Insider Selling: Continental Resources SVP Unloads 4,000 Shares of Stock (CLR)
Continental Resources (NYSE:CLR) SVP Steven K. Owen unloaded 4,000 shares of Continental Resources stock on the open market in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $154.95, for a total value of $619,800.00. Following the transaction, the senior vice president now directly owns 32,275 shares of the company’s stock, valued at approximately $5,001,011. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on CLR. Analysts at KLR Group raised their price target on shares of Continental Resources from $9.00 to $166.00 in a research note on Wednesday, June 25th. They now have an “accumulate” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Continental Resources from $121.00 to $141.00 in a research note on Monday, June 23rd. They now have a “neutral” rating on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Continental Resources in a research note on Monday, June 23rd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $139.25.
Shares of Continental Resources (NYSE:CLR) traded up 0.21% during mid-day trading on Monday, hitting $158.04. The stock had a trading volume of 556,916 shares. Continental Resources has a 52 week low of $86.97 and a 52 week high of $158.88. The stock has a 50-day moving average of $144. and a 200-day moving average of $125.2. The company has a market cap of $29.135 billion and a price-to-earnings ratio of 34.36.
Continental Resources (NYSE:CLR) last released its earnings data on Wednesday, May 7th. The company reported $1.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.50 by $0.03. The company had revenue of $972.50 million for the quarter, compared to the consensus estimate of $1,000.00 million. During the same quarter last year, the company posted $1.17 earnings per share. Continental Resources’s revenue was up 38.4% compared to the same quarter last year. Analysts expect that Continental Resources will post $6.99 EPS for the current fiscal year.
Continental Resources, Inc (NYSE:CLR) is an independent crude oil and natural gas exploration and production company with operations in the North, South and East regions of the United States.
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