Continental Resources Incorporated (NYSE:CLR) Shorted Shares Decreased By 2.12%

January 14, 2018 - By Louis Casey

 Continental Resources Incorporated (NYSE:CLR) Shorted Shares Decreased By 2.12%

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.31, from 1.08 in 2017Q2. It dived, as 42 investors sold Continental Resources, Inc. shares while 107 reduced holdings. 38 funds opened positions while 77 raised stakes. 82.82 million shares or 3.64% less from 85.95 million shares in 2017Q2 were reported.
Paradigm Asset Mngmt Com Limited Liability holds 2,700 shares or 0.03% of its portfolio. New York-based Mutual Of America Management Ltd Liability Corporation has invested 0.01% in Continental Resources, Inc. (NYSE:CLR). 342,656 are owned by Swiss Financial Bank. Truenorth owns 12,398 shares. Moreover, Commerzbank Aktiengesellschaft Fi has 0.05% invested in Continental Resources, Inc. (NYSE:CLR). Ing Groep Nv holds 0.29% or 391,460 shares. Daiwa Securities stated it has 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Millennium Limited Liability Company reported 51,764 shares stake. Parsons Cap Management Ri reported 9,055 shares. Lucas Capital Mngmt owns 7,200 shares. Oppenheimer Asset Mgmt accumulated 9,089 shares. Sterling Cap Management Limited Liability Company accumulated 8,300 shares. Tph Asset Mngmt Limited Liability invested 1.16% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Vaughan Nelson Investment Mngmt Limited Partnership reported 0.56% stake. Wells Fargo Mn reported 568,536 shares or 0.01% of all its holdings.

Since December 13, 2017, it had 0 insider buys, and 1 insider sale for $958,024 activity.

The stock of Continental Resources Incorporated (NYSE:CLR) registered a decrease of 2.12% in short interest. CLR’s total short interest was 15.39M shares in January as published by FINRA. Its down 2.12% from 15.73M shares, reported previously. With 1.92 million shares average volume, it will take short sellers 8 days to cover their CLR’s short positions. The short interest to Continental Resources Incorporated’s float is 18.59%.

The stock decreased 1.15% or $0.67 during the last trading session, reaching $57.66. About 2.14 million shares traded. Continental Resources, Inc. (NYSE:CLR) has risen 4.05% since January 14, 2017 and is uptrending. It has underperformed by 12.65% the S&P500.

Continental Resources, Inc. explores for, develops, and produces natural gas and crude oil properties in the north, south, and east regions of the United States. The company has market cap of $21.40 billion. The firm sells its natural gas and crude oil production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. It currently has negative earnings. As of December 31, 2016, its estimated proved reserves were 1,275 million barrels of crude oil equivalent with estimated proved developed reserves of 519 MMBoe.

Continental Resources, Inc. (NYSE:CLR) Ratings Coverage

Among 37 analysts covering Continental Resources Inc. (NYSE:CLR), 25 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Continental Resources Inc. had 132 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, May 29 report. On Tuesday, December 19 the stock rating was upgraded by Robert W. Baird to “Outperform”. The firm earned “Positive” rating on Tuesday, January 26 by Susquehanna. Wunderlich maintained it with “Buy” rating and $50 target in Friday, May 6 report. The company was maintained on Friday, November 10 by Cowen & Co. The firm has “Neutral” rating by Credit Suisse given on Monday, June 6. As per Wednesday, August 30, the company rating was maintained by Robert W. Baird. As per Friday, July 21, the company rating was maintained by Citigroup. The company was maintained on Thursday, October 5 by Piper Jaffray. The firm has “Buy” rating given on Tuesday, June 14 by Deutsche Bank.

More notable recent Continental Resources, Inc. (NYSE:CLR) news were published by: Seekingalpha.com which released: “Hartstreet: Continental Wells Show Major Improvement In Oil Production” on December 26, 2017, also Businesswire.com with their article: “Tallgrass Energy Partners Announces Continental Resources Contract Extension” published on December 28, 2017, Seekingalpha.com published: “Bakken Oil Production: Biggest Monthly Increase (Ever) In October” on December 18, 2017. More interesting news about Continental Resources, Inc. (NYSE:CLR) were released by: Zacks.com and their article: “Surging Earnings Estimates Signal Good News for Continental Resources (CLR …” published on January 02, 2018 as well as Seekingalpha.com‘s news article titled: “Continental Resources: A Great Stock For Oil Bulls” with publication date: January 06, 2018.

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