Last $152.82 USD
Change Today -1.36 / -0.88%
Volume 332.1K
CLR On Other Exchanges
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Exchange
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As of 12:34 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

continental resources inc/ok (CLR) Snapshot

Open
$153.40
Previous Close
$154.18
Day High
$153.91
Day Low
$151.41
52 Week High
07/1/14 - $159.24
52 Week Low
08/15/13 - $90.11
Market Cap
28.5B
Average Volume 10 Days
934.5K
EPS TTM
$5.65
Shares Outstanding
186.1M
EX-Date
--
P/E TM
27.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for CONTINENTAL RESOURCES INC/OK (CLR)

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continental resources inc/ok (CLR) Details

Continental Resources, Inc. is engaged in the exploration, development, and production of crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil production to end users, as well as to midstream marketing companies or crude oil refining companies at the lease. As of December 31, 2013, its estimated proved reserves were 1,084.1 one million barrels of crude oil equivalent (MMBoe), with estimated proved developed reserves of 406.8 MMBoe. Continental Resources, Inc. was founded in 1967 and is headquartered in Oklahoma City, Oklahoma.

986 Employees
Last Reported Date: 05/8/14
Founded in 1967

continental resources inc/ok (CLR) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $3.1M
President and Chief Operating Officer
Total Annual Compensation: $1.5M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $1.0M
Senior Vice President of Exploration
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2013.

continental resources inc/ok (CLR) Key Developments

Continental Resources Announces Redemption of 8 1/4 % Senior Notes Due October 1, 2019

Continental Resources, Inc. announced that it will redeem all of its outstanding 8 1/4 % Senior Notes due October 1, 2019 on July 11, 2014, the redemption date. The redemption price for the 2019 Notes will be equal to the sum of the principal amount of the 2019 Notes outstanding, the make-whole amount calculated in accordance with the terms of the 2019 Notes and the related indenture under which the 2019 Notes were issued, and the accrued and unpaid interest on the 2019 Notes up to the redemption date of July 11, 2014. The aggregate principal amount of the 2019 Notes outstanding is $300,000,000.

Continental Resources, Inc. Presents at RBC Capital Markets Global Energy & Power Conference, Jun-03-2014

Continental Resources, Inc. Presents at RBC Capital Markets Global Energy & Power Conference, Jun-03-2014 . Venue: Ritz-Carlton Battery Park Hotel, New York, New York, United States.

Continental Resources, Inc. Enters into Unsecured Revolving Credit Agreement

On May 16, 2014, Continental Resources, Inc. as borrower, and its subsidiaries Banner Pipeline Company LLC, and CLR Asset Holdings, LLC as guarantors, entered into an unsecured Revolving Credit Agreement with Union Bank, N.A., as Administrative Agent, Bank of America, N.A., Compass Bank and The Royal Bank of Scotland plc, as Co-Syndication Agents, Citibank, N.A., JPMorgan Chase Bank, N.A., U.S. Bank National Association and Wells Fargo Bank, N.A., as Co-Documentation Agents and the other lenders named therein. Under the Credit Facility, the company has a borrowing capacity of $1.75 billion and the Credit Facility has a maturity date in May 2019. The amount available under the Credit Facility can be increased by up to an additional $2.25 billion in the future upon the agreement of the company and participating lenders. The Credit Facility replaced the company’s $1.5 billion unsecured senior revolving credit facility that was due to expire in July 2015. The terms of the Credit Facility include covenants limiting the amount of debt that can be incurred by the company’s subsidiaries that do not guarantee the Credit Facility and that restrict the ability of the company and its Restricted Subsidiaries to incur liens and engage in sale and leaseback transactions. The Credit Facility also contains a financial covenant that requires the company to maintain a debt to capitalization ratio that does not exceed 0.65 to 1.0. The Credit Facility also includes a covenant that restricts the ability of the company to merge, consolidate or sell all or substantially all of its assets. The Credit Facility includes events of default relating to customary matters, including, among other things, nonpayment of principal, interest or other amounts; violation of covenants; incorrectness of representations and warranties in any material respect; cross default and cross acceleration with respect to certain non-payments in connection with indebtedness in an aggregate principal amount of $100 million or more; bankruptcy; judgments involving liability of $100 million or more that are not paid; and ERISA events. Many events of default are subject to customary notice and cure periods. Union Bank, N.A. and Merrill Lynch, Pierce, Fenner & Smith Incorporated were joint lead arrangers and joint book runners for the Credit Facility. In addition, certain of the lenders party to the Credit Facility, and their respective affiliates, have performed, and may in the future perform, various commercial banking, investment banking and other financial advisory services for the Company and its subsidiaries for which they have received, and will receive, customary fees and expenses.

 

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CLR Competitors

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Company Last Change
Concho Resources Inc $146.11 USD -1.34
Devon Energy Corp $78.35 USD -0.68
Marathon Oil Corp $40.43 USD -0.28
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Pioneer Natural Resources Co $230.53 USD -1.75
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Industry Analysis

CLR

Industry Average

Valuation CLR Industry Range
Price/Earnings 33.6x
Price/Sales 7.3x
Price/Book 6.8x
Price/Cash Flow 13.6x
TEV/Sales 6.1x
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