The CEO & Chairman of Continental Resources (NYSE: CLR) is Buying Shares

By Carrie Williams

Today, the CEO & Chairman of Continental Resources (NYSE: CLR), Harold Hamm, bought shares of CLR for $4.98M.

Following Harold Hamm’s last CLR Buy transaction on May 26, 2017, the stock climbed by 7.9%.

Based on Continental Resources’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.04 billion and quarterly net profit of $842 million. In comparison, last year the company earned revenue of $597 million and had a net profit of $27.67 million. The company has a one-year high of $58.89 and a one-year low of $29.08. CLR’s market cap is $18.41B and the company has a P/E ratio of 22.57.

34 different firms, including B.Riley FBR and Barclays, currently also have a Buy rating on the stock. Based on 16 analyst ratings, the analyst consensus is Strong Buy with an average price target of $63.56, reflecting a -25.3% downside. Starting in January 2018, CLR received 16 Buy ratings in a row.

The insider sentiment on Continental Resources has been negative according to 43 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Harold Hamm’s trades have generated a -1.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Continental Resources, Inc. engages in the exploration and production of crude oil and natural gas. Its operations are focuses on the MT Bakken; Red River Unites; STACK; Arkoma Woodford; SCOOP; and Other. The company was founded by Harold G. Hamm in 1967 and is headquartered in Oklahoma City, OK.