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NEW YORK (TheStreet) -- ContinentalResources  (CLR) stock is up by 3.29% to $30.73 in late morning trading on Thursday, as oil prices increase and provide a boost to energy stocks. 

Crude oil (WTI) is gaining by 0.65% to $38.57 per barrel and Brent oil is up by 1.02% to $39.66 per barrel.

Though oil prices are climbing today, industry experts are still concerned about the global glut of oil, the Wall Street Journal reports.

Oil prices are expected to continue to decline, TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said during a call with subscribers.

"This $40 level makes it so it's really difficult to invest in the group," he said. "We've turned negative on the group."

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Based in Oklahoma City, Continental is an exploration and production company focused on oil and natural gas.

Separately, 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.

TheStreet Ratings rates this stock as a "sell" with a ratings score of D. 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.

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

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