Checking the Overall Picture for Continental Resources, Inc. (CLR)

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 $57.66, down from yesterday’s close by -1.15%. 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 $21.58 Billion. That value represents a market adjusting for revenues that have been growing by 38.11 % 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 $1.59 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.27 on a per share basis this quarter. Perhaps, that suggests something about why 0.89% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Continental Resources, Inc. recorded a 52-week high of $58.89. It is now trading 1.23% off that level. The stock is trading $48.67 its 50-day moving average by -8.99%. The stock carved out a 52-week low down at $29.08.

In recent action, Continental Resources, Inc. (CLR) has made a move of +21.88% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 22.03, 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 18.21% with $86.75 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CLR.

Previous articleTeradyne, Inc. (TER): What’s the Story?
Next articleHow Does Urban Outfitters, Inc. (URBN) Stack Up Right Now?