Continental Resources Incorporated (NYSE:CLR) Shorts Decreased by 2.12% After Short Covering

January 14, 2018 - By Marry Poplack

 Continental Resources Incorporated (NYSE:CLR) Shorts Decreased by 2.12% After Short Covering

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.31, from 1.08 in 2017Q2. It dropped, 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.
Alyeska Invest Group Inc Limited Partnership invested 0.43% in Continental Resources, Inc. (NYSE:CLR). Virtu Lc invested 0% in Continental Resources, Inc. (NYSE:CLR). Dimensional Fund Limited Partnership stated it has 864,563 shares or 0.01% of all its holdings. Swiss Bank reported 0.02% stake. M&T Commercial Bank Corporation accumulated 0% or 5,832 shares. Magnetar Fincl Limited Liability invested 0.01% in Continental Resources, Inc. (NYSE:CLR). Jpmorgan Chase & has invested 0.01% in Continental Resources, Inc. (NYSE:CLR). Truenorth Incorporated invested in 12,398 shares or 0.22% of the stock. Alliancebernstein L P, New York-based fund reported 299,227 shares. The New York-based Price Michael F has invested 1.92% in Continental Resources, Inc. (NYSE:CLR). Atlantic Trust Gp Ltd Liability Company invested 0% in Continental Resources, Inc. (NYSE:CLR). Royal Bank & Trust Of Canada has 0% invested in Continental Resources, Inc. (NYSE:CLR). Ngam L P holds 93,275 shares. Comerica Bankshares holds 9,299 shares or 0% of its portfolio. Global X Limited Liability has 559 shares.

Since December 13, 2017, it had 0 insider buys, and 1 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 15.39 million 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. The firm has “Buy” rating given on Thursday, April 13 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, August 25 report. Susquehanna maintained the shares of CLR in report on Tuesday, January 26 with “Positive” rating. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Buy” rating by RBC Capital Markets on Friday, June 2. As per Thursday, November 9, the company rating was maintained by RBC Capital Markets. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, December 9. Piper Jaffray maintained it with “Buy” rating and $45.0 target in Monday, November 20 report. The firm earned “Buy” rating on Sunday, August 27 by BMO Capital Markets. The stock of Continental Resources, Inc. (NYSE:CLR) has “Hold” rating given on Friday, November 10 by Cowen & Co. The rating was downgraded by JP Morgan on Thursday, December 8 to “Neutral”.

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

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