Notable Insider Report: Continental Resources, Inc. (NYSE:CLR)’s SVP – Land Steven Owen Sold 4,000 Shares of the Company

November 23, 2016 - By olga

Notable Insider Report: Continental Resources, Inc. (NYSE:CLR)'s SVP   Land Steven Owen Sold 4,000 Shares of the Company

Steven Owen Insider Sell

Steven Owen, SVP – Land of Continental Resources Inc is the insider, our financial writers want to tell you for. Mr. Steven submitted a legally required form with the U.S. Security and Exchange Commission disclosing a transaction for 4,000 shares of the company, the one he is an insider in. At the time of the trading deal, the average market stock price of Continental Resources Inc was $53.3, making the shares block worth $213,360 US Dollars. Steven Owen right now has rights to 89,591 shares or 0.02% of Continental Resources Inc’s market cap.

Continental Resources, Inc. (NYSE:CLR) Ratings Coverage

Out of 28 analysts covering Continental Resources Inc. (NYSE:CLR), 19 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 68% are positive. $60 is the highest target while $14 is the lowest. The $40.50 average target is -24.11% below today’s ($53.37) stock price. Continental Resources Inc. has been the topic of 67 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Continental Resources, Inc. (NYSE:CLR) has “Buy” rating given on Thursday, January 21 by Nomura. The firm has “Outperform” rating given on Friday, August 5 by RBC Capital Markets. The stock has “Sector Outperform” rating given by Howard Weil on Monday, May 16. The firm earned “Outperform” rating on Friday, October 28 by BMO Capital Markets. Scotia Capital maintained it with “Outperform” rating and $17 target price in Monday, June 27 report. RBC Capital Markets maintained the shares of CLR in a report on Friday, November 6 with “Outperform” rating. JP Morgan initiated it with “Overweight” rating and $38 target price in Wednesday, December 9 report. The firm earned “Outperform” rating on Friday, March 18 by RBC Capital Markets. Capital One downgraded the stock to “Equal-Weight” rating in Wednesday, April 27 report. The rating was maintained by Canaccord Genuity with “Buy” on Wednesday, August 5.

Insitutional Activity: The institutional sentiment is 1.08 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, 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.

Hsbc Public Limited Com owns 37,169 shares or 0% of their US portfolio. Springbok Capital Ltd holds 0.62% or 98,330 shares in its portfolio. Rafferty Asset Mngmt Limited Liability reported 9,363 shares or 0.03% of all its holdings. Wells Fargo & Mn holds 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR) for 80,625 shares. Winfield Assoc last reported 0% of its portfolio in the stock. Brown Advisory has 0% invested in the company for 17,220 shares. The Michigan-based Ls Invest Advsrs Limited Liability Co has invested 0.01% in Continental Resources, Inc. (NYSE:CLR). Moreover, Stifel Fincl has 0% invested in Continental Resources, Inc. (NYSE:CLR) for 6,165 shares. Moreover, Horizon Kinetics Limited Co has 0.63% invested in Continental Resources, Inc. (NYSE:CLR) for 557,345 shares. Texas Capital State Bank Tx, a Texas-based fund reported 8,600 shares. Gabelli Funds Limited Liability owns 66,000 shares or 0.02% of their US portfolio. Essex Inv Mgmt Limited Liability accumulated 0.77% or 101,939 shares. Finemark Comml Bank & Tru holds 0.01% of its portfolio in Continental Resources, Inc. (NYSE:CLR) for 1,500 shares. Obermeyer Wood Inv Counsel Lllp holds 0.03% of its portfolio in Continental Resources, Inc. (NYSE:CLR) for 5,855 shares. Teachers Advsrs Inc has 2.26 million shares for 0.18% of their US portfolio.

Insider Transactions: Since June 7, 2016, the stock had 0 insider purchases, and 9 selling transactions for $2.97 million net activity. Gould Gary E sold 5,000 shares worth $251,250. Shares for $590,878 were sold by Stark Jack H on Friday, August 26. The insider Owen Steven K sold 3,200 shares worth $148,918. The insider McNabb John T II sold 5,000 shares worth $221,959. 4,000 shares were sold by Hart John D, worth $187,343 on Wednesday, September 21. Eissenstat Eric Spencer sold $339,285 worth of stock or 6,635 shares.

The stock decreased 0.32% or $0.17 during the last trading session, hitting $53.37. About 1.32M shares traded hands. Continental Resources, Inc. (NYSE:CLR) has risen 45.33% since April 21, 2016 and is uptrending. It has outperformed by 40.00% the S&P500.

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 $19.94 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.

According to Zacks Investment Research, “CONTINENTAL RESOURCES is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The Company focuses its operations in large new and developing plays where horizontal drilling, advanced fracture stimulation and enhanced recovery technologies provide the means to economically develop and produce oil and natural gas reserves from unconventional formations.”

Analysts await Continental Resources, Inc. (NYSE:CLR) to report earnings on February, 22. They expect $-0.10 EPS, up 56.52% or $0.13 from last year’s $-0.23 per share. After $-0.22 actual EPS reported by Continental Resources, Inc. for the previous quarter, Wall Street now forecasts -54.55% EPS growth.

More news for Continental Resources, Inc. (NYSE:CLR) were recently published by: Wsj.com, which released: “Continental Resources Loss Widens” on November 02, 2016. Newsok.com‘s article titled: “Hamm stays committed to Continental Resources” and published on November 10, 2016 is yet another important article.

CLR Company Profile

Continental Resources, Inc., incorporated on November 16, 1967, 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 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. 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 (SCOOP), Sooner Trend Anadarko Canadian Kingfisher (STACK), Northwest Cana and Arkoma Woodford areas of Oklahoma. The East region includes undeveloped leasehold acreage east of the Mississippi River. The Company’s estimated proved reserves are approximately 1,230 million barrels of crude oil equivalent (MMBoe) with estimated proved developed reserves of over 520 MMBoe. The Company’s crude oil production is sold to crude oil refining companies at market centers.

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