A Director at Continental Resources (CLR) is Selling Shares


Today, a Director at Continental Resources (NYSE: CLR), John T. Mcnabb, sold shares of CLR for $205.1K.

Following John T. Mcnabb’s last CLR Sell transaction on March 14, 2018, the stock climbed by 14.9%. In addition to John T. Mcnabb, 2 other CLR executives reported Sell trades in the last month.

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Based on Continental Resources’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.13 billion and quarterly net profit of $234 million. In comparison, last year the company earned revenue of $639 million and had a net profit of $469K. CLR’s market cap is $25.43B and the company has a P/E ratio of 24.74. Currently, Continental Resources has an average volume of 776.2K.

Based on 19 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $68.79, reflecting a -1.1% downside. Three different firms, including Jefferies and CLSA, currently also have a Sell rating on the stock.

The insider sentiment on Continental Resources has been negative according to 47 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

John T. Mcnabb’s trades have generated a -20.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Continental Resources, Inc. engages in the exploration and production of crude oil and natural gas. Its operations are focuses on the MT Bakken; Red River Unites; STACK; Arkoma Woodford; SCOOP; and Other. The company was founded by Harold G. Hamm in 1967 and is headquartered in Oklahoma City, OK.

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