Insiders Don’t Lie: Jack Stark Sold 788 Shares of Continental Resources, Inc. (NYSE:CLR)

November 24, 2016 - By Vivian Park

Insiders Don't Lie: Jack Stark Sold 788 Shares of Continental Resources, Inc. (NYSE:CLR)

Jack Stark Insider Sell

Jack Stark; that is an insider in Continental Resources Inc who is the newest to sell shares in the firm for which he is the current President & COO. Jack in the last few days unloaded 788 shares of the company, worth $42,030 USD, that is a share price of exactly $53.3. This transaction was reported on November 23, 2016 and is already filed with the DC-based SEC. The original Form 4 is obtainable for free to the public here. And, It’s sure Jack’s deal isn’t going to remain unnoticed as he right now is having in hand 626,348 shares – ( 0.17% 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 “Overweight” rating given on Wednesday, December 9 by JP Morgan. Deutsche Bank maintained Continental Resources, Inc. (NYSE:CLR) on Wednesday, August 10 with “Buy” rating. Scotia Capital upgraded Continental Resources, Inc. (NYSE:CLR) on Saturday, August 15 to “Sector Perform” rating. The firm earned “Neutral” rating on Monday, June 6 by Credit Suisse. The firm earned “Sector Outperform” rating on Friday, August 14 by Howard Weil. The company was upgraded on Wednesday, April 13 by Deutsche Bank. The rating was upgraded by Tudor Pickering to “Buy” on Friday, January 15. Nomura maintained the shares of CLR in a report on Thursday, January 21 with “Buy” rating. Tudor Pickering upgraded Continental Resources, Inc. (NYSE:CLR) on Monday, January 18 to “Buy” rating. The rating was maintained by Nomura on Thursday, August 25 with “Buy”.

Insitutional Activity: The institutional sentiment is 1.08 in 2016 Q2. Its the same as in 2016Q1. The ratio has no 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.

Apg Asset Management Nv reported 66,196 shares or 0.01% of all its holdings. Moreover, Cornerstone Mngmt Holdg Ltd Liability Company has 0% invested in Continental Resources, Inc. (NYSE:CLR) for 5,439 shares. Art Advisors Ltd Liability has 34,661 shares for 0.08% of their US portfolio. Macquarie last reported 1,000 shares in the company. Shinko Asset Mngmt Communications has 289 shares for 0% of their US portfolio. Obermeyer Wood Inv Counsel Lllp last reported 5,855 shares in the company. Waddell & Reed Inc, a Kansas-based fund reported 3.81M shares. Comerica Financial Bank reported 12,322 shares or 0% of all its holdings. Teacher Retirement Systems Of Texas holds 6,660 shares or 0% of its portfolio. The Texas-based Qcm Cayman has invested 0.1% in Continental Resources, Inc. (NYSE:CLR). Gateway Advisers Ltd Liability Com holds 363,583 shares or 0.14% of its portfolio. Ladenburg Thalmann Finance Serv Inc has 0% invested in the company for 2,587 shares. Synovus Financial holds 0% or 2,885 shares in its portfolio. Ubs Oconnor Limited Liability holds 84,246 shares or 0% of its portfolio. Advisory Limited Liability has invested 0.01% of its portfolio in Continental Resources, Inc. (NYSE:CLR).

Insider Transactions: Since June 7, 2016, the stock had 0 insider purchases, and 11 insider sales for $3.22 million net activity. The insider Gould Gary E sold 5,000 shares worth $221,601. $433,201 worth of Continental Resources, Inc. (NYSE:CLR) was sold by Eissenstat Eric Spencer. McNabb John T II sold $221,959 worth of Continental Resources, Inc. (NYSE:CLR) on Friday, August 5. The insider Owen Steven K sold 4,000 shares worth $213,360. On Wednesday, September 21 the insider Hart John D sold $187,343. Stark Jack H had sold 788 shares worth $42,030 on Tuesday, November 22.

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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