Continental Resources Inc. (NYSE:CLR) price is hovering higher on Wednesday, September 15, jumping 5.53% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $39.45, with intraday deals fluctuating between $39.09 and $41.0127. The company’s 5Y monthly beta was ticking 3.38 while its P/E ratio in the trailing 12-month period read 38.19. Taking into account the 52-week price action we note that the stock hit a 52-week high of $41.01 and 52-week low of $11.09. The stock added 7.76% on its value in the past month.
Continental Resources Inc., which has a market valuation of $14.07 billion, is expected to release its quarterly earnings report Nov 03, 2021 – Nov 08, 2021. The company stock has a Forward Dividend ratio of 0.44, while the dividend yield is 1.12%. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking CLR have forecast the quarterly EPS to grow by 1.15 per share this quarter, while the same analysts predict the annual EPS to hit $3.85 for the year 2021 and up to $3.49 for 2022. In this case, analysts estimate an annual EPS growth of 429.10% for the year and -9.40% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $1.37 billion, with the likely lows of $1.05 billion and highs of $1.48 billion. Staying with the analyst view, there is a consensus estimate of $5.13 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 98.50% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 2 upward and no downward reviews. On the technical perspective front, indicators give CLR a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 7.64. The overview shows that CLR’s price is at present 11.61% off the SMA20 and 15.09% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 67.52, with weekly volatility standing at 4.09%. The indicator jumps to 3.72% when calculated based on the past 30 days. Continental Resources Inc. (NYSE:CLR)’s beta value is holding at 3.40, while the average true range (ATR) indicator is currently reading 1.58.
Turning out attention to how the Continental Resources Inc. stock has performed in comparison to its peers in the industry, here’s what we find: CLR’s stock is 5.53% on the day and 198.86% in the past 12 months, while Northern Oil and Gas Inc. (NOG) traded 4.13% in the latest session and is positioned 215.76% up on its price 12 months ago. Another comparison is with EOG Resources Inc. (EOG) whose stock price is up 6.29% in the current trading session, and has flourished 79.74% over the past year. Also, Bonanza Creek Energy Inc. (BCEI) is currently showing up trend of 5.66% while its price kept floating at 125.46% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.24% in today’s early trading, with the Dow Jones Industrial also seeing a positive session on the day with 0.22%.
An analysis of the Continental Resources Inc. (NYSE:CLR) stock in terms of its daily trading volume indicates that the 3-month average is 1.72 million.
Current records show that the company has 361.35M in outstanding shares. The insiders’ percentage holdings are 4.20% of outstanding shares while the percentage share held by institutions stands at 13.70%. But the 142.02% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.