Sunday, November 29, 2020

Continental Resources Inc. [CLR] fell -50.90% so far this year. What now?

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Continental Resources Inc. [NYSE: CLR] traded at a high on 06/15/20, posting a 1.38 gain after which it closed the day’ session at $16.84. The results of the trading session contributed to over 4697306 shares changing hands. Over the past one week, the price volatility of Continental Resources Inc. stands at 8.67% while the volatility over the past one month is 8.06%.

The market cap for CLR stock reached $5.72 billion, with 365.40 million shares outstanding and 74.50 million shares in the current float. Compared to the average trading volume of 6.65M shares, CLR reached a trading volume of 4697306 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about Continental Resources Inc. [CLR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLR shares is $16.51 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLR stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Siebert Williams Shank have made an estimate for Continental Resources Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on June 15, 2020. The new note on the price target was released on June 09, 2020, representing the official price target for Continental Resources Inc. stock. Previously, the target price had yet another raise from $12 to $14, while Imperial Capital kept a In-line rating on CLR stock.

The Average True Range (ATR) for Continental Resources Inc. is set at 1.63, with the Price to Sales ratio for CLR stock in the period of the last 12 months amounting to 1.30. The Price to Book ratio for the last quarter was 0.96, with the Price to Cash per share for the same quarter was set at 1.52. Price to Free Cash Flow for CLR in the course of the last twelve months was 1.90 with Quick ratio for the last quarter at 1.10.

How has CLR stock performed recently?

Continental Resources Inc. [CLR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -21.96. With this latest performance, CLR shares gained by 29.84% in over the last four-week period, additionally sinking by -50.92% over the last 6 months – not to mention a drop of -54.14% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CLR stock in for the last two-week period is set at 56.21, with the RSI for the last a single of trading hit 54.15, and the three-weeks RSI is set at 54.57 for Continental Resources Inc. [CLR]. The present Moving Average for the last 50 days of trading for this stock 13.72, while it was recorded at 17.05 for the last single week of trading, and 23.88 for the last 200 days.

Continental Resources Inc. [CLR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Continental Resources Inc. [CLR] shares currently have an operating margin of +26.44 and a Gross Margin at +30.70. Continental Resources Inc.’s Net Margin is presently recorded at +16.92.

Return on Total Capital for CLR is now 9.84, given the latest momentum, and Return on Invested Capital for the company is 6.47. Return on Equity for this stock inclined to 12.04, with Return on Assets sitting at 4.82. When it comes to the capital structure of this company, Continental Resources Inc. [CLR] has a Total Debt to Total Equity ratio set at 79.14. Additionally, CLR Total Debt to Total Capital is recorded at 44.18, with Total Debt to Total Assets ending up at 32.71. Long-Term Debt to Equity for the company is recorded at 79.05, with the Long-Term Debt to Total Capital now at 44.13.

Reflecting on the efficiency of the workforce at the company, Continental Resources Inc. [CLR] managed to generate an average of $615,588 per employee. Receivables Turnover for the company is 4.46 with a Total Asset Turnover recorded at a value of 0.28.Continental Resources Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.20.

Earnings analysis for Continental Resources Inc. [CLR]

With the latest financial reports released by the company, Continental Resources Inc. posted 0.59/share EPS, while the average EPS was predicted by analysts to be reported at 0.62/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CLR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Continental Resources Inc. go to -12.67%.

Insider trade positions for Continental Resources Inc. [CLR]

There are presently around $1,307 million, or 21.80% of CLR stock, in the hands of institutional investors. The top three institutional holders of CLR stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 16,425,529, which is approximately 44.286% of the company’s market cap and around 1.20% of the total institutional ownership; VANGUARD GROUP INC, holding 7,841,151 shares of the stock with an approximate value of $130.24 million in CLR stocks shares; and BLACKROCK INC., currently with $112.56 million in CLR stock with ownership of nearly 30.88% of the company’s market capitalization.

Positions in Continental Resources Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 179 institutional holders increased their position in Continental Resources Inc. [NYSE:CLR] by around 23,683,568 shares. Additionally, 167 investors decreased positions by around 19,302,832 shares, while 41 investors held positions by with 35,696,650 shares. The mentioned changes placed institutional holdings at 78,683,050 shares, according to the latest SEC report filing. CLR stock had 52 new institutional investments in for a total of 4,978,193 shares, while 82 institutional investors sold positions of 11,425,401 shares during the same period.

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