NEW YORK (

TheStreet

) --

Continental Resources

(NYSE:

CLR

) hit a new 52-week high Tuesday as it traded at $65.80 compared with its previous 52-Week high of $65.78. Continental is changing hands at $65.49 with 38,752 shares traded as of 9:31 a.m. ET. Average volume has been 656,800 shares over the past 30 days.

Continental has a market cap of $10.9 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 8.5% year to date as of the close of trading on Friday.

Continental Resources, Inc. engages in the exploration, exploitation, and production of crude oil and natural gas primarily in the north, south, and east regions of the United States. The company has a P/E ratio of 41.2, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Continental as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full

Continental Ratings Report

.

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