Continental Resources Inc. [CLR] Stock trading around $12.82 per share: What’s Next?

Continental Resources Inc. [NYSE: CLR] gained 0.94% on the last trading session, reaching $12.82 price per share at the time.

Continental Resources Inc. represents 360.20 million in outstanding shares, while the company has a total market value of $4.69 billion with the latest information. CLR stock price has been found in the range of $12.61 to $13.12.

If compared to the average trading volume of 3.43M shares, CLR reached a trading volume of 4004873 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $19.23 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 3.10. 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.

Northland Capital have made an estimate for Continental Resources Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on September 14, 2020. The new note on the price target was released on September 09, 2020, representing the official price target for Continental Resources Inc. stock.

The Average True Range (ATR) for Continental Resources Inc. is set at 0.82, with the Price to Sales ratio for CLR stock in the period of the last 12 months amounting to 1.40. The Price to Book ratio for the last quarter was 0.75, with the Price to Cash per share for the same quarter was set at 0.02. Price to Free Cash Flow for CLR in the course of the last twelve months was 2.13 with Quick ratio for the last quarter at 0.60.

Trading performance analysis for CLR stock

Continental Resources Inc. [CLR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.24. With this latest performance, CLR shares dropped by -26.78% in over the last four-week period, additionally plugging by 66.28% over the last 6 months – not to mention a drop of -58.08% 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 34.49, with the RSI for the last a single of trading hit 32.93, and the three-weeks RSI is set at 37.31 for Continental Resources Inc. [CLR]. The present Moving Average for the last 50 days of trading for this stock 16.28, while it was recorded at 12.85 for the last single week of trading, and 18.62 for the last 200 days.

Continental Resources Inc. [CLR]: A deeper dive into fundamental analysis

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 0.60 and a Current Ratio set at 0.70.

Continental Resources Inc. [CLR]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Continental Resources Inc. posted 0.54/share EPS, while the average EPS was predicted by analysts to be reported at 0.47/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 14.90%. 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 -12.72%.

An analysis of insider ownership at Continental Resources Inc. [CLR]

There are presently around $807 million, or 17.60% of CLR stock, in the hands of institutional investors. The top three institutional holders of CLR stocks are: VANGUARD GROUP INC with ownership of 7,293,233, which is approximately -6.988% of the company’s market cap and around 3.50% of the total institutional ownership; STATE STREET CORP, holding 5,713,867 shares of the stock with an approximate value of $73.25 million in CLR stocks shares; and BLACKROCK INC., currently with $63.91 million in CLR stock with ownership of nearly -26.433% of the company’s market capitalization.

Positions in Continental Resources Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 111 institutional holders increased their position in Continental Resources Inc. [NYSE:CLR] by around 13,666,155 shares. Additionally, 188 investors decreased positions by around 29,234,347 shares, while 39 investors held positions by with 20,057,710 shares. The mentioned changes placed institutional holdings at 62,958,212 shares, according to the latest SEC report filing. CLR stock had 35 new institutional investments in for a total of 2,559,937 shares, while 79 institutional investors sold positions of 5,243,963 shares during the same period.

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