For the readers interested in the stock health of Continental Resources Inc. (CLR). It is currently valued at $15.92. When the transactions were called off in the previous session, Stock hit the highs of $16.69, after setting-off with the price of $16.56. Company’s stock value dipped to $15.86 during the trading on the day. When the trading was stopped its value was $16.64.
Recently in News on December 4, 2020, Continental Resources Announces Partial Redemption Of 5% Senior Notes Due 2022. Continental Resources, Inc. (NYSE: CLR) (“Continental” or the “Company”) announced today that it will redeem $400 million in aggregate principal amount, representing approximately 63% of the approximately $631 million in aggregate principal amount currently outstanding, of its 5% Senior Notes due 2022 (the “Notes”) on January 5, 2021, the redemption date for the Notes. You can read further details here
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Continental Resources Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $36.20 on 01/06/20, with the lowest value was $6.90 for the same time period, recorded on 04/01/20.
Continental Resources Inc. (CLR) full year performance was -53.48%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Continental Resources Inc. shares are logging -56.02% during the 52-week period from high price, and 130.72% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $6.90 and $36.20.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 2040609 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Continental Resources Inc. (CLR) recorded performance in the market was -53.59%, having the revenues showcasing 26.75% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 5.98B, as it employees total of 1260 workers.
The Analysts eye on Continental Resources Inc. (CLR)
During the last month, 4 analysts gave the Continental Resources Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 23 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 4 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 15.22, with a change in the price was noted -1.37. In a similar fashion, Continental Resources Inc. posted a movement of -7.92% for the period of last 100 days, recording 3,048,584 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CLR is recording 0.92 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.92.
Technical rundown of Continental Resources Inc. (CLR)
Raw Stochastic average of Continental Resources Inc. in the period of last 50 days is set at 52.69%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 20.04%. In the last 20 days, the company’s Stochastic %K was 31.06% and its Stochastic %D was recorded 39.73%.
Considering, the past performance of Continental Resources Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -53.59%. Additionally, trading for the stock in the period of the last six months notably improved by 5.29%, alongside a downfall of -53.48% for the period of the last 12 months. The shares increased approximately by -11.21% in the 7-day charts and went down by 4.87% in the period of the last 30 days. Common stock shares were driven by 26.75% during last recorded quarter.