In today’s session Continental Resources, Inc. (CLR) recorded an unusually high (3,000) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious CLR decrease. With 3,000 contracts traded and 1324 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: CLR170120P00043000 closed last at: $2 or 9.1% down. About 1.38 million shares traded hands. Continental Resources, Inc. (NYSE:CLR) has risen 130.55% since March 1, 2016 and is uptrending. It has outperformed by 121.31% the S&P500.
Analysts await Continental Resources, Inc. (NYSE:CLR) to report earnings on November, 2. They expect $-0.11 earnings per share, up 8.33% or $0.01 from last year’s $-0.12 per share. After $-0.18 actual earnings per share reported by Continental Resources, Inc. for the previous quarter, Wall Street now forecasts -38.89% EPS growth.
Continental Resources, Inc. (NYSE:CLR) Ratings Coverage
Out of 26 analysts covering Continental Resources Inc. (NYSE:CLR), 16 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 62% are positive. $59 is the highest target while $14 is the lowest. The $39.50 average target is -24.32% below today’s ($52.19) stock price. Continental Resources Inc. has been the topic of 63 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, June 14 the stock rating was maintained by Deutsche Bank with “Buy”. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Equal-Weight” rating by Capital One on Wednesday, April 27. KLR Group downgraded the stock to “Accumulate” rating in Monday, July 18 report. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Sector Outperform” rating by Howard Weil on Friday, August 14. The firm has “Outperform” rating given on Monday, August 10 by Credit Agricole. Wells Fargo initiated the shares of CLR in a report on Tuesday, August 16 with “Outperform” rating. On Wednesday, December 9 the stock rating was maintained by Deutsche Bank with “Hold”. Deutsche Bank maintained the shares of CLR in a report on Wednesday, August 10 with “Buy” rating. The stock has “Neutral” rating given by Credit Suisse on Monday, June 6. The firm has “Sector Outperform” rating by Howard Weil given on Monday, May 16.
Insitutional Activity: The institutional sentiment is 1.08 in 2016 Q2. Its the same as in 2016Q1. The ratio is the same, as 43 funds sold all Continental Resources, Inc. shares owned while 105 reduced positions. only 61 funds bought stakes while 99 increased positions. They now own 86.18 million shares or 0.46% less from 86.58 million shares in 2016Q1.
Profund Advsrs Ltd Com, a Maryland-based fund reported 5,441 shares. Guild Inv has 28,100 shares for 2.36% of their US portfolio. State Street Corporation last reported 2.65M shares in the company. Moreover, California State Teachers Retirement System has 0.02% invested in Continental Resources, Inc. (NYSE:CLR) for 186,283 shares. Royal Savings Bank Of Canada has 0.02% invested in the company for 659,163 shares. Oregon Public Employees Retirement Fund accumulated 1,200 shares or 0% of the stock. Archford Capital Strategies Ltd Llc last reported 0.01% of its portfolio in the stock. Lombard Odier Asset (Europe), a United Kingdom-based fund reported 22,740 shares. Hbk Limited Partnership, a Texas-based fund reported 72,363 shares. Impact Ltd last reported 0.31% of its portfolio in the stock. Vollero Beach Partners Ltd Com holds 1.46% of its portfolio in Continental Resources, Inc. (NYSE:CLR) for 141,471 shares. Diam Ltd accumulated 0.01% or 9,968 shares. California Pub Employees Retirement System accumulated 0.02% or 254,500 shares. Tci Wealth Advisors accumulated 142 shares or 0% of the stock. Advsr Asset Management reported 74,878 shares or 0.05% of all its holdings.
Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 10 insider sales for $3.44 million net activity. Gould Gary E had sold 5,000 shares worth $221,601 on Friday, August 5. Stark Jack H sold $590,878 worth of stock. 4,000 shares were sold by Hart John D, worth $187,343. The insider McNabb John T II sold $221,959. BOREN DAVID L sold $205,502 worth of stock. Brown Glen A sold 15,000 shares worth $609,357. Shares for $148,918 were sold by Owen Steven K on Wednesday, September 21.
Continental Resources, Inc. is an independent natural gas and crude oil exploration and production firm with properties in the North, South and East regions of the United States. The company has a market cap of $19.93 billion. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units. It currently has negative earnings. The South region includes Kansas and all properties south of Kansas and west of the Mississippi River, including various plays in the South Central Oklahoma Oil Province , Sooner Trend Anadarko Canadian Kingfisher (STACK), Northwest Cana and Arkoma Woodford areas of Oklahoma.
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