Continental Resources, Inc (CLR) Files Form 4 Insider Selling : Eric Spencer Eissenstat Sells 10,000 Shares

Continental Resources, Inc (CLR): Eric Spencer Eissenstat , SVP, GC, CRO & Secretary of Continental Resources, Inc sold 10,000 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $43.32 per share for a total value of $433,201.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 24, 2016, Glen A Brown (SVP, Exploration) sold 15,000 shares at $40.91 per share price.On May 24, 2016, David L Boren (director) sold 5,000 shares at $41.10 per share price.Also, On May 12, 2016, Steven K Owen (SVP, Land) sold 14,000 shares at $40.13 per share price.On Nov 10, 2015, John D Hart (Sr. VP & CFO) sold 5,000 shares at $36.10 per share price.

Shares of Continental Resources (CLR) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.25 points or -0.58% at $43.15 with 19,67,456 shares getting traded. Post opening the session at $42.57, the shares hit an intraday low of $42.54 and an intraday high of $43.67 and the price vacillated in this range throughout the day. The company has a market cap of $16,163 M and the number of outstanding shares has been calculated to be 37,45,71,870 shares. The 52-week high of Continental Resources is $47.95 and the 52-week low is $13.94.

Continental Resources Money Flow Index Chart

Company has been under the radar of several Street Analysts.Continental Resources is Initiated by Credit Suisse to Neutral. The Rating was issued on Jun 6, 2016.Continental Resources is Downgraded by Scotia Howard Weil to Sector Outperform. Earlier the firm had a rating of Focus Stock on the company shares. The Rating was issued on May 16, 2016.Continental Resources is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $40 .The Rating was issued on May 6, 2016.Continental Resources is Upgraded by Raymond James to Strong Buy. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 5, 2016.Continental Resources is Upgraded by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $34 .Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 13, 2016.

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.

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