Continental Resources (NYSE:CLR) announced its earnings results on Monday. The oil and natural gas company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.08, MarketWatch Earnings reports. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Continental Resources had a net margin of 35.43% and a return on equity of 18.98%. The business’s revenue was up 76.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS.
Shares of CLR stock opened at $52.71 on Wednesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.89 and a current ratio of 0.97. The stock has a market capitalization of $20.13 billion, a price-to-earnings ratio of 103.35, a P/E/G ratio of 1.24 and a beta of 1.24. Continental Resources has a one year low of $39.95 and a one year high of $71.95.
In other Continental Resources news, SVP Gary E. Gould sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $67.00, for a total value of $335,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. 76.83% of the stock is owned by corporate insiders.
About Continental Resources
Continental Resources, Inc explores for, 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 and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.
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