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CLR $74.27

CLR target price
74.27
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Continental Resources, Inc.
Type
Public company
Traded as NYSE: CLR
Industry Petroleum
Predecessor Shelly Dean Oil Co.
Founder Harold Hamm
Headquarters Oklahoma City, Oklahoma
Key people
Harold Hamm, CEO
Products Petroleum
Natural Gas
Production output
216 thousand barrels of oil equivalent (1,320,000 GJ) per day (2016)
Revenue Decrease $1.980 billion (2016)
Net income
Decrease -$0.399 billion (2016)
Total assets Decrease $13.811 billion (2016)
Total equity Decrease $4.301 billion (2016)
Number of employees
1,080 (2016)
Website www.contres.com

Continental Resources, Inc. is an American petroleum and natural gas exploration and production company based in Oklahoma City.

The company has large holdings in the Bakken formation in North Dakota and Montana, the Niobara formation, the Anadarko Basin, and the Red River Units formation of North Dakota, South Dakota, Montana, and Wyoming.

In 2016, total production was 216 thousand barrels of oil equivalent (1,320,000 GJ) per day, of which 65% was petroleum and 35% was natural gas.

In 1967, Harold Hamm founded Shelly Dean Oil Co., Continental’s predecessor.

In 1990, the company was renamed Continental Resources.

In 1995, the company discovered what was later described as the Cedar Hills Field in North Dakota, the 7th largest onshore field in the lower 48 United States ranked by liquid proved reserves, and was the first to develop it exclusively through precision horizontal drilling.

In 2003, the company drilled its first wells in the Bakken formation.

In 2004, the company completed the Robert Heuer 1-17R in Divide County, the 1st commercially successful well in the North Dakota Bakken to be both horizontally drilled and completed using hydraulic fracturing.

In 2007, the company became a public company via an initial public offering in which Harold Hamm sold approximately $300 million worth of his shares.

In 2008, the company was the first to complete a horizontal well in the Three Forks zone.

In 2010, Continental introduced the ECO-Pad® drilling technique, which involves drilling 4 wells from 1 pad. This reduced the cost of drilling and increased production output.

In 2012, the company moved its headquarters to Oklahoma City.

In 2016, the company sold assets in North Dakota And Montana for $222 million.

In 2017, the company sold 26,000 acres in the Arkoma Basin for $68 million.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-01 Future report Set alerts
Q2 2022 2022-07-28 3.47 3.47
Q1 2022 2022-05-04 2.65 2.65
Q4 2021 2022-02-14 1.79 1.79
Q3 2021 2021-11-03 1.20 1.20
Q2 2021 2021-08-02 0.91 0.91
Q1 2021 2021-04-28 0.77 0.77
Q4 2020 2021-02-16 -0.23 -0.23
Q3 2020 2020-11-05 0.00 0.00
Q2 2020 2020-08-03 -0.71 -0.66

Ratings

2016-06-28 Reiterated Rating Scotiabank Outperform $17.00
2016-06-22 Boost Price Target Scotiabank Outperform $15.00 to $17.00
2016-06-20 Boost Price Target Canaccord Genuity Buy $50.00
2016-06-14 Boost Price Target Deutsche Bank Buy $48.00 to $50.00
2016-06-14 Boost Price Target Deutsche Bank AG Buy $48.00 to $50.00
2016-06-06 Initiated Coverage Credit Suisse Neutral $43.00
2016-06-06 Initiated Coverage Credit Suisse Group AG Neutral $43.00
2016-05-25 Reiterated Rating Nomura Buy $25.00 to $50.00
2016-05-25 Reiterated Rating Nomura Holdings Inc. Buy $25.00 to $50.00
2016-05-18 Boost Price Target Simmons Neutral $32.00 to $37.00
2016-05-16 Downgrade Scotiabank Focus List to Outperform $14.50 to $15.00
2016-05-16 Downgrade Howard Weil Focus Stock to Sector Outperform
2016-05-06 Boost Price Target Wunderlich Buy $40.00 to $50.00
2016-05-05 Upgrade BMO Capital Markets Neutral to Buy $39.58 to $37.00
2016-05-05 Upgrade Raymond James Outperform to Strong-Buy $42.00 to $50.00
2016-05-05 Upgrade Raymond James Financial Inc. Outperform to Strong-Buy $42.00 to $50.00
2016-04-27 Downgrade Capital One Financial Corp. Overweight to Equal Weight
2016-04-13 Upgrade Deutsche Bank Hold to Buy $34.00 to $40.00
2016-04-06 Downgrade Stifel Nicolaus Buy to Hold
2016-03-31 Reiterated Rating Stifel Nicolaus Buy $32.00 to $38.00
2016-03-31 Upgrade Seaport Global Securities Accumulate to Buy
2016-03-30 Upgrade Seaport Global Securities Accumulate to Buy $24.00 to $75.00
2016-03-28 Boost Price Target Scotiabank Outperform $13.50 to $15.00
2016-03-24 Reiterated Rating Deutsche Bank Hold
2016-03-23 Boost Price Target Deutsche Bank $24.00 to $34.00
2016-03-18 Initiated Coverage RBC Capital Outperform $35.00
2016-03-18 Initiated Coverage Royal Bank Of Canada Outperform $35.00
2016-03-12 Reiterated Rating Deutsche Bank Hold
2016-03-08 Reiterated Rating Susquehanna Positive
2016-03-02 Boost Price Target Jefferies Group Underperform $20.00
2016-02-29 Upgrade Stephens Equal Weight to Overweight
2016-02-29 Boost Price Target Stifel Nicolaus Buy $25.00 to $28.00
2016-02-26 Upgrade Howard Weil Sector Outperform to Focus Stock
2016-02-26 Upgrade Scotiabank Outperform to Focus Stock
2016-02-24 Reiterated Rating Canaccord Genuity Buy $42.00
2016-02-05 Lower Price Target Robert W. Baird $34.00 to $19.00
2016-02-03 Boost Price Target Deutsche Bank $22.00 to $23.00
2016-02-02 Boost Price Target JPMorgan Chase & Co. Overweight $24.00 to $26.00
2016-01-28 Lower Price Target Barclays Equal Weight $25.00 to $19.00
2016-01-28 Reiterated Rating Canaccord Genuity Buy $42.00
2016-01-28 Lower Price Target Barclays PLC Equal Weight $25.00 to $19.00
2016-01-27 Lower Price Target JPMorgan Chase & Co. Overweight $38.00 to $24.00
2016-01-27 Lower Price Target Jefferies Group Underperform $18.00 to $15.00
2016-01-26 Lower Price Target Susquehanna Positive $36.00 to $29.00
2016-01-21 Lower Price Target Nomura Buy $41.00 to $25.00
2016-01-21 Lower Price Target Deutsche Bank Hold $27.00 to $22.00
2016-01-19 Reiterated Rating Scotiabank Sector Perform to Outperform $14.00
2016-01-19 Lower Price Target KLR Group $59.00 to $46.00
2016-01-15 Upgrade Tudor Pickering Hold to Buy
2016-01-13 Upgrade Seaport Global Securities Neutral to Accumulate $35.00 to $24.00
2016-01-07 Reiterated Rating Deutsche Bank Hold $27.00
2016-01-05 Upgrade Evercore ISI Hold to Buy $41.00
2016-01-05 Upgrade Bank of America Neutral to Buy $38.00
2016-01-05 Upgrade Bank of America Corp. Neutral to Buy $38.00
2015-12-14 Initiated Coverage SunTrust Neutral $30.00
2015-12-14 Initiated Coverage SunTrust Banks Inc. Neutral $30.00
2015-12-10 Reiterated Rating JPMorgan Chase & Co. Buy
2015-12-09 Reiterated Rating Deutsche Bank Hold $37.00 to $35.00
2015-12-09 Initiated Coverage JPMorgan Chase & Co. Overweight $38.00
2015-12-08 Boost Price Target Barclays Equal Weight $32.00 to $35.00
2015-12-03 Reiterated Rating Scotiabank Sector Perform
2015-12-02 Boost Price Target Jefferies Group Underperform $30.00 to $31.00
2015-12-01 Reiterated Rating Guggenheim Buy
2015-11-12 Boost Price Target Guggenheim $42.00 to $44.00
2015-11-11 Boost Price Target Susquehanna Positive $39.00 to $42.00
2015-11-09 Boost Price Target Barclays Equal Weight $31.00 to $32.00
2015-11-06 Boost Price Target Raymond James Outperform $41.00
2015-11-06 Boost Price Target RBC Capital Outperform $37.00 to $38.00
2015-11-06 Upgrade Wunderlich Hold to Buy $32.00 to $45.00
2015-11-05 Reiterated Rating Canaccord Genuity Buy $52.00
2015-11-03 Lower Price Target Deutsche Bank $38.00 to $37.00
2015-10-21 Lower Price Target Robert W. Baird $31.00 to $30.00
2015-10-15 Lower Price Target KLR Group $69.00 to $59.00
2015-10-14 Reiterated Rating Deutsche Bank Hold $40.00 to $38.00
2015-10-07 Lower Price Target BMO Capital Markets $53.00 to $40.00
2015-10-06 Initiated Coverage Stephens Equal Weight $34.00
2015-09-17 Reiterated Rating Canaccord Genuity Buy $52.00
2015-09-15 Lower Price Target Cowen and Company Market Perform $56.00 to $30.00
2015-09-11 Lower Price Target Jefferies Group $26.00
2015-09-11 Lower Price Target Canaccord Genuity Buy $57.00 to $53.00
2015-09-09 Reiterated Rating Deutsche Bank Hold $40.00
2015-09-09 Upgrade Capital One Financial Corp. Equal Weight to Overweight $36.00
2015-09-09 Lower Price Target Wunderlich Hold $35.00 to $32.00
2015-09-08 Lower Price Target Barclays Equal Weight $34.00 to $31.00
2015-08-24 Lower Price Target Susquehanna Positive $47.00 to $39.00
2015-08-24 Downgrade Bank of America Buy to Neutral $70.00 to $44.00
2015-08-15 Upgrade Scotiabank Sector Perform to Sector Outperform $58.00
2015-08-14 Upgrade Howard Weil Sector Perform to Sector Outperform $58.00
2015-08-10 Upgrade CLSA Sell to Outperform
2015-08-10 Upgrade Credit Agricole Sell to Outperform
2015-08-10 Upgrade Credit Agricole SA Sell to Outperform
2015-08-07 Reiterated Rating RBC Capital Outperform $52.00 to $45.00
2015-08-05 Reiterated Rating Canaccord Genuity Buy $57.00
2015-07-21 Lower Price Target Global Hunter Securities Neutral $50.00 to $40.00
2015-07-21 Lower Price Target Seaport Global Securities Neutral $50.00 to $40.00
2015-07-20 Lower Price Target Susquehanna Positive $53.00 to $47.00
2015-07-14 Reiterated Rating Deutsche Bank Hold $55.00 to $48.00
2015-07-13 Boost Price Target Barclays Equal Weight $31.00 to $37.00
2015-07-07 Lower Price Target Jefferies Group $34.00
2015-06-04 Boost Price Target Deutsche Bank Hold $54.00 to $55.00
2015-06-02 Initiated Coverage Evercore Partners Inc. Hold $52.00
2015-06-01 Initiated Coverage Evercore ISI Hold $52.00
2015-05-18 Upgrade Goldman Sachs Neutral to Buy $46.00 to $60.00
2015-05-18 Upgrade Goldman Sachs Group Inc. Neutral to Buy $46.00 to $60.00
2015-05-15 Upgrade Ladenburg Thalmann Neutral to Buy $50.00 to $65.00
2015-05-13 Boost Price Target Robert W. Baird Neutral $44.00 to $50.00
2015-04-28 Downgrade Global Hunter Securities Accumulate to Neutral
2015-04-28 Downgrade Seaport Global Securities Accumulate to Neutral
2015-04-27 Initiated Coverage Cowen and Company Market Perform $56.00
2015-04-24 Boost Price Target Jefferies Group Underweight $39.00 to $41.00
2015-04-22 Initiated Coverage Nomura Buy $61.00
2015-04-06 Reiterated Rating Deutsche Bank Hold $45.00 to $46.00
2015-03-30 Upgrade Societe Generale Hold to Buy $52.00 to $50.00
2015-03-02 Lower Price Target Barclays Equal Weight $32.00 to $31.00
2015-02-26 Boost Price Target RBC Capital Outperform $49.00 to $52.00
2015-02-25 Reiterated Rating Canaccord Genuity Buy $54.00
2015-02-06 Initiated Coverage Jefferies Group Underperform
2015-02-04 Boost Price Target Canaccord Genuity Buy $45.00 to $54.00
2015-02-03 Downgrade Global Hunter Securities Buy to Accumulate
2015-02-03 Downgrade Seaport Global Securities Buy to Accumulate
2015-02-02 Downgrade Howard Weil Sector Outperform to Sector Perform $62.00 to $50.00
2015-01-30 Reiterated Rating Deutsche Bank Hold $46.00 to $45.00
2015-01-14 Downgrade Barclays Overweight to Equal Weight $42.00 to $32.00
2015-01-06 Lower Price Target Deutsche Bank Hold $67.00 to $46.00
2014-12-23 Lower Price Target Stifel Nicolaus Buy $55.00 to $50.00
2014-12-18 Initiated Coverage Guggenheim Buy
2014-12-16 Lower Price Target Barclays Overweight $70.00 to $44.00
2014-12-11 Reiterated Rating Deutsche Bank Hold $73.00 to $67.00
2014-12-01 Reiterated Rating Barrington Research Outperform $85.00 to $62.00
2014-11-28 Downgrade Ladenburg Thalmann Buy to Neutral $90.00 to $57.00
2014-11-07 Reiterated Rating Canaccord Genuity Buy $90.00 to $84.00
2014-11-06 Reiterated Rating Stifel Nicolaus Buy $75.00 to $65.00
2014-11-06 Downgrade Credit Agricole Outperform to Sell
2014-10-28 Upgrade Tudor Pickering Hold
2014-10-28 Lower Price Target RBC Capital Outperform $72.00 to $60.00
2014-10-27 Downgrade Goldman Sachs Buy to Neutral $84.00 to $63.00
2014-10-23 Initiated Coverage Susquehanna Positive $75.00
2014-10-22 Reiterated Rating Wunderlich Hold $80.00 to $65.00
2014-10-09 Reiterated Rating Barclays Overweight $88.00 to $79.00
2014-09-22 Reiterated Rating Wunderlich Hold $80.00
2014-09-22 Boost Price Target Canaccord Genuity Buy $92.00 to $95.00
2014-09-22 Reiterated Rating Barclays Overweight $86.00 to $88.00
2014-09-22 Upgrade KLR Group Accumulate to Buy
2014-09-19 Upgrade Global Hunter Securities Neutral to Buy $77.00 to $85.00
2014-09-19 Reiterated Rating Bank of America Buy $93.00 to $95.00
2014-09-19 Lower Price Target RBC Capital Outperform $74.00 to $72.00
2014-09-19 Upgrade Seaport Global Securities Neutral to Buy $77.00 to $85.00
2014-09-15 Initiated Coverage Cann Buy $92.00
2014-09-15 Initiated Coverage Canaccord Genuity Buy $92.00
2014-09-12 Boost Price Target Wunderlich Hold $72.50 to $80.00
2014-09-12 Reiterated Rating JPMorgan Chase & Co. Overweight $171.00 to $85.50
2014-09-10 Reiterated Rating Barclays Overweight $172.00 to $86.00
2014-09-08 Lower Price Target Raymond James $87.50 to $86.50
2014-08-12 Boost Price Target Global Hunter Securities $74.50 to $77.00
2014-08-12 Boost Price Target Seaport Global Securities $74.50 to $77.00
2014-08-07 Boost Price Target RBC Capital Outperform $69.00 to $74.00
2014-07-21 Reiterated Rating JPMorgan Chase & Co. Overweight $77.00 to $85.50
2014-07-18 Reiterated Rating Deutsche Bank Hold $75.00 to $85.50
2014-07-10 Boost Price Target Howard Weil Sector Outperform $83.00 to $89.50
2014-06-25 Boost Price Target KLR Group Accumulate $4.50 to $83.00
2014-06-23 Boost Price Target SunTrust Neutral $60.50 to $70.50
2014-06-23 Reiterated Rating Bank of America Buy
2014-06-18 Downgrade Capital One Financial Corp. Overweight to Equal Weight
2014-06-11 Reiterated Rating Deutsche Bank Hold $64.00 to $75.00
2014-05-20 Boost Price Target Barclays Overweight $71.50 to $74.50
2014-05-13 Boost Price Target Robert W. Baird $69.00 to $70.00
2014-05-12 Boost Price Target KLR Group $1.00 to $78.50
2014-05-12 Lower Price Target SunTrust $61.00 to $60.50
2014-05-09 Boost Price Target RBC Capital Outperform $61.00 to $69.00
2014-05-06 Downgrade Societe Generale Buy to Hold $64.50 to $71.50
2014-04-23 Boost Price Target Raymond James $67.50 to $77.50
2014-04-23 Boost Price Target Jefferies Group $75.50
2014-04-22 Lower Price Target Barclays Overweight $72.00 to $71.50
2014-04-01 Boost Price Target Deutsche Bank $60.50 to $64.00
2014-03-31 Downgrade KLR Group Buy to Accumulate $74.50
2014-03-28 Boost Price Target Cowen and Company $60.00 to $70.00
2014-03-07 Boost Price Target Barclays Overweight $69.00 to $72.00
2014-03-06 Downgrade UBS Buy to Neutral $124 to $130
2014-03-03 Reiterated Rating KLR Group Buy $2.00 to $74.50
2014-02-04 Boost Price Target Societe Generale $62.50 to $64.50
2014-01-17 Reiterated Rating SunTrust Neutral $63.00 to $60.50
2014-01-13 Initiated Coverage BMO Capital Markets Outperform
2014-01-07 Upgrade Bank of America Neutral to Buy
2013-12-09 Downgrade Deutsche Bank Buy to Hold $64.00 to $60.50
2013-12-03 Initiated Coverage Barclays Overweight to Overweight $69.00
2013-11-12 Boost Price Target SunTrust Neutral $60.00 to $63.00
2013-11-07 Boost Price Target Raymond James Outperform $59.00 to $65.00
2013-11-07 Reiterated Rating Global Hunter Securities Hold $60.00
2013-11-07 Boost Price Target Deutsche Bank Buy $60.00 to $64.00
2013-10-23 Downgrade Global Hunter Securities Buy to Neutral $60.00
2013-10-23 Boost Price Target Wunderlich $47.50 to $60.00
2013-10-21 Downgrade Evercore ISI Strong-Buy to Buy
2013-10-18 Boost Price Target Robert W. Baird Neutral $55.50 to $62.50
2013-10-10 Boost Price Target Cowen and Company Outperform $57.50 to $60.00
2013-10-03 Boost Price Target SunTrust Neutral $56.00 to $60.00
2013-10-02 Reiterated Rating Goldman Sachs Buy $65.00
2013-10-02 Reiterated Rating SunTrust Hold $56.00
2013-10-02 Boost Price Target Societe Generale Buy $56.00 to $62.50
2013-10-02 Boost Price Target Deutsche Bank Buy $56.00 to $60.00
2013-09-24 Initiated Coverage Goldman Sachs Buy $65.00
2013-09-11 Reiterated Stifel Buy $100 to $115
2013-09-11 Reiterated Howard Weil Sector Outperform $136 to $150
2013-09-11 Reiterated Deutsche Bank Buy $105 to $112
2013-08-08 Reiterated Howard Weil Sector Outperform $130 to $136
2013-03-15 Reiterated Cowen Buy $80 to $110
2012-12-03 Upgrade Stifel Nicolaus Hold to Buy
2016-06-28 Reiterated Rating Scotiabank Outperform $17.00
2016-06-22 Boost Price Target Scotiabank Outperform $15.00 to $17.00
2016-06-20 Boost Price Target Canaccord Genuity Buy $50.00
2016-06-14 Boost Price Target Deutsche Bank Buy $48.00 to $50.00
2016-06-14 Boost Price Target Deutsche Bank AG Buy $48.00 to $50.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Harold Hamm Family LLC 152.12%  (283116538) CLR /
Hamm Harold CEO & Chairman 0.76%  (1419859) CLR /
Stark Jack H SVP, Exploration 0.19%  (361659) CLR /
Hart John D Sr. VP & CFO 0.17%  (324649) CLR /
MONROE MARK E 0.13%  (248563) CLR / RRMS /
Hume Jeff B Vice Chairman of SGI 0.11%  (196311) CLR /
Gould Gary E SVP, Operations & Resource Dev 0.10%  (178876) CLR /
Eissenstat Eric Spencer SVP, General Counsel & Sec 0.09%  (169896) CLR /
Bent Pat SVP, Drilling 0.08%  (152547) CLR /
Owen Steven K SVP, Land 0.06%  (120877) CLR /
Bott Winston F. President & COO 0.04%  (81370) CLR /
Rangel Ramiro F SVP, Marketing 0.04%  (66830) CLR /
MCCAIN ELLIS L 0.03%  (61395) CLR / CQP / GULF / MCF /
BERRY WILLIAM B 0.03%  (54617) ACMP / CLR / FI / OII / WG /
McNabb John T II 0.02%  (41617) CELP / CLR /
Bayardo Jose A SVP, Business Development 0.01%  (22565) CLR / NOV /
Muncrief Richard E SVP, Operations 0.01%  (21745) APAGF / CLR / WPX /
Grant Robert J 0.01%  (19872) CLR /
Schafer Edward T 0.01%  (18050) CLR /
Gallogly James L 0.01%  (16209) CLR / DD / LYB /