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Last $51.52 USD
Change Today -0.13 / -0.25%
Volume 3.4M
CLR On Other Exchanges
Symbol
Exchange
Frankfurt
New York
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

continental resources inc/ok (CLR) Snapshot

Open
$51.68
Previous Close
$51.65
Day High
$52.85
Day Low
$50.87
52 Week High
09/4/14 - $80.91
52 Week Low
12/16/14 - $30.06
Market Cap
19.2B
Average Volume 10 Days
2.4M
EPS TTM
$3.43
Shares Outstanding
373.1M
EX-Date
--
P/E TM
15.0x
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

Exxon, Continental Resources, Hess and Statoil Interested In Whiting Petroleum

Whiting Petroleum Corp. (NYSE:WLL) reportedly has garnered interest from Exxon Mobil Corporation (NYSE:XOM) and Continental Resources, Inc. (NYSE:CLR) as it explores a sale of the entire company. Hess Corporation (NYSE:HES) and Statoil ASA (OB:STL) are also interested in Whiting Petroleum, as reported.

Continental Resources, Inc. Reports Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Property Impairment Charges for the Fourth Quarter Ended December 31, 2014; Provides Production and Capital Expenditure Guidance for 2015

Continental Resources, Inc. reported unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, net income was $114.0 million, or $0.31 per basic and diluted share, compared with net income of $132.8 million, or $0.36 per basic and diluted share, for the fourth quarter of 2013. Excluding items typically excluded from published analyst estimates, adjusted net income for the fourth quarter of 2014 was $420.8 million, or $1.14 per diluted share, an 84% increase over adjusted net income of $228.1 million, or $0.62 per diluted share, for the fourth quarter of 2013. Total revenues were $1,297.7 million against $811.2 million last year. Income from operations was $265.2 million against $273.7 million last year. Income before income taxes was $191.7 million against $210.8 million last year. Net cash provided by operating activities was $1,077.9 million against $584.8 million last year. EBITDAX for the fourth quarter of 2014 was $1.2 billion, a 66% increase over EBITDAX of $712 million for the fourth quarter of 2013. Non-acquisition capital expenditures totaled approximately $1.39 billion, including $1.27 billion in exploration and development drilling, $47 million in leasehold and seismic and $76 million in workovers, recompletions and other.  Capital expenditures reflected a higher than anticipated level of activity by outside operators and higher working interests in inside-operated wells during the fourth quarter. Acquisition capital expenditures totaled approximately $24 million for the fourth quarter of 2014.  For the year, net income was $977.3 million, or $2.64 per diluted share, compared with net income of $764.2 million, or $2.07 per diluted share, for the full year of 2013. Excluding items typically excluded from published analyst estimates, adjusted net income was $1.3 billion, or $3.43 per diluted share, a 29% increase over adjusted net income of $986.1 million, or $2.67 per diluted share last year. Total revenues were $4,801.6 million against $3,421.8 million last year. Income from operations was $1,867.8 million against $1,445.8 million last year. Income before income taxes was $1,562.0 million against $1,213.0 million last year. Net cash provided by operating activities was $3,355.7 million against $2,563.3 million last year. EBITDAX was $3.9 billion, a 33% increase over EBITDAX of $2.8 billion last year. Non-acquisition capital expenditures totaled approximately $4.81 billion. Acquisition spending totaled approximately $204 million for the year. For the fourth quarter, net production totaled 17.8 million boe, or 193,456 boe per day, a sequential increase of 6% from third quarter 2014 and 34% higher than 144,254 boe per day for the fourth quarter of 2013. Total net production for the fourth quarter included 136,972 barrels of oil per day (71% of production) and approximately 338.9 million cubic feet of natural gas per day (29% of production).  For the full year, production averaged 174,189 boe per day, an increase of 28% compared to 135,919 boe per day for the full year of 2013. SCOOP volumes accounted for 20% of the total volumes, up from 14% of the total full year of 2013 volumes. For the quarter, property impairments were $393.8 million against $58.5 million last year. Property impairments primarily resulted from lower crude oil prices and changes in drilling plans. The impairments included $255 million for producing assets primarily from the Buffalo Red River Units and Medicine Pole Hills Units and $139 million for non-producing assets including $85 million related to exploratory prospects where the company is not planning to proceed with development in the current commodity price environment. There were no impairments of Bakken or SCOOP producing assets.  For 2015, the company believes that momentum coming out of 2014 will allow it to grow production 16% to 20%. For 2015, the company expects capital expenditures (non-acquisition) of $2.7 billion and income tax rate of 38%.

Continental Resources, Inc. Presents at 43rd Annual Scotia Howard Weil Energy Conference, Mar-24-2015

Continental Resources, Inc. Presents at 43rd Annual Scotia Howard Weil Energy Conference, Mar-24-2015 . Venue: Roosevelt New Orleans Hotel, 130 Roosevelt Way, New Orleans, Louisiana, United States.

 

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Industry Analysis

CLR

Industry Average

Valuation CLR Industry Range
Price/Earnings 19.6x
Price/Sales 4.5x
Price/Book 3.8x
Price/Cash Flow 6.5x
TEV/Sales 3.1x
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