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NEW YORK (TheStreet) -- Continental Resources (CLR) stock is advancing by 2.66% to $29.75 late Wednesday afternoon as oil prices inch up.

Crude oil (WTI) is rising by 0.08% to $38.31 per barrel this afternoon and Brent crude is gaining by 0.33% to $39.27 per barrel.

Oil price are slightly higher in late afternoon trading on lower-than-expected stockpiles.

U.S. crude inventories increased by 2.3 million barrels last week, according to data from the Energy Information Administration (EIA). Analysts projected a build of 3.3 million barrels.

"The data poses a bit of a conundrum, in that crude stocks still increased so much despite strong refining runs and an apparent drop in imports," Matt Smith, director of commodity research at ClipperData, told Reuters.

Additionally, oil prices were boosted by a weaker dollar, as dollar-denominated commodities are less expensive to foreign investors when the greenback is lower.

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Oklahoma City-based Continental Resources is an independent crude oil and natural gas exploration and production company.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

This is driven by some concerns, which should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks covered.

The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally high debt management risk, disappointing return on equity and weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: CLR

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