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Last $33.41 USD
Change Today -1.61 / -4.60%
Volume 5.1M
CLR On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

continental resources inc/ok (CLR) Snapshot

Open
$34.50
Previous Close
$35.02
Day High
$34.57
Day Low
$33.06
52 Week High
09/4/14 - $80.91
52 Week Low
12/16/14 - $30.06
Market Cap
12.5B
Average Volume 10 Days
4.2M
EPS TTM
$2.60
Shares Outstanding
373.1M
EX-Date
--
P/E TM
12.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for CONTINENTAL RESOURCES INC/OK (CLR)

continental resources inc/ok (CLR) 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 (CLR) 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 (CLR) Key Developments

Continental Resources, Inc. Announces Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Earnings and Production Guidance for the Fiscal Year 2015 and 2016; Provides Production Guidance for the Second Half of 2015; Reports Property Impairment for the First Quarter Ended March 31, 2015

Continental Resources, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's total revenues were $625,644,000 compared with $972,495,000 a year ago. Loss from operations was $111,276,000 compared with income of $421,317,000 a year ago. Loss before income taxes was $185,992,000 compared with income of $359,101,000 a year ago. Net loss was $131,971,000 or $0.36 per basic and diluted share compared with income of $226,234,000 or $0.61 per basic and diluted share a year ago. Net cash provided by operating activities was $522,190,000 compared with $690,662,000 a year ago. EBITDAX was $439,427,000 compared with $775,407,000 a year ago. Adjusted net income was $33,819,000 or $0.09 per diluted share compared with $272,297,000 or $0.74 per diluted share a year ago. Non-acquisition capital expenditures for first quarter 2015 totaled approximately $984 million, which was $57 million, or 5%, below budget for the quarter. Total capital expenditures for the quarter included $914 million in exploration and development drilling, $29 million in leasehold and seismic, and $41 million in workovers, recompletions and other. In addition, acquisition capital expenditures totaled approximately $37 million for first quarter 2015. First quarter, the company's total average daily production was 206,829 Boe per day against 152,471 Boe per day a year ago. Net production totaled 18.6 million barrels of oil equivalent (Boe), or 206,829 Boe per day, a sequential increase of 7% from fourth quarter 2014 and 36% higher than first quarter 2014. Total net production for the first quarter included 143,511 barrels of oil (Bo) per day (69% of production) and 379.9 million cubic feet (MMcf) of natural gas per day (31% of production). In first quarter 2015, sales volumes totaled 18.4 million Boe, or 204,547 Boe per day, which was below production for the quarter. For the quarter, the company reported total property impairments of $147,561,000 against $58,208,000 a year ago. Proved property impairments were $70 million, reflecting the impact of lower commodity prices in certain noncore areas, and the remaining charges of $77 million reflect recurring amortization of undeveloped leasehold. There were no impairments of Bakken- or SCOOP-producing assets. For the year 2015, the company expects production growth in the range of 16% to 20%. Given the drilling and completion activity budgeted for the remainder of 2015, the company expects to see production growth to level off around midyear and project an exit rate for 2015 of approximately 5% above the 2014 exit rate of 200,000 barrels of oil equivalent per day. The company anticipates having approximately 105 total gross wells waiting on first production at year-end 2015 as compared to 159 gross wells at year-end 2014. The company is targeting a completed well cost of $7.7 million per well in the second half of 2015. The company maintains a flat level of production in 2016 off of 2015 would be $2 billion to $2.2 billion. For the year 2015, the company expects capital expenditures of $2.7 billion and income tax rate of 38%. The company announced maintenance capital expenditure going into 2016, is somewhere in the range of $2 billion to $2.2 billion.

Continental Resources, Inc. Presents at UBS 2015 Global Oil & Gas Conference, May-19-2015

Continental Resources, Inc. Presents at UBS 2015 Global Oil & Gas Conference, May-19-2015 . Venue: Four Seasons Downtown, 98 San Jacinto Blvd, Austin, Texas, United States. Speakers: Alyson Gilbert, Sr. Analyst, Investor Relations, Warren Henry, VP, Research and Policy.

Continental Resources, Inc., Annual General Meeting, May 19, 2015

Continental Resources, Inc., Annual General Meeting, May 19, 2015., at 10:00 Central Daylight. Location: Cox Convention Center. Agenda: To elect two Class III members to board of directors to serve until the annual meeting of shareholders in 2018 and until their respective successors are duly elected and qualified or until their earlier resignation or removal; to vote on a proposal to approve an amendment to third amended and restated certificate of incorporation to increase the number of authorized shares of common stock of the company; to ratify the selection of Grant Thornton LLP as independent registered public accounting firm; to consider a shareholder proposal if properly presented at the annual meeting; and to transact such other business as may properly be brought before the annual meeting or any adjournment or postponement thereof.

 

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Industry Analysis

CLR

Industry Average

Valuation CLR Industry Range
Price/Earnings 21.0x
Price/Sales 3.4x
Price/Book 2.7x
Price/Cash Flow 4.7x
TEV/Sales 1.6x
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