Short Interest Buzzer: Is Continental Resources Incorporated (NYSE:CLR)’s Fuel Running Low? Reports Show More Sellers

November 28, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Buzzer: Is Continental Resources Incorporated (NYSE:CLR)’s Fuel Running Low? Reports Show More Sellers

The stock of Continental Resources Incorporated (NYSE:CLR) registered an increase of 0.11% in short interest. CLR’s total short interest was 21.84M shares in November as published by FINRA. Its up 0.11% from 21.82 million shares, reported previously. With 1.95 million shares average volume, it will take short sellers 11 days to cover their CLR’s short positions. The short interest to Continental Resources Incorporated’s float is 26.58%. About 1.98 million shares traded hands. Continental Resources, Inc. (NYSE:CLR) has risen 37.63% since April 25, 2016 and is uptrending. It has outperformed by 31.61% the S&P500.

Continental Resources, Inc. is an independent natural gas and crude oil exploration and production firm with properties in the North, South and East regions of the United States. The company has a market cap of $18.14 billion. 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. It currently has negative earnings. 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 , Sooner Trend Anadarko Canadian Kingfisher (STACK), Northwest Cana and Arkoma Woodford areas of Oklahoma.

Insitutional Activity: The institutional sentiment is 1.08 in 2016 Q2. Its the same as in 2016Q1. The ratio is flat, as 43 funds sold all Continental Resources, Inc. shares owned while 105 reduced positions. only 61 funds bought stakes while 99 increased positions. They now own 86.18 million shares or 0.46% less from 86.58 million shares in 2016Q1.
Millennium Limited Liability reported 165,028 shares or 0.02% of all its holdings. Farmers & Merchants Invs has invested 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR). The New York-based Geosphere Management has invested 5.36% in Continental Resources, Inc. (NYSE:CLR). Moreover, Deutsche Bankshares Ag has 0.03% invested in Continental Resources, Inc. (NYSE:CLR) for 785,801 shares. Sei Com has invested 0.02% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Guild Inv Mngmt last reported 28,100 shares in the company. Viking Fund Limited Liability Corp holds 380,000 shares or 2.98% of its portfolio. Pine River Capital L P last reported 0.15% of its portfolio in the stock. Blackrock Japan Communications has 0.02% invested in the company for 153,145 shares. Ameriprise owns 56,894 shares or 0% of their US portfolio. Comml Bank Of America Corporation De owns 848,908 shares or 0.01% of their US portfolio. Gam Ag holds 11,297 shares or 0.01% of its portfolio. Graham Capital Management Lp reported 395,225 shares or 0.92% of all its holdings. The Nebraska-based Bridges Inv Management has invested 0.23% in Continental Resources, Inc. (NYSE:CLR). Ls Investment Lc last reported 2,934 shares in the company.

Insider Transactions: Since June 7, 2016, the stock had 0 buys, and 11 sales for $3.22 million net activity. $339,285 worth of Continental Resources, Inc. (NYSE:CLR) was sold by Eissenstat Eric Spencer on Friday, November 18. 4,000 shares were sold by Owen Steven K, worth $213,360 on Tuesday, November 22. 5,000 Continental Resources, Inc. (NYSE:CLR) shares with value of $221,959 were sold by McNabb John T II. 5,000 shares were sold by Gould Gary E, worth $221,601. Shares for $590,878 were sold by Stark Jack H. Hart John D sold 4,000 shares worth $187,343.

Continental Resources, Inc. (NYSE:CLR) Ratings Coverage

Out of 28 analysts covering Continental Resources Inc. (NYSE:CLR), 19 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 68% are positive. Continental Resources Inc. has been the topic of 67 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Friday, August 5. The stock has “Hold” rating given by Stifel Nicolaus on Wednesday, April 6. Wunderlich maintained Continental Resources, Inc. (NYSE:CLR) on Wednesday, September 9 with “Hold” rating. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Buy” rating by Seaport Global on Wednesday, March 30. The firm has “Outperform” rating by RBC Capital Markets given on Friday, August 7. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, June 14 report. The firm has “Overweight” rating given on Wednesday, December 9 by JP Morgan. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Buy” rating by Citigroup on Monday, October 31. The rating was maintained by Deutsche Bank on Wednesday, August 10 with “Buy”. The stock has “Buy” rating given by Wunderlich on Friday, November 6.

CLR Company Profile

Continental Resources, Inc., incorporated on November 16, 1967, is an independent natural gas and crude oil exploration and production firm with 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 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), Sooner Trend Anadarko Canadian Kingfisher (STACK), Northwest Cana and Arkoma Woodford areas of Oklahoma. The East region includes undeveloped leasehold acreage east of the Mississippi River. The Company’s estimated proved reserves are approximately 1,230 million barrels of crude oil equivalent (MMBoe) with estimated proved developed reserves of over 520 MMBoe. The Company’s crude oil production is sold to crude oil refining companies at market centers.

More news for Continental Resources, Inc. (NYSE:CLR) were recently published by: Wsj.com, which released: “Continental Resources Loss Widens” on November 02, 2016. Newsok.com‘s article titled: “Hamm stays committed to Continental Resources” and published on November 10, 2016 is yet another important article.

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By Peter Erickson


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