Continental Resources, Inc. (NYSE:CLR) CEO Harold Hamm purchased 65,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was acquired at an average cost of $42.71 per share, for a total transaction of $2,776,150.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Harold Hamm also recently made the following trade(s):

  • On Monday, March 25th, Harold Hamm acquired 191,828 shares of Continental Resources stock. The stock was purchased at an average cost of $42.85 per share, for a total transaction of $8,219,829.80.
  • On Friday, March 22nd, Harold Hamm acquired 600,000 shares of Continental Resources stock. The stock was purchased at an average cost of $42.98 per share, for a total transaction of $25,788,000.00.
  • On Friday, February 22nd, Harold Hamm acquired 883,977 shares of Continental Resources stock. The stock was purchased at an average cost of $44.49 per share, for a total transaction of $39,328,136.73.

NYSE CLR opened at $42.05 on Thursday. The company has a market cap of $15.69 billion, a PE ratio of 14.81, a P/E/G ratio of 0.90 and a beta of 1.45. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 1.03. Continental Resources, Inc. has a fifty-two week low of $35.54 and a fifty-two week high of $71.95.

Continental Resources (NYSE:CLR) last posted its quarterly earnings data on Monday, April 29th. The oil and natural gas company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.11. Continental Resources had a return on equity of 16.71% and a net margin of 20.06%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business earned $0.68 EPS. Continental Resources’s revenue was down 1.5% compared to the same quarter last year. On average, equities analysts expect that Continental Resources, Inc. will post 2.77 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. MHI Funds LLC purchased a new position in Continental Resources during the 4th quarter valued at $305,000. Korea Investment CORP boosted its holdings in Continental Resources by 7.3% during the 4th quarter. Korea Investment CORP now owns 175,997 shares of the oil and natural gas company’s stock valued at $7,073,000 after acquiring an additional 11,900 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in Continental Resources during the 4th quarter valued at $856,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Continental Resources by 140.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,353 shares of the oil and natural gas company’s stock valued at $1,783,000 after acquiring an additional 25,945 shares during the period. Finally, Doyle Wealth Management purchased a new position in Continental Resources during the 4th quarter valued at $42,000. Institutional investors own 21.24% of the company’s stock.

CLR has been the topic of a number of research reports. Citigroup reduced their price objective on Continental Resources from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Scotiabank reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Continental Resources in a research note on Tuesday, March 12th. KeyCorp lifted their price objective on Continental Resources from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Robert W. Baird reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Continental Resources in a research note on Wednesday, January 30th. Finally, Morgan Stanley set a $60.00 price objective on Continental Resources and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Seven investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $63.50.

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About Continental Resources

Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties primarily in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.

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