Shares of Continental Resources (NYSE:CLR) Sees Large Inflow of Net Money Flow

Continental Resources (NYSE:CLR) dropped by -1.23 or -0.5 points during the last session to $40.3 per share. One of the highlights of the day was the net money flow figure, which stood at $1.03 million even as the stock accepted $2.38 million in upticks but rejected $1.35 million in downticks. The up/down ratio for the last observation was a 1.76. The 1-week percentage change for the stock price is registered at -2.63%.A block transaction occurred with $1.03 million in upticks and $0 million in downticks while the up/down ratio was calculated to be 0. The stock witnessed a net inflow of $1.03 million at the end of the block trade.


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%. On the companys insider trading activities, Eissenstat Eric Spencer, officer (SVP, GC, CRO & Secretary) of Continental Resources, Inc, unloaded 10,000 shares at an average price of $43.32 on June 7, 2016. The total amount of the transaction was worth $433,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Continental Resources (NYSE:CLR) : On Monday heightened volatility was witnessed in Continental Resources (NYSE:CLR) which led to swings in the share price. The stock opened for trading at $40.3 and hit $41.81 on the upside , eventually ending the session at $41.26, with a gain of 1.13% or 0.46 points. The heightened volatility saw the trading volume jump to 2,734,338 shares. The 52-week high of the share price is $47.81 and the company has a market cap of $15,455 million. The 52-week low of the share price is at $13.94 .

Many analysts have stated their opinion on the company shares. Credit Suisse initiates coverage on Continental Resources (NYSE:CLR). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm announces the price target at $43 per share. The rating by the firm was issued on June 6, 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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