CLR Stock Overview
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.
Continental Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$45.45|
|52 Week High||US$55.48|
|52 Week Low||US$14.95|
|1 Month Change||-7.15%|
|3 Month Change||18.27%|
|1 Year Change||169.25%|
|3 Year Change||-0.59%|
|5 Year Change||-21.11%|
|Change since IPO||544.68%|
Recent News & Updates
Is Continental Resources, Inc. (NYSE:CLR) Expensive For A Reason? A Look At Its Intrinsic Value
Today we will run through one way of estimating the intrinsic value of Continental Resources, Inc. ( NYSE:CLR ) by...
Continental Resources: 2-Year Free Cash Flow May Reach $6 Billion
Continental Resources is benefiting from its lack of oil hedges. At current strip, it may be able to generate $6 billion in positive cash flow between 2021 and 2022. Longer-term oil and gas prices are lower (with 2023 strip at $69 oil and $3.60 natural gas). At longer-term $65 to $70 oil, Continental may be worth around $51 to $56 per share.
|CLR||US Oil and Gas||US Market|
Return vs Industry: CLR exceeded the US Oil and Gas industry which returned 46.7% over the past year.
Return vs Market: CLR exceeded the US Market which returned 21.3% over the past year.
|CLR Average Weekly Movement||7.1%|
|Oil and Gas Industry Average Movement||7.2%|
|Market Average Movement||6.0%|
|10% most volatile stocks in US Market||15.0%|
|10% least volatile stocks in US Market||2.3%|
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.
About the Company
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 gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. As of December 31, 2020, its proved reserves were 1,104 million barrels of crude oil equivalent (MMBoe) with proved developed reserves of 627 MMBoe.
Continental Resources Fundamentals Summary
|CLR fundamental statistics|
Is CLR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CLR income statement (TTM)|
|Cost of Revenue||US$603.53m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.30|
|Net Profit Margin||18.31%|
How did CLR perform over the long term?See historical performance and comparison
1.8%Current Dividend Yield
Is Continental Resources undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CLR ($45.45) is trading above our estimate of fair value ($42.49)
Significantly Below Fair Value: CLR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CLR is poor value based on its PE Ratio (19.8x) compared to the US Oil and Gas industry average (16x).
PE vs Market: CLR is poor value based on its PE Ratio (19.8x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: CLR is poor value based on its PEG Ratio (11.5x)
Price to Book Ratio
PB vs Industry: CLR is overvalued based on its PB Ratio (2.4x) compared to the US Oil and Gas industry average (2x).
How is Continental Resources forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CLR's forecast earnings growth (1.7% per year) is below the savings rate (2%).
Earnings vs Market: CLR's earnings (1.7% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: CLR's earnings are forecast to grow, but not significantly.
Revenue vs Market: CLR's revenue (2.3% per year) is forecast to grow slower than the US market (10.1% per year).
High Growth Revenue: CLR's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CLR's Return on Equity is forecast to be high in 3 years time (21.3%)
How has Continental Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CLR has high quality earnings.
Growing Profit Margin: CLR became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CLR has become profitable over the past 5 years, growing earnings by 5.1% per year.
Accelerating Growth: CLR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CLR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (8.3%).
Return on Equity
High ROE: CLR's Return on Equity (11.4%) is considered low.
How is Continental Resources's financial position?
Financial Position Analysis
Short Term Liabilities: CLR's short term assets ($2.0B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: CLR's short term assets ($2.0B) do not cover its long term liabilities ($6.9B).
Debt to Equity History and Analysis
Debt Level: CLR's net debt to equity ratio (56.1%) is considered high.
Reducing Debt: CLR's debt to equity ratio has reduced from 160.3% to 65.7% over the past 5 years.
Debt Coverage: CLR's debt is well covered by operating cash flow (67.8%).
Interest Coverage: CLR's interest payments on its debt are well covered by EBIT (5.4x coverage).
What is Continental Resources's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CLR's dividend (1.76%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: CLR's dividend (1.76%) is low compared to the top 25% of dividend payers in the US market (3.58%).
Stability and Growth of Payments
Stable Dividend: CLR has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: CLR's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (11.4%), CLR's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CLR's dividends in 3 years are forecast to be thoroughly covered by earnings (10.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Berry (68 yo)
Mr. William B. Berry, also known as Bill, B.Sc., M.Sc., serves as Chief Executive Officer and Director at Continental Resources, Inc. since January 01, 2020. He serves as Executive Vice President of Explor...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD29.23M) is above average for companies of similar size in the US market ($USD11.11M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Experienced Management: CLR's management team is considered experienced (4.3 years average tenure).
Experienced Board: CLR's board of directors are considered experienced (5.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CLR insiders have bought more shares than they have sold 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 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$16.343b
- Shares outstanding: 359.59m
- Website: https://www.clr.com
Number of Employees
- Continental Resources, Inc.
- 20 North Broadway
- Oklahoma City
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/27 23:06|
|End of Day Share Price||2021/11/26 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.