Continental Resources, Inc. (NYSE:CLR) CEO Harold Hamm purchased 36,452 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were acquired at an average price of $42.05 per share, for a total transaction of $1,532,806.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Harold Hamm also recently made the following trade(s):

  • On Tuesday, March 28th, Harold Hamm purchased 32,985 shares of Continental Resources stock. The shares were acquired at an average price of $42.90 per share, for a total transaction of $1,415,056.50.
  • On Friday, March 24th, Harold Hamm purchased 41,998 shares of Continental Resources stock. The shares were acquired at an average price of $42.37 per share, for a total transaction of $1,779,455.26.

Continental Resources, Inc. (NYSE:CLR) traded down 1.25% during midday trading on Friday, reaching $39.61. The company had a trading volume of 3,078,495 shares. The company’s market capitalization is $14.70 billion. Continental Resources, Inc. has a 52 week low of $39.30 and a 52 week high of $60.30. The firm has a 50-day moving average price of $43.00 and a 200-day moving average price of $47.36.

Continental Resources (NYSE:CLR) last issued its quarterly earnings data on Wednesday, May 3rd. The oil and natural gas company reported $0.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.02. The firm had revenue of $685.43 million during the quarter, compared to analyst estimates of $646.46 million. Continental Resources had a negative return on equity of 8.69% and a negative net margin of 28.27%. Analysts expect that Continental Resources, Inc. will post $0.42 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Continental Resources (NYSE:CLR)

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Achmea Investment Management B.V. acquired a new position in shares of Continental Resources during the first quarter worth approximately $545,000. TPH Asset Management LLC increased its position in shares of Continental Resources by 792.2% in the first quarter. TPH Asset Management LLC now owns 294,947 shares of the oil and natural gas company’s stock worth $13,396,000 after buying an additional 261,887 shares during the last quarter. First Financial Equity Corporation acquired a new position in shares of Continental Resources during the first quarter worth approximately $241,000. HighTower Advisors LLC increased its position in shares of Continental Resources by 9.4% in the first quarter. HighTower Advisors LLC now owns 9,077 shares of the oil and natural gas company’s stock worth $415,000 after buying an additional 777 shares during the last quarter. Finally, Ranger Investment Management L.P. increased its position in shares of Continental Resources by 50.3% in the first quarter. Ranger Investment Management L.P. now owns 8,266 shares of the oil and natural gas company’s stock worth $375,000 after buying an additional 2,768 shares during the last quarter. Hedge funds and other institutional investors own 23.17% of the company’s stock.

A number of analysts have issued reports on CLR shares. Credit Suisse Group AG raised Continental Resources from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $40.00 to $57.00 in a research report on Friday, May 5th. They noted that the move was a valuation call. Barclays PLC reissued a “buy” rating and issued a $54.00 target price on shares of Continental Resources in a research report on Sunday, May 7th. Zacks Investment Research raised Continental Resources from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Tuesday, February 7th. BMO Capital Markets decreased their target price on Continental Resources from $13.00 to $11.50 in a research report on Thursday, March 9th. Finally, Canaccord Genuity set a $61.00 target price on Continental Resources and gave the stock a “buy” rating in a research report on Saturday, February 11th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $56.71.

About Continental Resources

Continental Resources, Inc is a crude oil and natural gas 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.

12 Month Chart for NYSE:CLR

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