $205,000 after purchasing an additional 3,009 shares during the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in shares of Continental Resources in the second quarter valued at $210,000. Institutional investors and hedge funds own 22.54% of the company’s stock.

A number of research analysts have weighed in on CLR shares. BMO Capital Markets lifted their price target on shares of Continental Resources from $8.00 to $11.00 in a research note on Monday, November 13th. Jefferies Group set a $42.00 price target on shares of Continental Resources and gave the company a “buy” rating in a research note on Tuesday, August 29th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $41.00 price target on shares of Continental Resources in a research note on Friday, October 6th. Stifel Nicolaus set a $68.00 price objective on shares of Continental Resources and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, SunTrust Banks set a $50.00 price objective on shares of Continental Resources and gave the stock a “buy” rating in a research report on Thursday, October 12th. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $47.65.

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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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