Continental Resources, Inc. (CLR): From Top to Bottom

Continental Resources, Inc. (CLR) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $61.80, down from yesterday’s close by -0.10%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Continental Resources, Inc. (CLR) currently trades with a market capitalization of $22.92 Billion. That value represents a market adjusting for revenues that have been growing by 90.50 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $2.06 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.6 on a per share basis this quarter. Perhaps, that suggests something about why 1.02% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Continental Resources, Inc. recorded a 52-week high of $62.67. It is now trading 0.87% off that level. The stock is trading $54.31 its 50-day moving average by -7.49%. The stock carved out a 52-week low down at $29.08.

In recent action, Continental Resources, Inc. (CLR) has made a move of +16.45% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.41, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 14.57% with $88.05 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CLR.

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