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Continental Resources, Inc. Stock Price

NYSE:CLR Community·US$26.6b Market Cap
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CLR Share Price Performance

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Snowflake Analysis

Solid track record with adequate balance sheet.

3 Risks
2 Rewards

Continental Resources, Inc. Key Details

US$9.3b

Revenue

US$1.2b

Cost of Revenue

US$8.1b

Gross Profit

US$4.6b

Other Expenses

US$3.6b

Earnings

Last Reported Earnings
Sep 30, 2022
Next Reporting Earnings
n/a
9.96
87.21%
38.13%
61.1%
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About CLR

Founded
1967
Employees
1254
CEO
William Berry
WebsiteView website
www.clr.com

Continental Resources, Inc. explores for, develops, produces, and manages crude oil, natural gas, and related products primarily in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. As of December 31, 2021, its proved reserves were 1,645 million barrels of crude oil equivalent (MMBoe) with proved developed reserves of 908 MMBoe. The company was founded in 1967 and is headquartered in Oklahoma City, Oklahoma.

Recent CLR News & Updates

Seeking Alpha Oct 17

Continental Resources large holder says Hamm revised offer is still too low

Harold Hamm's latest offer to take Continental Resources (NYSE:CLR) private is still too low, according to Smead Capital Management, the oil explorer's biggest minority investor. Cole Smead, president and portfolio of Smead Capital believes that the $74.28/share offer is too low and Hamm should pay about $90, according to a Bloomberg report, which cited an interview with Smead. Continental Resources (CLR) rose 8.6% on the Hamm news. Smead said he would like to see Devon Energy (DVN) make a bid for Continental Resources (CLR). A shareholder vote isn't required for Hamm to complete his takeover of CLR. Smead told Bloomberg he's deciding whether to take legal action. Smead Capital, which owned 7.1 million shares or a 1.97% stake in Continental Resources (CLR), is the largest shareholder after Hamm and his family.  Smead's latest comments come after the investor said in late June that said that billionaire Hamm was trying to "steal" the shale driller from shareholders with his original bid and that Continental (CLR) is worth $100/share at a minimum.

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