Continental Resources (CLR) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS
Continental Resources (NYSE:CLR) posted its quarterly earnings data on Tuesday. The oil and natural gas company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.09, RTT News reports. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $978.63 million. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. Continental Resources’s revenue for the quarter was up 90.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) earnings per share.
Shares of Continental Resources (NYSE:CLR) traded down $2.16 during midday trading on Wednesday, hitting $52.57. 2,852,162 shares of the stock were exchanged, compared to its average volume of 2,387,976. The firm has a market capitalization of $20,009.89, a PE ratio of -750.89 and a beta of 1.36. Continental Resources has a 52-week low of $29.08 and a 52-week high of $58.89. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.94 and a quick ratio of 0.85.
In related news, Director Mark E. Monroe sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $47.90, for a total transaction of $958,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John D. Hart sold 6,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $51.23, for a total transaction of $307,380.00. The disclosure for this sale can be found here. Insiders have sold 52,874 shares of company stock valued at $2,603,673 over the last quarter. Corporate insiders own 76.87% of the company’s stock.
Continental Resources Company Profile
Continental Resources, Inc is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units.
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