Continental Resources explores, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company was founded in 1967 and is based in Oklahoma City, Oklahoma.
CLR Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Continental Resources Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Continental Resources Inc ranked in the 45th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 10.33%. As for the metrics that stood out in our discounted cash flow analysis of Continental Resources Inc, consider:
As a business, CLR is generating more cash flow than 67.9% of positive cash flow stocks in the Energy.
The business' balance sheet reveals debt to be 51% of the company's capital (with equity being the remaining amount). Approximately 70.81% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
Continental Resources Inc's weighted average cost of capital (WACC) is 6%; for context, that number is higher than just 4.75% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Continental Resources Inc? See ENSV, DLNG, XEC, CKH, and CLMT.
On July 6th a US district court ordered the Dakota Access Pipeline (DAPL) to shut down by August 6th, pending further environmental review. This sent the share prices of affected companies Energy Transfer (ET), Continental (CLR), Phillips 66 Partners (PSXP) and others down substantially: Data by YChartsOne of the largest...
(Bloomberg) -- To be an energy superpower, U.S. oil and natural gas requires a suitably gargantuan pipeline network that stretches for millions of miles. The country’s ability to expand that infrastructure is being tested like never before.In the span of less than 24 hours, a court ordered the Dakota Access crude oil pipeline to shut down and the developers of the Atlantic Coast gas conduit said they were canceling the project. It was a deluge of bad news for an industry that’s increasingly finding that the mega-projects of the past are no longer feasible in the face of unprecedented opposition to fossil fuels and the infrastructure that supports them.Armed with experienced lawyers and record funding, environmental groups are finding enormous success blocking key pipeline permits in cou...
* Insider buying can be an encouraging signal for potential investors. * The executive chair of a petroleum production company returned to the buy window last week. * A former director and a former 10% owner also made notable purchases.Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty.Insiders continued to add shares despite overall market volatility and economic uncertainty. Here are some of the most noteworthy insider purchases reported in the past week.Continental Resources Continental Resources, Inc. (NYSE: CLR) saw its founder and executive chair ...
Shares of Continental Resources (NYSE: CLR) jumped 32.5% in May, according to data provided by S&P Global Market Intelligence. Several factors fueled that rally, including the continued rebound in the oil market, which enabled the oil producer to start turning some of its wells back on line. Oil prices continued climbing back last month, with WTI, the main U.S. oil price benchmark, rallying another 10% to around $40 a barrel.