Continental Resources (NYSE:CLR) has climbed 4.49% in the past week and advanced 4.08% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.74% and the outperformance has advanced to 3.13% for the last 4 weeks period.
Continental Resources (NYSE:CLR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.69 and $41.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.63, notching a gain of 3.98% for the day. The total traded volume was 4,395,947 . The stock had closed at $41.00 on the previous day.
The company shares have dropped -3.25% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $44.77 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $40.79 and the 200 Day Moving Average price is recorded at $29.60.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Hart John D, officer (Sr. VP & CFO) of Continental Resources, Inc, had unloaded 13,500 shares at an average price of $42.54 in a transaction dated on June 14, 2016. The total value of the transaction was worth $574,290.
Many analysts have stated their opinion on the company shares. Brokerage firm Deutsche Bank maintains its rating on Continental Resources (NYSE:CLR). As per the latest information, the brokerage house raises the price target to $50 per share from a prior target of $48. The shares have been rated Buy. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 76.97% of Continental Resources shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.2% . Institutional Investors own 23.48% of Continental Resources shares. During last six month period, the net percent change held by insiders has seen a change of -9.2%.
Continental Resources, Inc. is an independent crude oil and natural gas exploration and production company. The Company owns 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 Bakken field of North Dakota and Montana is a crude oil resource play. 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), Northwest Cana and Arkoma areas of Oklahoma. The East region comprises undeveloped leasehold acreage east of the Mississippi River.