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CLR

Continental ResourcesNYSE:CLR Stock Report

Market Cap

US$16.3b

7D

0.8%

1Y

169.3%

Updated

27 Nov, 2021

Data

Company Financials +
CLR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance3/6
Financial Health4/6
Dividends3/6

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

ConocoPhillips

NYSE:COP

US$94.3b

EOG Resources

NYSE:EOG

US$51.1b

Pioneer Natural Resources

NYSE:PXD

US$44.4b

Devon Energy

NYSE:DVN

US$28.9b

Price History & Performance

Summary of all time highs, changes and price drops for Continental Resources
Historical stock prices
Current Share PriceUS$45.45
52 Week HighUS$55.48
52 Week LowUS$14.95
Beta3.14
1 Month Change-7.15%
3 Month Change18.27%
1 Year Change169.25%
3 Year Change-0.59%
5 Year Change-21.11%
Change since IPO544.68%

Recent News & Updates

Oct 30
Is Continental Resources, Inc. (NYSE:CLR) Expensive For A Reason? A Look At Its Intrinsic Value

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...

Oct 26

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.

Shareholder Returns

CLRUS Oil and GasUS Market
7D0.8%1.4%-2.7%
1Y169.3%46.7%21.3%

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.

Price Volatility

Is CLR's price volatile compared to industry and market?
CLR volatility
CLR Average Weekly Movement7.1%
Oil and Gas Industry Average Movement7.2%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

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

FoundedEmployeesCEOWebsite
19671,201Bill Berryhttps://www.clr.com

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

How do Continental Resources's earnings and revenue compare to its market cap?
CLR fundamental statistics
Market CapUS$16.34b
Earnings (TTM)US$825.80m
Revenue (TTM)US$4.51b

19.8x

P/E Ratio

3.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CLR income statement (TTM)
RevenueUS$4.51b
Cost of RevenueUS$603.53m
Gross ProfitUS$3.91b
ExpensesUS$3.08b
EarningsUS$825.80m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.30
Gross Margin86.62%
Net Profit Margin18.31%
Debt/Equity Ratio65.7%

How did CLR perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

11%

Payout Ratio

Valuation

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

19.79x

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).


Future Growth

How is Continental Resources forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

1.7%

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%)


Past Performance

How has Continental Resources performed over the past 5 years?

5.1%

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.


Financial Health

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).


Balance Sheet


Dividend

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

1.76%

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).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Bill Berry (68 yo)

1.83yrs

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 ($USD29.23M) is above average for companies of similar size in the US market ($USD11.11M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CLR's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: CLR's board of directors are considered experienced (5.5 years average tenure).


Ownership

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

Ownership Breakdown

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


Top Shareholders

Company Information

Continental Resources, Inc.'s 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$16.343b
  • Shares outstanding: 359.59m
  • Website: https://www.clr.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 23:06
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
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.