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Last €27.39 EUR
Change Today +1.99 / 7.83%
Volume 42.0
C5L On Other Exchanges
Symbol
Exchange
Frankfurt
New York
As of 3:38 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

continental resources inc/ok (C5L) Snapshot

Open
€26.70
Previous Close
€25.40
Day High
€27.72
Day Low
€25.76
52 Week High
09/8/14 - €62.25
52 Week Low
08/25/15 - €23.04
Market Cap
10.2B
Average Volume 10 Days
10.6
EPS TTM
--
Shares Outstanding
373.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CONTINENTAL RESOURCES INC/OK (C5L)

continental resources inc/ok (C5L) Details

Continental Resources, Inc. explores, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil production to end users, as well as midstream marketing companies or crude oil refining companies at the lease. As of December 31, 2014, its estimated proved reserves were 1,351 million barrels of crude oil equivalent (MMBoe), with estimated proved developed reserves of 502 MMBoe. Continental Resources, Inc. was founded in 1967 and is headquartered in Oklahoma City, Oklahoma.

1,188 Employees
Last Reported Date: 02/24/15
Founded in 1967

continental resources inc/ok (C5L) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $3.3M
President and Chief Operating Officer
Total Annual Compensation: $1.1M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $925.0K
Senior Vice President of Operations
Total Annual Compensation: $767.5K
Senior Vice President of Exploration
Total Annual Compensation: $680.7K
Compensation as of Fiscal Year 2014.

continental resources inc/ok (C5L) Key Developments

Continental Resources, Inc. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Production Guidance for the Year 2015; Provides Production Guidance for the Second Half of 2015 and Capital Expenditure Guidance for the Year 2015; Reports Property Impairments for the Second Quarter Ended June 30, 2015

Continental Resources, Inc. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $796.374 million against $886.095 million a year ago. Loss from operations was $82.447 million against $236.394 million a year ago. Income before income taxes was $4.545 million against 164.346 Net income was $0.403 million or nil per basic and diluted share against $103.538 million or $0.28 per basic and diluted share a year ago. Net cash provided by operating activities was $394.622 million against $741.791 million a year ago. EBITDAX was $647 million, compared with $868 million for the second quarter of 2014, reflecting the decline in average commodity prices since June 2014, partially offset by increased production. Adjusted net income was $48.450 million or $0.13 per diluted share agha $277.143 million or $0.75 per diluted share a year ago. Non-acquisition capital expenditures for second quarter 2015 totaled approximately $585.5 million, which was $26.9 million, or 4%, below budget for the quarter. Total capital expenditures for the quarter included $518.3 million in exploration and development drilling, $22.1 million in leasehold and seismic, and $45.1 million in workovers, recompletions and other. In addition, acquisition capital expenditures totaled approximately $6.4 million for second quarter 2015. For the six months, the company reported total revenues of $1,422.018 million against $1,858.590 million a year ago. Loss from operations was $28.829 million against income from operations of $657.711 million a year ago. Loss before income taxes was $181.448 million against income before income taxes of $523.447 million a year ago. Net loss was $131.568 million or $0.36 per basic and diluted share against net income of $329.772 million or $0.89 per basic and diluted share a year ago. Net cash provided by operating activities was $916.812 million against $1,432.453 million a year ago. EBITDAX was $1.086.435 million against $1,643.345 million a year ago. Adjusted net income was $14.631 million or $0.04 per diluted share against $549,439 million or $1.48 per diluted share a year ago. For the quarter, the company reported production of crude oil of 149,897 Bbl per day against 116,441 Bbl per day a year ago. Natural gas was 459,898 Mcf per day against 309,074 Mcf per day a year ago. Crude oil equivalents was 226,547 Boe per day against 167,953 Boe per day a year ago. Total net production for the second quarter included 149,897 barrels of oil (Bo) per day (66% of production) and 459.9 million cubic feet (MMcf) of natural gas per day (34% of production). In second quarter 2015, sales volumes totaled 20.9 million Boe, marginally higher than production for the quarter. For the six months, the company reported production of crude oil of 146,722 Bbl per day against 111,447 Bbl per day a year ago. Natural gas was 420,123 Mcf per day against 292,847 Mcf per day a year ago. Crude oil equivalents was 216,742 Boe per day against 160,255 Boe per day a year ago. The company announced that second half 2015 daily production is expected to level off and then decline slightly, reflecting the approximate 50% reduction in operated rigs since late 2014. Cash flow neutral in the second half of 2015. The company expects to exit 2015 with production in the range of 210,000 to 215,000 Boe per day. The company is increasing its production growth guidance to a range of 19% to 23% for 2015, compared with earlier guidance of 16% to 20% growth over the previous year. The company expects capital expenditures (non-acquisition) of $2.70 billion. For the second quarter ended June 30, 2015, the company reported property impairments of $76.872 million against $79.316 million a year ago.

Continental Resources, Inc. to Report Q2, 2015 Results on Aug 05, 2015

Continental Resources, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 05, 2015

Continental Resources, Inc., Q2 2015 Earnings Call, Aug 06, 2015

Continental Resources, Inc., Q2 2015 Earnings Call, Aug 06, 2015

 

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Industry Analysis

C5L

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Valuation C5L Industry Range
Price/Earnings 22.2x
Price/Sales 3.3x
Price/Book 2.4x
Price/Cash Flow 4.1x
TEV/Sales 1.3x
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