|Bid||0.00 x 1300|
|Ask||67.49 x 900|
|Day's Range||63.03 - 65.28|
|52 Week Range||32.04 - 69.91|
|PE Ratio (TTM)||23.12|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||74.83|
Oil markets took a breather at the end of the week as new supply from Russia and Saudi Arabia calmed fears of a tightening market, but there are plenty of bullish catalysts on the horizon
For months, Greenlight Capital CEO David Einhorn has been mourning his “luck,” in preferring value stocks over growth. Stocks like Amazon are getting a bubble valuation. Einhorn made enough in Continental Resources (NYSE:CLR), an oil and gas company, to offset his losses in Tesla.
Continental Resources, the U.S. shale producer controlled by billionaire Harold Hamm, expects its output to grow by 15 to 20 percent next year, with much of that increase weighted toward oil, executives said on Wednesday. About 90 percent to 95 percent of the drilling and completion capital expenditures through year-end will be devoted to oil rather than natural gas production, executives told analysts during a quarterly post-earnings call. The jump is benefiting companies like Continental that have a heavy footprint in the Bakken, a formation hard-hit by the 2014 downturn in oil prices.
NEW YORK, NY / ACCESSWIRE / August 8, 2018 / Continental Resources, Inc. (NYSE: CLR ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 8, 2018 at 12:00 PM Eastern ...
Continental Resources (CLR) registers a year-over-year increase in production from the North Dakota Bakken in the second quarter of 2018.
Continental Resources (CLR) delivered earnings and revenue surprises of 4.29% and 0.22%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
Shale oil producer Continental Resources (CLR.N) on Tuesday raised its 2018 production outlook, citing improved performance in North Dakota and operational efficiencies, as well as increased drilling activity in Oklahoma. The gains come as U.S. oil prices (CLc1) have climbed to near $70 a barrel, spurring a jump in output from shale producers hard hit by the 2014 downturn in prices. Continental bumped the lower end of its 2018 annual production view by 5,000 barrels of oil equivalent per day (boe/d) to between 290,000 boe/d and 300,000 boe/d.
Shale oil producer Continental Resources on Tuesday raised its 2018 production outlook, citing improved performance in North Dakota and operational efficiencies, as well as increased drilling activity in Oklahoma. The gains come as U.S. oil prices have climbed to near $70 a barrel, spurring a jump in output from shale producers hard hit by the 2014 downturn in prices. Continental bumped the lower end of its 2018 annual production view by 5,000 barrels of oil equivalent per day (boe/d) to between 290,000 boe/d and 300,000 boe/d.
The Oklahoma City-based company said it had net income of 65 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 73 cents per share. The results surpassed Wall ...
$242.5 Million in Net Income, or $0.65 per Diluted Share - $272.9 Million Adjusted Net Income, or $0.73 per Diluted Share (Non-GAAP) $800 - $900 Million Annual Free Cash Flow (Non-GAAP) Target Maintained ...
Continental Resources, Parsley Energy and Wildhorse Resource Development are near buy points ahead of earnings scheduled for late Tuesday.
Since Continental Resources Inc (NYSE:CLR) released its earnings in March 2018, analysts seem fairly confident, with earnings expected to grow by 18.76% in the upcoming year compared with the pastRead More...
Shale oil producer Continental Resources raised its 2018 production outlook, citing improved performance in North Dakota and operational efficiencies, as well as increased drilling activity in Oklahoma.
Shale oil producer Continental Resources Inc said on Monday that it formed a subsidiary to manage mineral royalties with Franco-Nevada Corp, part of Continental's plan to diversify revenue sources. Mineral rights are often less-risky investments than drilling wells, which can carry large operational, labor and environmental concerns. Continental, controlled by billionaire wildcatter Harold Hamm, will as part of the deal receive $220 million from Franco-Nevada, which manages gold and commodity royalties around the globe.
TORONTO , Aug. 6, 2018 /CNW/ - Franco-Nevada Corporation and Continental Resources, Inc. have agreed to enter into a strategic relationship to jointly acquire mineral rights in the SCOOP and STACK oil & gas plays of Oklahoma . Franco- Nevada is contributing approximately $220 million for the acquisition of existing mineral rights owned by a Continental subsidiary and has committed, subject to satisfaction of agreed upon development thresholds, to spend up to $100 million per year over the next three years to acquire additional mineral rights.
Los Angeles real estate developer Geoffrey Palmer, Las Vegas casino operator Phillip Ruffin and Continental Resources, a gas company headed by Harold Hamm — all friends of President Donald Trump — donated most of the $200,000 raised by a legal defense fund set up to help people caught up in special counsel Robert Mueller's investigation. Instead, the Patriot Legal Expense Fund Trust from the beginning of 2018 through the end of June spent more than $42,000 on "insurance" from a Alabama-based risk-management company, and another $6,500 on accounting services from an accounting firm.
OKLAHOMA CITY , Aug. 6, 2018 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) (The "Company") today announced that Franco-Nevada (NYSE & TSX: FNV) has agreed to pay approximately $220 ...
The EIA (U.S. Energy Information Administration) estimates that US crude oil exports decreased ~51.2% to 1.3 million barrels per day on July 20–27. However, the exports increased 87% year-over-year.
Whiting Petroleum (WLL) released its second-quarter earnings on July 31 after the markets closed. In the second quarter of 2017, Whiting Petroleum reported revenues of ~$311.51 million. Whiting Petroleum’s production in the second quarter was 126.61 Mboe/d (thousand barrels of oil equivalent per day)—compared to 115 Mboe/d reported in the second quarter of 2017.
Brent-WTI crude oil spread was $4.84 per barrel on July 30, down from $5.17 per barrel on July 23. The price difference between Brent and WTI oil futures is called the Brent-WTI spread. The spread declined ~6.4% from July 23 to July 30.
Approximately 52% of analysts covering Hess (HES) recommend “hold,” ~43% recommend “buy,” and 5% rate it as “underperform.” Their average target price of $69.24 for Hess implies a ~6.72% return over the next 12 months. In comparison, analysts’ target prices for Continental Resources (CLR), Concho Resources (CXO), Oasis Petroleum (OAS), and Cimarex Energy (XEC) imply 19.58%, 22%, ~21.85%, and ~26.34% returns over the next 12 months, respectively.
Previously, we discussed Hess’s (HES) second-quarter revenue and earnings. In the second quarter, Hess’s production volumes rose YoY (year-over-year) to 237 Mboepd1 from 247 Mboepd, and sequentially from 233 Mboepd. Hess’s production was boosted by its Bakken volumes rising 6% YoY and 2.7% sequentially thanks to ongoing drilling activity and improved well performance.