Continental Resources Inc (CLR): Today's Featured Energy Winner - TheStreet

Continental Resources

(

CLR

) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day down 0.1%. By the end of trading, Continental Resources rose $1.03 (1.2%) to $86.06 on light volume. Throughout the day, 796,263 shares of Continental Resources exchanged hands as compared to its average daily volume of 1,122,000 shares. The stock ranged in a price between $84.49-$86.79 after having opened the day at $84.74 as compared to the previous trading day's close of $85.03. Other companies within the Energy industry that increased today were:

Endeavour International

(

END

), up 13.9%,

Forbes Energy Services

(

FES

), up 12.6%,

Clayton Williams Energy

(

CWEI

), up 11.3% and

Global Geophysical Services

(

GGS

), up 10.3%.

Continental Resources, Inc. engages in the exploration, development, and production of crude oil and natural gas properties in the north, south, and east regions of the United States. Continental Resources has a market cap of $15.8 billion and is part of the basic materials sector. The company has a P/E ratio of 19.7, above the S&P 500 P/E ratio of 17.7. Shares are up 15.7% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate Continental Resources a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Continental Resources

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front,

GMX Resources

(

GMXRQ

), down 92.2%,

BMB Munai

(

BMBM

), down 8.9%,

SMF Energy Corporation

(

FUEL

), down 8.1% and

GeoPetro Resources Company

(

GPR

), down 7.0% , were all laggards within the energy industry with

Petroleo Brasileiro SA Petrobras

(

PBR

) being today's energy industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider

Energy Select Sector SPDR

(

XLE

) while those bearish on the energy industry could consider

Proshares Short Oil & Gas

(

DDG

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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