Continental Resources Inc. (CLR) news stock charts
Continental Resources Inc. (CLR) Investment Summary:
Continental Resources, Inc. engages in the exploration, exploitation, and production of oil and natural gas properties primarily in the Rocky Mountain, Mid-Continent, and Gulf Coast regions of the United States. The company primarily sells its oil and natural gas production to end users, as well as to midstream marketing companies or oil refining companies at the lease. As of December 31, 2008, its estimated proved reserves were 159.3 million barrels of oil equivalent (MMBoe), with estimated proved developed reserves of 106.0 MMBoe. Continental Resources owned 1,114,445 net undeveloped and 399,825 net developed acres, as well as had interests in 2,192 wells and operated 1,657 of these wells. The company was founded in 1967 and is based in Enid, Oklahoma.www.contres.com
408 Employees
Founded in 1967
CONTINENTAL RESOURCES INC/OK (CLR:NYSE)
LAST $39.78 USD
CHANGE TODAY -1.26 -3.07%
VOLUME 887.7K
As of 8:04 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of CONTINENTAL RESOURCES INC/OK (CLR)
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OPEN
$41.16
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PREVIOUS CLOSE
$41.04
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DAY HIGH
$41.21
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DAY LOW
$39.39
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52 WEEK HIGH
10/21/09 - $47.27
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52 WEEK LOW
04/1/09 - $20.00
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MARKET CAP
6.8B
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AVERAGE VOLUME 10 D
591.0K
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EPS TTM
$0.73
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SHARES OUTSTANDING
170.0M
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CLR Does Not Pay Dividends
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P/E TTM
54.5x
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| K = Thousands M = Millions B = Billions | ||
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related news
*Continental Resources completes wells in N Dakota
AP Digital - 03/16/2010 1:21 PM ET
Key developments for CONTINENTAL RESOURCES INC/OK (CLR)
Continental Resources Inc. Presents at 31st Annual Institutional Investors Conference, Mar-08-2010
03/1/2010
Continental Resources Inc. Presents at 31st Annual Institutional Investors Conference, Mar-08-2010. Venue: JW Marriott Grande Lakes, Orlando, Florida, United States. Speakers: Jeffery B. Hume, President and Chief Operating Officer, Warren Henry, VP Investor Relations.
Continental Resources Inc. expected to Report Q1 2010 Results on May 7, 2010. This event was calculated by Capital IQ (Created on February 25, 2010).
02/25/2010
Continental Resources Inc. expected to Report Q1 2010 Results on May 7, 2010. This event was calculated by Capital IQ (Created on February 25, 2010).
Continental Resources Inc. Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2009; Provides Capital Expenditure Guidance for the Year 2010
02/25/2010
Continental Resources Inc. reported consolidated unaudited earnings results for the fourth quarter and year ended December 31, 2009. For the quarter, the company generated net income of $49.5 million, or $0.29 per share, compared with net income of $416,000, or $0.00 per diluted share, for the fourth quarter of 2008. Income from operations was $85.3 million for the fourth quarter of 2009, compared with $11.2 million for the fourth quarter of 2008. EBITDAX was $158.1 million for the fourth quarter of 2009, an increase of 70% over $92.7 million for the fourth quarter of 2008. Total revenues for the quarter were $207.638 million against $135.796 million for the same quarter last year. Net income before income tax expense was $76.404 million against $8.499 million for the same quarter last year. For the year, the company generated net income of $71.34 million, or $0.42 per share, compared with net income of $320.95 million, or $1.89 per diluted share, for the year of 2008. Income from operations was $132.3 million for year 2009, compared with $529.323 million for the year of 2008. EBITDAX was $450.65 million for 2009, decreased from $757.71 million for 2008. Total revenues for the year were $626.2 million against $960.5 million for the last year. Net income before income tax expense was $110.01 million against $518.53 million for the last year. Net cash provided by operating activities for the year was $375.858 million against $719.915 million for the year 2008. The company has increased its 2010 capital expenditure budget by 31% to $850 million to accelerate further its drilling program in the Bakken and Anadarko Woodford plays. The additional $200 million in capex is planned to be spent almost entirely in the second half of 2010, enabling the Company to maintain a high level of drilling momentum as it enters 2011. The Company plans to spud an additional 28 gross wells (21.2 net) in the second half of 2010, mostly in the North Dakota Bakken.
Continental Resources Inc. financial resources
CLR Competitors
| Company | Last | Change |
| Callon Petroleum Co | $4.70 USD | -0.38 |
| Crimson Exploration Inc | $3.02 USD | -0.08 |
| Dune Energy Inc | $0.25 USD | -0.02 |
| Energy XXI Bermuda Ltd | $18.70 USD | -0.50 |
| Petroquest Energy Inc | $4.95 USD | -0.34 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | CLR | Industry Range |
| Price/Earnings | -- | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | -- | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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CLR |
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CLR transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About Continental Resources Inc.
Continental Resources, Inc. Announces Results for Additional North Dakota, Michigan and Oklahoma Wells
2010-03-19 05:27:25
Quote: Read article
CONTINENTAL RESOURCES INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
2010-03-18 02:20:36
Quote: Item 7.01 Regulation FD Disclosure
On March 16, 2010, Continental Resources, Inc. issued a press release announcing
that it has completed 10 wells in the North Dakota Bakken Shale Play since the
beginning of 2010, as well as additional wells in the North Dakota Lodgepole,
Michigan's Trenton/Black River and Anadarko Woodford plays. A copy of the press
release is being furnished as an exhibit to this report on Form 8-K.
In accordance with General Instruction B.2 to Form 8-K, the information being...Read article
Continental Resources, Inc. Announces Results for Additional North Dakota, Michigan and Oklahoma Wells
2010-03-17 05:48:13
Quote: Read article
Continental Resources 4Q profit gets big boost
2010-03-04 01:56:01
Quote: NEW YORK (AP) -- Continental Resources Inc. said Thursday it boosted fourth-quarter profits more than 100-fold as the petroleum driller increased production while charging more per barrel.Continental reported net income of $49.5 million, or 29 cents a share, in the final three months of 2009. That compares with $416,000, or less than a penny per share, for the same part of 2008. Revenue jumped 53 percent to $207.6 million for the quarter.Analysts expected fourth-quarter earnings of 30 cents a sh...Read article
TransCanada to consider US pipeline 'onramp'
2010-03-04 01:56:00
Quote: John Hoeven."To me, the producers have shown their support by being here," Jones said.In coming weeks and months, TransCanada will meet further with producers to work out the particulars of a potential entry point to the pipeline, Jones said.Initial cost estimates range from $80 million to $200 million for a project that would ship crude out of Montana and North Dakota in 100,000 barrel batches.The Bakken formation holds an estimated 3.65 billion barrels of oil -- enough to supply the entire cou...Read article
UPDATE - Continental Resources Q4 results beat Street view
2010-02-26 05:38:29
Keywords: Oil and Gas International News Service (Reuters),Natural Gas,Energy and Resources,Energy Markets,Corporate Results,Corporate Results Forecasts,United States of America,Commodities and Energy Markets,Business activities,Company News item,Economic news, EC,
Quote: UPDATE 1-Continental Resources Q4 results beat Street view
* Q4 EPS $0.29 vs est $0.28 of shr * Q4 revenue jumps 53 percent, beats view * Hikes 2010 production growth outlook to 13 percent * Sees 2010 capex up 31 percent Feb 25 (Reuters) - Continental Resources Inc (CLR.N) posted
a a fourth-quarter profit that beat market estimates by a penny
due to lower expenses, and raised its forecast for spending and
production in 2010. The exploration and production company boosted its 2010
capital budget ...Read article
Q4 2009 Continental Resources, Inc. Earnings Release - Before Market Open
2010-02-26 05:38:29
Quote: Read article
Continental Resources, Inc. Q4 2009 Earnings Call Transcript
2010-02-26 05:38:28
Quote: Continental Resources, Inc. (CLR)
Q4 2009 Earnings Call Transcript
February 25, 2010 10:00 am ET
Executives
Harold Hamm – Chairman and CEO
Jeff Hume – President and COO
Jack Stark – SVP, Exploration
Rick Muncrief – SVP, Operations
Tom Luttrell – SVP, Land
Analysts
Michael Jacobs – Tudor, Pickering & Holt
Subash Chandra – Jefferies
John Freeman – Raymond James
Leo Mariani – RBC Capital
Brian Cusma [ph] – Wise Motor Strategy...Read article
Oil, gas explorers spruce up 2010 spending plans
2010-02-26 05:38:28
Keywords: Energy and Resources,United States of America,Industrial conglomerates (industry),Oil and Gas International News Service (Reuters),Natural Gas,Corporate Results,Corporate Results Forecasts,Oil and gas,Integrated oil and gas,Oil related services and equipm
Quote: Continental Resources boosted its 2010 capital budget by 31
percent to $850 million, to accelerate drilling in its
properties in the Bakken and Anadarko Woodford plays.
[ID:nSGE61O0HK] "We're building a strong presence in the Anadarko Woodford,
which has a strong oil component," Continental CEO Harold Hamm
said in a statement. "We believe the Anadarko Woodford is of
the quality to be Continental's next major building block." The company also raised its production growth outlook for
2010 to about...Read article
CONTINENTAL RESOURCES INC Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure
2010-02-26 05:38:28
Quote: Item 7.01 Regulation FD Disclosure
In the February 25, 2010 press release Continental Resources also announced its
participation in the following research conferences:
March 8Raymond James 31st Annual Institutional Investors' Conference, Orlando, FL
March 24Howard Weil 38th Annual Energy Conference, New Orleans, LA
Presentations materials will be posted on the Company's web site on the day of
each presentation.
In accordance with General Instruction B.2 to Form 8-K, the information being
filed ...Read article
Continental Resources 4Q profit gets big boost
2010-02-26 05:38:27
Quote: NEW YORK (AP) -- Continental Resources Inc. said Thursday it boosted fourth-quarter profits more than 100-fold as the petroleum driller increased production while charging more per barrel.Continental reported net income of $49.5 million, or 29 cents a share, in the final three months of 2009. That compares with $416,000, or less than a penny per share, for the same part of 2008. Revenue jumped 53 percent to $207.6 million for the quarter.Analysts expected fourth-quarter earnings of 30 cents a sh...Read article
Oil Industry Boomsin North Dakota
2010-02-26 05:38:26
Quote: If current projections hold, North Dakota's oil production could pass Alaska's by the end of the decade.
Continental Resources Inc., one of the biggest Bakken producers. "The fact of the matter is that a lot of people quit looking for oil." Continental reported Thursday that its North Dakota oil production doubled in 2009 and would continue to grow rapidly this year.
The Bakken Shale could contain up to 4.3 billion barrels of recoverable oil, according to the U.S. Geological Survey. That would ...Read article
Continental Resources Completes 2009 with Strong Growth in Production and Cash Flow
2010-02-25 06:15:15
Quote: Read article
ND Heritage Center project getting $1.8M donation
2010-01-28 03:06:32
Quote: The building first opened in 1981.Hamm is chief executive and the controlling stockholder of Continental Resources Inc. of Enid, Okla. He owns more than 70 percent of Continental's stock, according to the company's most recent annual report. At current market prices, his stake is worth more than $5 billion.Hamm declined comment on the donation to the Heritage Center, but two officials with knowledge of it confirmed the amount to The Associated Press. The officials spoke on condition of anonymity...Read article
Continental Resources, Inc. to Announce Fourth Quarter 2009 Results on Thursday, February 25, 2010
2010-01-28 03:06:31
Quote: To pre-register please go to: https://www.theconferencingservice.com/prereg/key.process?key=P68WQXAEK Continental Resources is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The Company focuses its operations in large new and developing plays where horizontal drilling, advanced fracture stimulation and enhanced recovery technologies provide the means to ...Read article
Before the Bell: Johnson & Johnson, DuPont, Apple in focus
2010-01-27 04:28:32
Keywords: Markets|U.S. & Canada, SI, Siemens AG, NVS, Novartis AG, CLR, Continental Resources Inc, HSY, Hershey Co, JNJ, Johnson & Johnson, DD, EI Du Pont de Nemours & Co, AAPL, Apple Inc, TRV, Travelers Companies Inc, VZ, Verizon Communications Inc, X,
Quote: Read article
CONTINENTAL RESOURCES INC Files SEC form 8-K, Other Events
2010-01-26 02:16:42
Quote: CONTINENTAL RESOURCES INCRequest a Trial to NEW EDGAR Online Pro
Form
8-K for
CONTINENTAL RESOURCES INC
25-Jan-2010Other EventsPrivacy PolicyAbout Our AdsTerms of ServiceCopyright/IP PolicySend FeedbackSEC
Filing data and information provided by EDGAR Online,
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(1-800-416-6651). All information provided "as is"
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Neither Yahoo! nor any of
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or...Read article
Continental Resources, Inc. Earnings Call scheduled for Thu, Feb 25
2010-01-22 04:25:42
Quote: Call DetailsContinental Resources, Inc. Earnings Conference Call (Q4 2009)Scheduled
to start Thu, Feb 25, 2010, 10:00 am EasternAfter
the event has finished, the audio will be availablefrom
this page until Sat, Feb 26, 2011About Continental Resources, Inc.CLR)Continental Resources, Inc. engages in the exploration, exploitation, and production of oil and natural gas properties primarily in the Rocky Mountain, Mid-Continent, and Gulf Coast regions of the United States. The company primarily sells ...Read article
Continental Resources, Inc. to Announce Fourth Quarter 2009 Results on Thursday, February 25, 2010
2010-01-22 04:25:42
Quote: To pre-register please go to: https://www.theconferencingservice.com/prereg/key.process?key=P68WQXAEK Continental Resources is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The Company focuses its operations in large new and developing plays where horizontal drilling, advanced fracture stimulation and enhanced recovery technologies provide the means to ...Read article
ND Heritage Center project getting $1.8M donation
2010-01-21 02:25:24
Quote: The building first opened in 1981.Hamm is chief executive and the controlling stockholder of Continental Resources Inc. of Enid, Okla. He owns more than 70 percent of Continental's stock, according to the company's most recent annual report. At current market prices, his stake is worth more than $5 billion.Hamm declined comment on the donation to the Heritage Center, but two officials with knowledge of it confirmed the amount to The Associated Press. The officials spoke on condition of anonymity...Read article
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