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.
About Continental Resources