Continental Resources
Market Cap
US$6.6b
Last Updated
2020/07/02 23:53 UTC
Data Sources
Company Financials +
Executive Summary
Continental Resources, Inc. explores for, develops, and produces crude oil and natural gas properties primarily in the north, south, and east regions of the United States.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
12.4%
CLR
-0.7%
US Oil and Gas
1.6%
US Market
1 Year Return
-55.1%
CLR
-39.8%
US Oil and Gas
4.8%
US Market
Return vs Industry: CLR underperformed the US Oil and Gas industry which returned -39.8% over the past year.
Return vs Market: CLR underperformed the US Market which returned 4.8% over the past year.
Shareholder returns
| CLR | Industry | Market | |
|---|---|---|---|
| 7 Day | 12.4% | -0.7% | 1.6% |
| 30 Day | 27.0% | -6.8% | 2.3% |
| 90 Day | 101.5% | 24.6% | 29.5% |
| 1 Year | -55.0%-55.1% | -37.0%-39.8% | 7.1%4.8% |
| 3 Year | -40.0%-40.2% | -31.0%-38.3% | 37.1%28.1% |
| 5 Year | -51.8%-51.9% | -36.1%-46.4% | 67.2%48.6% |
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
1 month ago | Simply Wall St
A Rising Share Price Has Us Looking Closely At Continental Resources, Inc.'s (NYSE:CLR) P/E Ratio1 month ago | Simply Wall St
Should You Use Continental Resources's (NYSE:CLR) Statutory Earnings To Analyse It?2 months ago | Simply Wall St
A Rising Share Price Has Us Looking Closely At Continental Resources, Inc.'s (NYSE:CLR) P/E RatioValuation
Is Continental Resources undervalued compared to its fair value and its price relative to the market?
35.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CLR ($18.3) is trading below our estimate of fair value ($28.27)
Significantly Below Fair Value: CLR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CLR is poor value based on its PE Ratio (16.8x) compared to the Oil and Gas industry average (8.3x).
PE vs Market: CLR is poor value based on its PE Ratio (16.8x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: CLR is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: CLR is overvalued based on its PB Ratio (1x) compared to the US Oil and Gas industry average (0.7x).
Next Steps
Future Growth
How is Continental Resources forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
76.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CLR's forecast earnings growth (76.1% per year) is above the savings rate (2.2%).
Earnings vs Market: CLR's earnings (76.1% per year) are forecast to grow faster than the US market (22.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CLR's revenue (8% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: CLR's revenue (8% 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 low in 3 years time (7.8%).
Next Steps
Past Performance
How has Continental Resources performed over the past 5 years?
40.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CLR has a large one-off loss of $172.2M impacting its March 31 2010 financial results.
Growing Profit Margin: CLR's current net profit margins (10.1%) are lower than last year (21.5%).
Past Earnings Growth Analysis
Earnings Trend: CLR's earnings have grown significantly by 40% per year over the past 5 years.
Accelerating Growth: CLR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CLR had negative earnings growth (-57.2%) over the past year, making it difficult to compare to the Oil and Gas industry average (-21.6%).
Return on Equity
High ROE: CLR's Return on Equity (5.9%) is considered low.
Next Steps
Financial Health
How is Continental Resources's financial position?
Financial Position Analysis
Short Term Liabilities: CLR's short term assets ($1.3B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: CLR's short term assets ($1.3B) do not cover its long term liabilities ($7.9B).
Debt to Equity History and Analysis
Debt Level: CLR's debt to equity ratio (87.8%) is considered high.
Reducing Debt: CLR's debt to equity ratio has reduced from 140.3% to 87.8% over the past 5 years.
Debt Coverage: CLR's debt is well covered by operating cash flow (51.2%).
Interest Coverage: CLR's interest payments on its debt are well covered by EBIT (3.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Continental Resources's current dividend yield, its reliability and sustainability?
0.15%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CLR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CLR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CLR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CLR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: CLR is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CLR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
Bill Berry (67yo)
0.50
Tenure
US$100,188
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 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | no data | US$12.75m | 80.4% $5.3b | |
| CEO & Director | 0.50yr | US$100.19k | 0.29% $19.1m | |
| President & COO | 5.83yrs | US$5.76m | 0.23% $15.1m | |
| Senior VP | 14.67yrs | US$4.35m | 0.12% $7.6m | |
| Senior VP | 8.92yrs | US$2.52m | 0.055% $3.6m | |
| Senior Vice President of Operations | 0.50yr | US$3.08m | 0.065% $4.3m | |
| VP & Chief Accounting Officer | no data | no data | no data | |
| Vice President of Corporate Finance & Treasury | no data | no data | no data | |
| VP & Chief Information Officer | 4.33yrs | no data | no data | |
| Vice President of Investor Relations | 2.33yrs | no data | no data |
4.3yrs
Average Tenure
64.5yo
Average Age
Experienced Management: CLR's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | no data | US$12.75m | 80.4% $5.3b | |
| CEO & Director | 0.50yr | US$100.19k | 0.29% $19.1m | |
| Chief Culture Office | 2.17yrs | US$1.07m | 0.063% $4.2m | |
| Independent Lead Director | 3.17yrs | US$99.98k | 0.070% $4.6m | |
| Independent Director | 10.17yrs | US$94.60k | 0.013% $837.8k | |
| Independent Director | 14.42yrs | US$97.31k | 0.016% $1.1m | |
| Independent Director | 0.67yr | US$130.93k | 0.011% $746.8k |
4.7yrs
Average Tenure
67yo
Average Age
Experienced Board: CLR's board of directors are considered experienced (4.7 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 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$6.592b
- Shares outstanding: 360.21m
- Website: https://www.clr.com
Number of Employees
Location
- Continental Resources, Inc.
- 20 North Broadway
- Oklahoma City
- Oklahoma
- 73102
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CLR | NYSE (New York Stock Exchange) | Yes | Voting Common Shares | US | USD | May 2007 |
| C5L | DB (Deutsche Boerse AG) | Yes | Voting Common Shares | DE | EUR | May 2007 |
| CLR * | BMV (Bolsa Mexicana de Valores) | Yes | Voting Common Shares | MX | MXN | May 2007 |
Biography
Continental Resources, Inc. explores for, develops, and produces crude oil and natural gas properties 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, 2019, its proved reserves were 1,619 million barrels of crude oil equivalent (MMBoe) with estimated proved developed reserves of 707 MMBoe. Continental Resources, Inc. was founded in 1967 and is based in Oklahoma City, Oklahoma.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/02 23:53 |
| End of Day Share Price | 2020/07/02 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.