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
Imperfect balance sheet with limited growth.
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.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
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.
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
5 days ago | Simply Wall StThe Continental Resources (NYSE:CLR) Share Price Has Gained 114%, So Why Not Pay It Some Attention?
3 weeks ago | Simply Wall StEllis McCain Is The Independent Director of Continental Resources, Inc. (NYSE:CLR) And They Just Sold 45% Of Their Shares
1 month ago | Simply Wall StContinental Resources (NYSE:CLR) Could Be A Buy For Its Upcoming Dividend
Is Continental Resources undervalued compared to its fair value and its price relative to the market?
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).
How is Continental Resources forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
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%).
How has Continental Resources performed over the past 5 years?
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.
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 ($6.9B).
Debt to Equity History and Analysis
Debt Level: CLR's debt to equity ratio (74.3%) is considered high.
Reducing Debt: CLR's debt to equity ratio has reduced from 161% to 74.3% over the past 5 years.
Debt Coverage: CLR's debt is well covered by operating cash flow (36.2%).
Interest Coverage: CLR is unprofitable, therefore interest payments are not well covered by earnings.
What is Continental Resources's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CLR's dividend (1.2%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.27%).
High Dividend: CLR's dividend (1.2%) is low compared to the top 25% of dividend payers in the US market (3.36%).
Stability and Growth of Payments
Stable Dividend: CLR has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: CLR's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: Unable to calculate sustainability of dividends as CLR has not reported any payouts.
Future Payout to Shareholders
Future Dividend Coverage: CLR's dividends in 3 years are forecast to be well covered by earnings (24.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Berry (67 yo)
Mr. William B. Berry, also known as Bill, B.Sc., M.Sc., serves as Chief Executive Officer and Director at Continental Resources, Inc. since January 01, 2020. He serves as Executive Vice President of Explor...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($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.
Experienced Management: CLR's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: CLR's board of directors are considered experienced (5.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Continental Resources, Inc.'s company bio, employee growth, exchange listings and data sources
- 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
- Continental Resources, Inc.
- 20 North Broadway
- Oklahoma City
- United States
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/17 03:08|
|End of Day Share Price||2021/06/16 00:00|
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.