Insider Selling: Continental Resources, Inc. (CLR) SVP Sells 10,000 Shares of Stock

Continental Resources, Inc. (NYSE:CLR) SVP Eric Spencer Eissenstat sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $56.02, for a total value of $560,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Continental Resources stock opened at $58.00 on Friday. Continental Resources, Inc. has a fifty-two week low of $29.08 and a fifty-two week high of $59.47. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.87. The company has a market capitalization of $21,762.53, a price-to-earnings ratio of 111.54 and a beta of 1.45.

Continental Resources (NYSE:CLR) last released its earnings results on Wednesday, February 21st. The oil and natural gas company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.09. Continental Resources had a return on equity of 4.25% and a net margin of 25.30%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $978.63 million. During the same quarter last year, the company earned ($0.07) earnings per share. Continental Resources’s quarterly revenue was up 90.5% compared to the same quarter last year. equities research analysts expect that Continental Resources, Inc. will post 2.38 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in CLR. The Manufacturers Life Insurance Company lifted its holdings in Continental Resources by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 13,385 shares of the oil and natural gas company’s stock valued at $433,000 after acquiring an additional 920 shares during the period. Prudential Financial Inc. acquired a new stake in Continental Resources in the third quarter valued at $369,000. Sei Investments Co. lifted its holdings in Continental Resources by 131.7% in the third quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock valued at $205,000 after acquiring an additional 3,009 shares during the period. New York State Common Retirement Fund lifted its holdings in Continental Resources by 4.3% in the third quarter. New York State Common Retirement Fund now owns 252,100 shares of the oil and natural gas company’s stock valued at $9,734,000 after acquiring an additional 10,300 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in Continental Resources by 244.1% in the third quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after acquiring an additional 2,810 shares during the period. 22.42% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on the company. Barclays reissued an “overweight” rating and issued a $58.00 price objective (up from $53.00) on shares of Continental Resources in a report on Thursday, January 11th. ValuEngine raised Continental Resources from a “sell” rating to a “hold” rating in a report on Thursday. Tudor Pickering downgraded Continental Resources from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Morgan Stanley increased their price objective on Continental Resources from $56.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, Susquehanna Bancshares reissued a “neutral” rating and issued a $61.00 price objective on shares of Continental Resources in a report on Wednesday, January 17th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Continental Resources currently has an average rating of “Buy” and a consensus price target of $56.98.

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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.

Insider Buying and Selling by Quarter for Continental Resources (NYSE:CLR)

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