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CLR

Continental Resources, Inc.

5/23/2013, 4:30 AM ET

Quote & Headlines Market Currents StockTalk

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Monday, May 13, 5:47 PM Continental Resources (CLR) disclosed in February it was committing $95M to an unnamed oil pipeline, but it turns out the pipeline is a $300M project being developed by a partnership controlled by founder Harold Hamm and his family. Directors say the deal was fully vetted to avoid conflicts of interest, but investors are growing increasingly wary of close ties between energy companies and their executives. 9 Comments [Energy]
Wednesday, May 8, 6:05 PM More on Continental Resources' (CLR) Q1 results: The largest leaseholder in the Bakken shale, CLR has reported higher quarterly revenue for three years. Average production rose 42% to a record ~121.5K boe/day; 71% is crude oil. Oil production rose 44% though prices fell 0.7%, natural gas rose 38% while prices were up 11%, crude oil equivalents rose 40% and prices added 1.3%. Shares -1.6% AH. 1 Comment [Energy, Earnings, On the Move]
Wednesday, May 8, 4:42 PM Continental Resources (CLR): Q1 EPS of $1.17 beats by $0.04. Revenue of $710.3M misses by $56.19M. (PR) 1 Comment [Earnings, Breaking News]
Wednesday, May 8, 12:10 AM Notable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX Comment! [Earnings]
Tuesday, May 7, 5:35 PM Notable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX Comment! [Earnings]
Thursday, May 2, 11:57 AM EOG Resources (EOG +0.6%) could see 25% annual oil production growth in coming years, and its stock trades at cheaper multiples than rivals, RBC says as it adds EOG to its "energy best ideas" list. The firm also adds Oceaneering (OII +2.3%); it boots Helmerich & Payne (HP +1.9%) and Precision Drilling (PDS +1%), whose U.S. rig counts have not risen as quickly as expected, as well as Continental Resources (CLR -0.8%). Comment! [Energy, Quick Ideas, On the Move]
Tuesday, April 30, 11:19 AM Chesapeake Energy (CHK), moving forward from controversies and focusing on its core natural gas business, leads the list of U.S. oil and gas E&P stocks Jefferies thinks will exceed Wall Street earnings estimates. The firm's other top energy picks: CLR, DVN, EOG, GPOR, MTDR, OAS, PVA, SFY. 1 Comment [Energy, Quick Ideas]
Wednesday, April 10, 8:55 AM PBF Energy (PBF) signs an agreement with Continental Resources (CLR) to supply PBF with Bakken crude oil, which will be delivered by rail to PBF's double-loop track at its Delaware refinery. CLR is the largest producer and leaseholder in the Bakken, with significant supply arrangements with refiners on the west coast, the Gulf coast and now the east coast. Comment! [Energy]
Thursday, March 21, 3:07 PM Investors fear Harold Hamm's contentious divorce could lead to a record financial settlement - he's worth an estimated $11.3B - and threaten his control of fast-growing Continental Resources (CLR -2.8%). Under Oklahoma family law, wealth accrued through the efforts of either spouse during a marriage would typically be subject to "equitable distribution" between the parties. 4 Comments [Energy, On the Move]
Thursday, March 21, 2:02 PM Continental Resources (CLR -3.1%) shares are under pressure after Chairman and CEO Harold Hamm confirms a pending divorce, even as CLR says the divorce "has not and is not anticipated to have" any impact on the company's business or operations. 8 Comments [Energy, On the Move]
Friday, March 15, 12:33 PM Shares of Continental Resources (CLR +0.8%) hit another 52-week high, but Cowen sees more upside, raising its target price to $110 from $80. The firm thinks de-risking of the Lower Three Forks Formation could add substantial additional drilling locations. With the industry's largest footprint, CLR remains the firm's best idea to play domestic oil growth from the Williston Basin. Comment! [Energy, Quick Ideas]
Wednesday, March 13, 5:33 PM Barrington Research includes Continental Resources (CLR) and Acorn (ACFN) on its Best Ideas List for ways to play the domestic oil boom. The firm sees evidence that increased crude oil production from tight oil formations can theoretically continue to displace up to over 50% of current imports (3.5M-4M bbl/day) due to the qualities of the domestic crudes, especially Bakken blends. 1 Comment [Energy, Quick Ideas]
Friday, March 8, 10:18 AM Continental Resources (CLR +1%) is upgraded to Overweight from Neutral by J.P. Morgan based on several catalysts: confirming productivity of the TF2 and TF3 benches, testing the TF4 bench, optimizing density of Bakken and TF wells, lowering capital costs in Bakken and SCOOP plays, and confirming success of SCOOP. Comment! [Energy, Quick Ideas]
Wednesday, February 27, 6:20 PM Continental Resources (CLR): Q4 EPS of $1.04 beats by $0.17. Revenue of $688.9M beats by $33M. Comment! [Earnings, Breaking News, Energy]
Wednesday, February 27, 12:10 AM Notable earnings after Wednesday’s close: AGO, AHT, ANW, ARI, CBI, CDXS, CECO, CLR, DAR, DPM, DVR, GRPN, HNSN, IOC, ITC, JCP, LTD, MBI, MMLP, MNST, MWE, MYL, PANL, PLL, RGR, UAN, WES, WLL Comment! [Earnings]
Tuesday, February 26, 5:35 PM Notable earnings after Wednesday’s close: AGO, AHT, ANW, ARI, CBI, CDXS, CECO, CLR, DAR, DPM, DVR, GRPN, HNSN, IOC, ITC, JCP, LTD, MBI, MMLP, MNST, MWE, MYL, PANL, PLL, RGR, UAN, WES, WLL 1 Comment [Earnings]