Continental Resources Inc. [NYSE: CLR] closed the trading session at $35.44 on 06/01/21. The day’s price range saw the stock hit a low of $33.29, while the highest price level was $36.06. The company report on April 29, 2021 that Continental Resources Delivers Outstanding 1Q21 Financial Results; Reinstates Dividend And Accelerates Shareholder Returns.
• Quarterly Dividend Doubled to$0.11per Share o Payable onMay 24, 2021to Stockholders of Record onMay 10, 2021•$260 MillionNet Income &$0.72Earnings per Share in 1Q21•$3.1 BillionProjected Full-Year 2021 Cash Flow from Operations &$1.7 Billion Projected Full-Year 2021 Free Cash Flow (Non-GAAP) at$60WTI &$2.75HH•Accelerating Projected Debt Reduction to Below$4.0 Billionby Year-End 2021•Projecting Approximately 12% Return on Capital Employed1(ROCE) in 2021.
The stocks have a year to date performance of 117.42 percent and weekly performance of 10.96 percent. The stock has been moved at 109.95 percent over the last six months. The stock has performed 30.10 percent around the most recent 30 days and changed 42.50 percent over the most recent 3-months.
If compared to the average trading volume of 2.08M shares, CLR reached to a volume of 2965835 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $31.10 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 2.80. 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 Buy, with their previous recommendation back on May 13, 2021. The new note on the price target was released on April 23, 2021, representing the official price target for Continental Resources Inc. stock. Previously, the target price had yet another raise to $34, while MKM Partners analysts kept a Buy rating on CLR stock.
The Average True Range (ATR) for Continental Resources Inc. is set at 1.51, with the Price to Sales ratio for CLR stock in the period of the last 12 months amounting to 4.43. The Price to Book ratio for the last quarter was 2.02, with the Price to Cash per share for the same quarter was set at 0.26. Price to Free Cash Flow for CLR in the course of the last twelve months was 7.26 with Quick ratio for the last quarter at 0.80.
CLR stock trade performance evaluation
Continental Resources Inc. [CLR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.96. With this latest performance, CLR shares gained by 30.10% in over the last four-week period, additionally plugging by 109.95% over the last 6 months – not to mention a rise of 167.88% 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 73.47, with the RSI for the last a single of trading hit 78.70, and the three-weeks RSI is set at 69.50 for Continental Resources Inc. [CLR]. The present Moving Average for the last 50 days of trading for this stock 28.10, while it was recorded at 32.67 for the last single week of trading, and 20.45 for the last 200 days.
Continental Resources Inc. [CLR]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Continental Resources Inc. [CLR] shares currently have an operating margin of -13.70 and a Gross Margin at -5.20. Continental Resources Inc.’s Net Margin is presently recorded at -22.95.
Return on Total Capital for CLR is now -2.92, given the latest momentum, and Return on Invested Capital for the company is -5.04. Return on Equity for this stock declined to -9.33, with Return on Assets sitting at -3.79. When it comes to the capital structure of this company, Continental Resources Inc. [CLR] has a Total Debt to Total Equity ratio set at 91.49. Additionally, CLR Total Debt to Total Capital is recorded at 47.78, with Total Debt to Total Assets ending up at 36.40. Long-Term Debt to Equity for the company is recorded at 91.41, with the Long-Term Debt to Total Capital now at 47.74.
Reflecting on the efficiency of the workforce at the company, Continental Resources Inc. [CLR] managed to generate an average of -$496,977 per employee. Receivables Turnover for the company is 2.98 with a Total Asset Turnover recorded at a value of 0.16.Continental Resources Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.90.
Earnings per share (EPS) analysis for Continental Resources Inc. [CLR] stock
With the latest financial reports released by the company, Continental Resources Inc. posted -0.71/share EPS, while the average EPS was predicted by analysts to be reported at -0.59/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -20.30%. 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 -10.74%.
Continental Resources Inc. [CLR]: Insider Ownership positions
There are presently around $1,799 million, or 14.40% of CLR stock, in the hands of institutional investors. The top three institutional holders of CLR stocks are: VANGUARD GROUP INC with ownership of 5,635,104, which is approximately 3.932% of the company’s market cap and around 4.50% of the total institutional ownership; BLACKROCK INC., holding 4,972,057 shares of the stock with an approximate value of $176.21 million in CLR stocks shares; and STATE STREET CORP, currently with $156.93 million in CLR stock with ownership of nearly 19.73% of the company’s market capitalization.
Positions in Continental Resources Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 116 institutional holders increased their position in Continental Resources Inc. [NYSE:CLR] by around 8,969,690 shares. Additionally, 138 investors decreased positions by around 9,664,869 shares, while 47 investors held positions by with 32,129,582 shares. The mentioned changes placed institutional holdings at 50,764,141 shares, according to the latest SEC report filing. CLR stock had 45 new institutional investments in for a total of 1,217,629 shares, while 44 institutional investors sold positions of 2,140,608 shares during the same period.