NYSE:CLR

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Continental Resources

Market Cap

US$13.2b

Last Updated

2021/06/17 03:08 UTC

Data Sources

Company Financials +

Executive Summary

Continental Resources, Inc. explores for, develops, and produces crude oil and natural gas primarily in the north, south, and east regions of the United States. More Details


Snowflake Analysis

Imperfect balance sheet with limited growth.


Similar Companies

Share Price & News

How has Continental Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CLR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CLR's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

3.1%

CLR

1.6%

US Oil and Gas

0.2%

US Market


1 Year Return

119.8%

CLR

42.9%

US Oil and Gas

39.7%

US Market

Return vs Industry: CLR exceeded the US Oil and Gas industry which returned 42.9% over the past year.

Return vs Market: CLR exceeded the US Market which returned 39.7% over the past year.


Shareholder returns

CLRIndustryMarket
7 Day3.1%1.6%0.2%
30 Day14.4%4.6%2.5%
90 Day44.1%14.7%5.9%
1 Year120.6%119.8%51.8%42.9%41.9%39.7%
3 Year-42.3%-42.7%-8.8%-21.6%59.7%49.8%
5 Year-17.8%-18.4%6.0%-14.9%125.6%100.3%

Long-Term Price Volatility Vs. Market

How volatile is Continental Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Continental Resources undervalued compared to its fair value and its price relative to the market?

14.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CLR ($36.57) is trading below our estimate of fair value ($42.71)

Significantly Below Fair Value: CLR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CLR is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: CLR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CLR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CLR is overvalued based on its PB Ratio (2.1x) compared to the US Oil and Gas industry average (1.8x).


Future Growth

How is Continental Resources forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

-4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLR's earnings are forecast to decline over the next 3 years (-4.9% per year).

Earnings vs Market: CLR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CLR's is expected to become profitable in the next 3 years.

Revenue vs Market: CLR's revenue is expected to decline over the next 3 years (-1.3% per year).

High Growth Revenue: CLR's revenue is forecast to decline over the next 3 years (-1.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CLR's Return on Equity is forecast to be low in 3 years time (9%).


Past Performance

How has Continental Resources performed over the past 5 years?

15.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLR is currently unprofitable.

Growing Profit Margin: CLR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CLR is unprofitable, but has reduced losses over the past 5 years at a rate of 15% per year.

Accelerating Growth: Unable to compare CLR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CLR is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-42.9%).


Return on Equity

High ROE: CLR has a negative Return on Equity (-2.37%), as it is currently unprofitable.


Financial Health

How is Continental Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CLR's short term assets ($1.1B) do not cover its short term liabilities ($1.2B).

Long Term Liabilities: CLR's short term assets ($1.1B) do not cover its long term liabilities ($6.9B).


Debt to Equity History and Analysis

Debt Level: CLR's debt to equity ratio (74.3%) is considered high.

Reducing Debt: CLR's debt to equity ratio has reduced from 161% to 74.3% over the past 5 years.

Debt Coverage: CLR's debt is well covered by operating cash flow (36.2%).

Interest Coverage: CLR is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Dividend

What is Continental Resources's current dividend yield, its reliability and sustainability?

1.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CLR's dividend (1.2%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.27%).

High Dividend: CLR's dividend (1.2%) is low compared to the top 25% of dividend payers in the US market (3.36%).


Stability and Growth of Payments

Stable Dividend: CLR has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CLR's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as CLR has not reported any payouts.


Future Payout to Shareholders

Future Dividend Coverage: CLR's dividends in 3 years are forecast to be well covered by earnings (24.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Bill Berry (67 yo)

1.42yrs

Tenure

US$29,233,195

Compensation

Mr. William B. Berry, also known as Bill, B.Sc., M.Sc., serves as Chief Executive Officer and Director at Continental Resources, Inc. since January 01, 2020. He serves as Executive Vice President of Explor...


CEO Compensation Analysis

Compensation vs Market: Bill's total compensation ($USD29.23M) is above average for companies of similar size in the US market ($USD11.27M).

Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: CLR's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: CLR's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CLR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Continental Resources, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Continental Resources, Inc.
  • Ticker: CLR
  • Exchange: NYSE
  • Founded: 1967
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$13.211b
  • Shares outstanding: 361.26m
  • Website: https://www.clr.com

Number of Employees


Location

  • Continental Resources, Inc.
  • 20 North Broadway
  • Oklahoma City
  • Oklahoma
  • 73102
  • United States

Listings


Biography

Continental Resources, Inc. explores for, develops, and produces crude oil and natural gas primarily in the north, south, and east regions of the United States. The company sells its crude oil and natural ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/17 03:08
End of Day Share Price2021/06/16 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.