Continental Resources (NYSE:CLR) Getting Somewhat Favorable Press Coverage, Report Finds

Media stories about Continental Resources (NYSE:CLR) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Continental Resources earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the oil and natural gas company an impact score of 46.311094393667 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Shares of Continental Resources (NYSE CLR) traded up $0.05 during mid-day trading on Friday, hitting $49.06. The stock had a trading volume of 4,086,877 shares, compared to its average volume of 2,210,000. The firm has a market cap of $18,410.00, a PE ratio of -700.86 and a beta of 1.36. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55. Continental Resources has a fifty-two week low of $29.08 and a fifty-two week high of $58.89.

A number of research analysts have recently issued reports on the company. Barclays reiterated an “overweight” rating and issued a $58.00 price target (up from $53.00) on shares of Continental Resources in a report on Thursday, January 11th. Credit Suisse Group initiated coverage on Continental Resources in a research note on Monday, December 11th. They set an “outperform” rating and a $57.00 target price on the stock. Zacks Investment Research downgraded Continental Resources from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Macquarie upgraded Continental Resources from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $53.57 to $55.00 in a research note on Thursday, December 14th. Finally, KeyCorp restated a “hold” rating on shares of Continental Resources in a research note on Monday, November 13th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $53.56.

In other news, CFO John D. Hart sold 6,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $51.23, for a total value of $307,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Gary E. Gould sold 9,874 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $50.85, for a total value of $502,092.90. The disclosure for this sale can be found here. In the last three months, insiders sold 52,874 shares of company stock valued at $2,603,673. Insiders own 76.87% of the company’s stock.

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About Continental Resources

Continental Resources, Inc is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units.

Insider Buying and Selling by Quarter for Continental Resources (NYSE:CLR)

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