Continental Resources Stock Set to Split on Thursday, September 11th (CLR)
Continental Resources (NYSE:CLR) shares are set to split on Thursday, September 11th, AmericanBankingNews.com reports. The 2-1 split was announced on Monday, August 18th. The newly minted shares will be payable to shareholders after the closing bell on Wednesday, September 10th.
Continental Resources (NYSE:CLR) traded up 0.28% during mid-day trading on Wednesday, hitting $156.63. The stock had a trading volume of 58,329 shares. Continental Resources has a one year low of $91.99 and a one year high of $159.24. The stock has a 50-day moving average of $149.6 and a 200-day moving average of $137.0. The company has a market cap of $28.882 billion and a price-to-earnings ratio of 45.93.
Continental Resources (NYSE:CLR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by $0.19. On average, analysts predict that Continental Resources will post $6.71 earnings per share for the current fiscal year.
CLR has been the subject of a number of recent research reports. Analysts at Global Hunter Securities raised their price target on shares of Continental Resources from $149.00 to $154.00 in a research note on Tuesday, August 12th. Separately, analysts at RBC Capital raised their price target on shares of Continental Resources from $138.00 to $148.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Continental Resources in a research note on Monday, July 21st. They now have a $171.00 price target on the stock, up previously from $154.00. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $148.31.
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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