Continental Resources Inc. (NYSE:CLR) previous close was $30.79 while the outstanding shares total 360.31M. The firm has a beta of 3.32. CLR’s shares traded lower over the last trading session, losing -3.51% on 03/09/21. The shares fell to a low of $29.44 before closing at $29.71. Intraday shares traded counted 2.65 million, which was 5.82% higher than its 30-day average trading volume of 2.81M. The stock’s Relative Strength Index (RSI) is 67.40, with weekly volatility at 7.89% and ATR at 1.95. The CLR stock’s 52-week price range has touched low of $6.90 and a $32.39 high.
Investors have identified the Oil & Gas E&P company Continental Resources Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $9.85 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Continental Resources Inc. (CLR) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For CLR, the company has in raw cash 47.47 million on their books with 2.25 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 852.54 million total, with 860.81 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 0.88 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CLR sounds very interesting.
Is the stock of CLR attractive?
In related news, Director, Taylor Timothy Garth bought 5,917 shares of the company’s stock in a transaction that recorded on Dec 28. The purchase was performed at an average price of 17.00, for a total value of 100,603. As the purchase deal closes, the Executive Chairman, Hamm Harold now bought 769,235 shares of the company’s stock, valued at 9,750,438. Also, Executive Chairman, Hamm Harold bought 102,869 shares of the company’s stock in a deal that was recorded on Jul 07. The shares were cost at an average price of 16.55 per share, with a total market value of 1,702,811. Following this completion of disposal, the Executive Chairman, Hamm Harold now holds 1,425,341 shares of the company’s stock, valued at 25,036,827. In the last 6 months, insiders have changed their ownership in shares of company stock by 4.50%.
6 out of 32 analysts covering the stock have rated it a Buy, while 22 have maintained a Hold recommendation on Continental Resources Inc.. 4 analysts has assigned a Sell rating on the CLR stock. The 12-month mean consensus price target for the company’s shares has been set at $22.37.