As of close of business last night, Continental Resources Inc.’s stock clocked out at 67.88, down -1.74% from its previous closing price of $69.08. In other words, the price has decreased by $-1.20 from its previous closing price. On the day, 1122107 shares were traded. CLR reached its highest trading level at $70.48 during the session, while it also had its lowest trading level at $67.88.
To gain a deeper understanding of CLR’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 45.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.89. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 0.70 whereas as Long-Term Debt/Eq ratio is at 0.63.
Upgrades & Downgrades
On July 22, 2022, Piper Sandler Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $76 to $70.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on July 06, 2022, whereas the target price for the stock was revised from $75 to $80.
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 25 when Stark Jack H sold 25,000 shares for $64.23 per share. The transaction valued at 1,605,630 led to the insider holds 480,845 shares of the business.
Stark Jack H sold 25,000 shares of CLR for $1,591,959 on Mar 23. The President now owns 505,845 shares after completing the transaction at $63.68 per share. On Mar 16, another insider, Stark Jack H, who serves as the President of the company, sold 50,000 shares for $57.10 each. As a result, the insider received 2,854,970 and left with 479,105 shares of the company.
As of this moment, Continental’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.43, and their Forward P/E ratio for the next fiscal year is 5.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.23 while its Price-to-Book (P/B) ratio in mrq is 2.69.
Stock Price History:
Over the past 52 weeks, CLR has reached a high of $75.49, while it has fallen to a 52-week low of $40.75. The 50-Day Moving Average of the stock is 68.30, while the 200-Day Moving Average is calculated to be 60.53.
It appears that CLR traded 1.25M shares on average per day over the past three months and 1.12M shares per day over the past ten days. A total of 357.57M shares are outstanding, with a floating share count of 14.72M. Insiders hold about 43.30% of the company’s shares, while institutions hold 12.80% stake in the company. Shares short for CLR as of Jul 14, 2022 were 3.83M with a Short Ratio of 2.20, compared to 6.28M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.06% and a Short% of Float of 201.45%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.00, CLR has a forward annual dividend rate of 1.12. Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 1.63%. The current Payout Ratio is 3.40% for CLR, which recently paid a dividend on Aug 21, 2022 with an ex-dividend date of Aug 04, 2022. Stock splits for the company last occurred on Sep 10, 2014 when the company split stock in a 2:1 ratio.
As of right now, 20 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $3.31 for the current quarter, with a high estimate of $4.52 and a low estimate of $2.36, while EPS last year was $1.2. The consensus estimate for the next quarter is $3.19, with high estimates of $4.47 and low estimates of $1.44.
Analysts are recommending an EPS of between $14.92 and $8.23 for the fiscal current year, implying an average EPS of $12.21. EPS for the following year is $10.62, with 24 analysts recommending between $15.99 and $7.38.
A total of 15 analysts have provided revenue estimates for CLR’s current fiscal year. The highest revenue estimate was $11.47B, while the lowest revenue estimate was $5.7B, resulting in an average revenue estimate of $9.49B. In the same quarter a year ago, actual revenue was $5.72B, up 65.90% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $9.31B in the next fiscal year. The high estimate is $12.01B and the low estimate is $6.91B. The average revenue growth estimate for next year is down -1.90% from the average revenue estimate for this year.