Continental Resources Inc. (NYSE:CLR) COO Jack H. Stark sold 788 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $53.34, for a total transaction of $42,031.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jack H. Stark also recently made the following trade(s):

  • On Friday, August 26th, Jack H. Stark sold 12,000 shares of Continental Resources stock. The stock was sold at an average price of $49.24, for a total transaction of $590,880.00.

Continental Resources Inc. (NYSE:CLR) traded down 0.32% during trading on Wednesday, hitting $53.37. 1,321,324 shares of the stock traded hands. The company’s 50 day moving average price is $50.49 and its 200 day moving average price is $46.42. The company’s market cap is $19.77 billion. Continental Resources Inc. has a 12 month low of $13.94 and a 12 month high of $55.07.

Continental Resources (NYSE:CLR) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.07. The business had revenue of $526.20 million for the quarter, compared to analyst estimates of $148.37 million. Continental Resources had a negative return on equity of 8.69% and a negative net margin of 28.27%. The firm’s revenue for the quarter was down 22.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.12) earnings per share. On average, equities research analysts anticipate that Continental Resources Inc. will post ($0.89) EPS for the current fiscal year.

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

Several hedge funds have recently modified their holdings of the company. FineMark National Bank & Trust boosted its position in shares of Continental Resources by 54.6% in the third quarter. FineMark National Bank & Trust now owns 2,319 shares of the company’s stock worth $121,000 after buying an additional 819 shares during the period. Synovus Financial Corp purchased a new position in shares of Continental Resources during the second quarter worth approximately $131,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of Continental Resources by 2,295.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 2,899 shares of the company’s stock worth $151,000 after buying an additional 2,778 shares during the period. I.G. Investment Management LTD. purchased a new position in shares of Continental Resources during the second quarter worth approximately $149,000. Finally, Shell Asset Management Co. boosted its position in shares of Continental Resources by 19.3% in the second quarter. Shell Asset Management Co. now owns 3,737 shares of the company’s stock worth $169,000 after buying an additional 604 shares during the period. 24.07% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on CLR shares. SunTrust Banks Inc. upgraded shares of Continental Resources from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, August 1st. Zacks Investment Research cut shares of Continental Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Royal Bank Of Canada raised their target price on shares of Continental Resources from $48.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Credit Suisse Group AG restated a “hold” rating and set a $47.00 target price on shares of Continental Resources in a research note on Friday, August 5th. Finally, RBC Capital Markets restated an “outperform” rating and set a $51.00 target price (up previously from $48.00) on shares of Continental Resources in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.07.

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About Continental Resources

Continental Resources, Inc is an independent crude oil and natural gas exploration and production 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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