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Continental Resources (CLR) is a Top-Ranked Value Stock: Should You Buy?

·2 min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why Investors Should Pay Attention to This Value Stock

Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.

Continental Resources (CLR)

Formed in 1967, Oklahoma City, OK-based Continental Resources, Inc. is an explorer and producer of oil and natural gas. The company operates resources across the East, South and North areas in the United States.

CLR sits at a Zacks Rank #2 (Buy), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Oil and Gas - Exploration and Production - United States industry's P/E of 4.2X, shares of Continental Resources are trading at a forward P/E of 5.4X. CLR also has a PEG Ratio of 0.2, a Price/Cash Flow ratio of 6.7X, and a Price/Sales ratio of 3.8X.

Many value investors pay close attention to a company's earnings as well. For CLR, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.84 to $12.19 per share for 2022. Per share CLR boasts an average earnings surprise of 17.5%.

Investors should take the time to consider CLR for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.


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