Continental Resources, Inc. (NYSE:CLR) has a beta value of 3.45 and has seen 2,388,867 shares traded in the last trading session. The company, currently valued at $4.88 Billion, closed the last trade at $13.01 per share which meant it lost -$0.19 on the day or -1.44% during that session. The CLR stock price is -198.23% off its 52-week high price of $38.8 and 46.96% above the 52-week low of $6.9. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.54 Million shares traded. The 3-month trading volume is 3.72 Million shares.
The consensus among analysts is that Continental Resources, Inc. (CLR) is a Hold stock at the moment, with a recommendation rating of 3.1. 4 analysts rate the stock as a Sell, while 1 rate it as Overweight. 22 out of 32 have rated it as a Hold, with 4 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.28.
Continental Resources, Inc. (NYSE:CLR) trade information
Despite being -1.44% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Sep 09 when the CLR stock price touched $14.46- or saw a rise of 10.03%. Year-to-date, Continental Resources, Inc. shares have moved -62.07%, while the 5-day performance has seen it change -7.93%. Over the past 30 days, the shares of Continental Resources, Inc. (NYSE:CLR) have changed -29.98%. Short interest in the company has seen 16.32 Million shares shorted with days to cover at 4.39.
Wall Street analysts have a consensus price target for the stock at $17.45, which means that the shares’ value could jump 34.13% from current levels. The projected low price target is $10 while the price target rests at a high of $28. In that case, then, we find that the current price level is +115.22% off the targeted high while a plunge would see the stock lose -23.14% from current levels.
Continental Resources, Inc. (CLR) estimates and forecasts
Figures show that Continental Resources, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +56.94% over the past 6 months, with this year growth rate of -153.33%, compared to -44.1% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -151.9% and -118.2% for the next quarter. Revenue growth from the last financial year stood is estimated to be -49.1%.
18 analysts offering their estimates for the company have set an average revenue estimate of $575.55 Million for the current quarter. 18 have an estimated revenue figure of $727.8 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $1.1 Billion and $1.2 Billion respectively for this quarter and the next, and analysts expect sales will grow by -47.9% for the current quarter and -39.1% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -4.6% over the past 5 years. Earnings growth for 2020 is a modest -21% while over the next 5 years, the company’s earnings are expected to increase by -12.72%.
Continental Resources, Inc. (NYSE:CLR)’s Major holders
Insiders own 79.6% of the company shares, while shares held by institutions stand at 21.08% with a share float percentage of 103.32%. Investors are also buoyed by the number of investors in a company, with Continental Resources, Inc. having a total of 473 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 7.29 Million shares worth more than $127.85 Million. As of June 29, 2020, Vanguard Group, Inc. (The) held 2% of shares outstanding.
The other major institutional holder is State Street Corporation, with the holding of over 5.71 Million shares as of June 29, 2020. The firm’s total holdings are worth over $100.16 Million and represent 1.56% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and Vanguard Total Stock Market Index Fund. As of June 29, 2020, the former fund manager holds about 1.21% shares in the company for having 4409475 shares of worth $77.3 Million while later fund manager owns 2.09 Million shares of worth $36.59 Million as of June 29, 2020, which makes it owner of about 0.57% of company’s outstanding stock.