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Is Continental Resources Inc.’s (NYSE:CLR) Stock Expensive Or Cheap At $64.83?

In recent trading session, Continental Resources Inc. (NYSE:CLR) saw 0.64 million shares changing hands at last check today with its beta currently measuring 2.48. Company’s recent per share price level of $64.83 trading at -$3.05 or -4.49% at last check today assigns it a market valuation of $25.01B. That most recent trading price of CLR’s stock is at a discount of -16.44% from its 52-week high price of $75.49 and is indicating a premium of 37.14% from its 52-week low price of $40.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.12 million shares which gives us an average trading volume of 1.23 million if we extend that period to 3-months.

Continental Resources Inc. (NYSE:CLR) trade information

Upright in the red during last session for losing -4.49%, in the last five days CLR remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $64.83 price level, adding 8.63% to its value on the day. Continental Resources Inc.’s shares saw a change of 51.65% in year-to-date performance and have moved -4.25% in past 5-day. Continental Resources Inc. (NYSE:CLR) showed a performance of -4.12% in past 30-days. Number of shares sold short was 3.83 million shares which calculate 1.73 days to cover the short interests.

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Continental Resources Inc. (CLR) estimates and forecasts

Statistics highlight that Continental Resources Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 6.61% of value to its shares in past 6 months, showing an annual growth rate of 162.02% while that of industry is 34.70. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 175.80% in the current quarter and calculating 78.20% increase in the next quarter. This year revenue growth is estimated to rise 65.90% from the last financial year’s standing.

14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.7 billion for the same. And 14 analysts are in estimates of company making revenue of $2.63 billion in the next quarter that will end on Dec 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 44.10% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 376.10% while estimates for its earnings growth in next 5 years are of 27.94%.

CLR Dividends

Continental Resources Inc. is more likely to be releasing its next quarterly report between April 26 and May 02 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Continental Resources Inc. (NYSE:CLR)’s Major holders

Insiders are in possession of 84.22% of company’s total shares while institution are holding 12.74 percent of that, with stock having share float percentage of 80.70%. Investors also watch the number of corporate investors in a company very closely, which is 12.74% institutions for Continental Resources Inc. that are currently holding shares of the company. Smead Capital Management, Inc. is the top institutional holder at CLR for having 7.24 million shares of worth $443.74 million. And as of Mar 30, 2022, it was holding 1.99% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 4.17 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 1.15% of outstanding shares, having a total worth of $255.89 million.

On the other hand, Smead Funds Trust-Smead Value Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF are the top two Mutual Funds which own company’s shares. As of May 30, 2022, the former fund manager was holding 6.42 million shares of worth $437.3 million or 1.77% of the total outstanding shares. The later fund manager was in possession of 1.58 million shares on Jun 29, 2022, making its stake of worth around $103.33 million in the company or a holder of 0.44% of company’s stock.

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