Todays Report: Today, 788 Shares of Continental Resources Inc. (CLR) Stock are sold by Jack H. Stark

Today, 788 Shares of Continental Resources Inc. (CLR) Stock are sold by Jack H. Stark

Continental Resources Inc. (NYSE:CLR) COO Jack H. Stark sold 788 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $53.34, for a total transaction of $42,031.92. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Jack H. Stark also recently made the following trade(s): On Friday, August 26th, Jack H. Stark sold 12,000 shares of Continental Resources stock. The stock was sold at an average price of $49.24, for a total transaction of $590,880.00.

Shares of Continental Resources Inc. (NYSE:CLR) opened at 53.37 on Friday. The firm’s market capitalization is $19.77 billion. The company has a 50-day moving average price of $50.49 and a 200 day moving average price of $46.42. Continental Resources Inc. has a 12-month low of $13.94 and a 12-month high of $55.07.

Continental Resources (NYSE:CLR) last released its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.07. The business had revenue of $526.20 million for the quarter, compared to analyst estimates of $148.37 million. Continental Resources had a negative return on equity of 8.69% and a negative net margin of 28.27%. The company’s revenue for the quarter was down 22.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.12) EPS. Equities research analysts expect that Continental Resources Inc. will post ($0.89) earnings per share for the current fiscal year.

A number of equities analysts have commented on CLR shares. SunTrust Banks Inc. raised shares of Continental Resources from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, August 1st. Zacks Investment Research downgraded shares of Continental Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Royal Bank Of Canada lifted their price objective on shares of Continental Resources from $48.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Credit Suisse Group AG reissued a “hold” rating and set a $47.00 price target on shares of Continental Resources in a report on Friday, August 5th. Finally, RBC Capital Markets restated an “outperform” rating and set a $51.00 price objective (up from $48.00) on shares of Continental Resources in a research note on Friday, August 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $46.07.

Large investors have recently added to or reduced their stakes in the company. Bridgeway Capital Management Inc. purchased a new position in Continental Resources during the second quarter worth about $28,606,000. Synovus Financial Corp bought a new position in Continental Resources during the second quarter worth $131,000. TD Asset Management Inc. bought a new position in Continental Resources during the second quarter worth $278,000. Rainier Investment Management LLC bought a new position in Continental Resources during the second quarter worth $10,774,000. Finally, Seven Eight Capital LLC increased its position in Continental Resources by 78.1% in the first quarter. Seven Eight Capital LLC now owns 14,549 shares of the company’s stock worth $442,000 after buying an additional 6,379 shares in the last quarter. 24.07% of the stock is currently owned by institutional investors.

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