Breaking News: CLR latest news

Cut cap X program and will likely have to cut it again. Thinks there will still be revisions to CLR-N’s cash flow. Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET.

This is the largest producer and largest acreage holder in the US Bakken play. Growing production by about 43% this year and 30% next year and trading at around 5.7X next year’s enterprise value to cash flow. Based on the offer price from Hamm, as well as the 58 million shares of outstanding CLR stock, the buyout offer comes to about $4.31 billion.

Company

Forward-looking statements are based on current expectations and assumptions about future events and currently available information as to the outcome and timing of future events. Such statements are inherently subject to numerous business, economic, competitive, regulatory and other risks and uncertainties, most of which are difficult to predict and many of which are beyond Continental’s control. No assurance can be given that such expectations will be correct or achieved or that the assumptions are accurate or that any transaction will ultimately be consummated. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which such statement is made. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, Continental’s actual results and plans could differ materially from those expressed in any forward-looking statements.

Continental Resources announced a quarterly dividend on Thursday, July 28th. Shareholders of record on Monday, August 8th will be paid a dividend of $0.28 per share on Monday, August 22nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of ∞. 11 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Continental Resources in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 1 buy rating for the stock.

A high percentage of insider ownership can be a sign of company health. Based on earnings estimates, Continental Resources will have a dividend payout ratio of 10.14% next year. This indicates that Continental Resources will be able to sustain or increase its dividend. Continental Resources pays a meaningful dividend of 1.51%, higher than the bottom 25% of all stocks that pay dividends.

Net production averaged 330 thousand barrels of oil equivalent per day in 2020, at a ratio of 49% oil and 51% natural gas and NGLs. 11 equities research analysts have issued 1-year target prices for Continental Resources’ stock. Their CLR share price forecasts range from $66.00 to $95.00. On average, they predict the company’s share price to reach $74.33 in the next twelve months.

Kinder Morgan

Continental Resources has received a consensus rating of Hold. The company’s average rating score is 1.91, and is based on 1 buy rating, 8 hold ratings, and 2 sell ratings. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

• Read stock experts’ recommendationsfor help on deciding if you should buy, sell or hold the stock.
• The P/E ratio of Continental Resources is 7.55, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 61.86.
• Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
• If all goes well, the deal should close by the end of the year.

Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. The Barchart Technical Opinion rating is a 100% Buy with a Average short term outlook on maintaining the current direction. /PRNewswire/ — If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this… /PRNewswire/ — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws…

What was earnings per share over the trailing 12 months (TTM)?

There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month. Market Data & Company fundamental data provided by FactSet.

Especially, long-term investors would expect a multi-fold growth. If you are such an investor, you have to have a look at historical growth analysis of CLR. The first two columns of the below table contain data used to build the above visual. The last couple of columns will help you track the trend of highest and lowest weekly prices of Continental Resources Inc in the 1-year time frame. As an investor, you want to buy stocks with the highest probability of success.

All companies that sell securities in the United States must register with the Securities and Exchange Commission and file reports on a regular basis. These reports include company annual reports , news updates , investor presentations , insider trades , ownership reports , and reports moody’s seasoned aaa corporate bond yield related to the specific securities sold, such as registration statements and prospectus. This page shows recent SEC filings related to Continental Resources, Inc. Valuations generally are similar if not slightly better than Canadian names but the growth rates are higher.

About Continental Resources (NYSE:CLR) Stock

Data may be intentionally delayed pursuant to supplier requirements. Real-time analyst ratings, insider transactions, earnings data, and more. Schwab Fundamental U.S. Small Company Index ETF holds 138,503 shares of CLR stock, representing 0.17% of its portfolio. The P/E ratio of Continental Resources is 7.55, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 61.86. 58.57% of the stock of Continental Resources is held by insiders.

All forward-looking statements are expressly qualified in their entirety by this cautionary statement. Except as otherwise required by applicable law, Continental undertakes no obligation to publicly correct or update any forward-looking statement whether as a result of new information, future events or circumstances after the date of this report, or otherwise. Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendationsfor help on deciding if you should buy, sell or hold the stock.

As previously reported, Morgan Stanley analyst Devin McDermott upgraded Continental Resources to Equal Weight from Underweight with a price target of $74, up from $67, now that terms of the proposed take-private transaction have been finalized. In addition, “Notices of Guaranteed Delivery” had been delivered for 3,443,455 shares of Continental common stock, representing approximately 5.9% of the outstanding shares not already owned by the Hamm https://day-trading.info/ family. Merger Sub intends to accept for payment in accordance with the terms of the tender offer all shares of Continental common stock that were validly tendered and not validly withdrawn as of the expiration of the tender offer. The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company. In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

Press Releases (Most Recent)

Investors will also note that the Hamm family already “collectively own approximately 83%” of shares. Shares of Continental Resources split before market open on Thursday, September 11th 2014. The 2-1 split was announced on Monday, August 18th 2014.

In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Mr. Hamm currently serves as Chairman of Continental’s Board of Directors. He and the rest of the Hamm family collectively own approximately 83% of Continental’s common stock. Harold Hamm, current Chairman of the board, founded Continental Resources back in 1967. Hamm created the company with a $1,000 loan and his family has continued to be involved in its operations. We use the term “EUR” or “estimated ultimate recovery” to describe our best estimate of recoverable oil and natural gas hydrocarbon quantities.

These returns cover a period from January 1, 1988 through February 6, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.

Founder Harold Hamm is offering $74.28 per share to take the company private. With a focus on the exploration and production of oil, Continental has unlocked the technology and resources vital to American energy independence and our nation’s leadership in the new world oil market. In 2022, Continental will celebrate 55 years of operations. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.