Continental Resources Inc. (NYSE:CLR) SVP Steven K. Owen sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $53.34, for a total transaction of $213,360.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Steven K. Owen also recently made the following trade(s):

  • On Wednesday, September 21st, Steven K. Owen sold 3,200 shares of Continental Resources stock. The shares were sold at an average price of $46.54, for a total transaction of $148,928.00.

Continental Resources Inc. (NYSE:CLR) traded down 0.32% on Thursday, reaching $53.37. The company had a trading volume of 1,321,324 shares. The company’s 50-day moving average is $50.49 and its 200-day moving average is $46.42. The company’s market capitalization is $19.77 billion. Continental Resources Inc. has a 52-week low of $13.94 and a 52-week high of $55.07.

Continental Resources (NYSE:CLR) last released its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.07. The firm 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 company’s quarterly revenue was down 22.9% on a year-over-year basis. During the same period last year, the firm earned ($0.12) EPS. Equities 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 research firms recently weighed in on CLR. Canaccord Genuity set a $60.00 price objective on Continental Resources and gave the company a “buy” rating in a report on Wednesday, November 2nd. Stifel Nicolaus restated a “hold” rating on shares of Continental Resources in a report on Wednesday, August 31st. SunTrust Banks Inc. upgraded Continental Resources from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, August 1st. Barclays PLC upgraded Continental Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $48.00 to $60.00 in a report on Monday, October 17th. Finally, Nomura lifted their price objective on Continental Resources from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $46.07.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FineMark National Bank & Trust raised its position in 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 last quarter. BlueMountain Capital Management LLC bought a new position in Continental Resources during the first quarter worth about $129,000. Synovus Financial Corp bought a new position in Continental Resources during the second quarter worth about $131,000. I.G. Investment Management LTD. bought a new position in Continental Resources during the second quarter worth about $149,000. Finally, Bronfman E.L. Rothschild L.P. raised its position in 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 last quarter. 24.07% of the stock is currently owned by institutional investors and hedge funds.

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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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