Continental Rises On Unusually High Volume (CLR)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
NEW YORK (TheStreet) -- Continental Resources (CLR">CLR) is trading at unusually high volume Thursday with 2.1 million shares changing hands. It is currently at two times its average daily volume and trading up $4.52 (+5.4%) at $88.49 as of 2:51 p.m. ET.
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Continental has a market cap of $15.24 billion and is part of the basic materials sector and energy industry. Shares are up 12.1% year to date as of the close of trading on Wednesday.
Continental Resources, Inc. engages in the exploration, development, and production of crude oil and natural gas primarily in the United States. The company has a P/E ratio of 37.1, above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Continental as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Continental Ratings Report.
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