NEW YORK (

TheStreet

) --

Continental Resources

(NYSE:

CLR

) hit a new 52-week high Friday as it traded at $71.87 compared with its previous 52-Week high of $71.38. Continental is changing hands at $71.64 with 409,757 shares traded as of 11:11 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Continental has a market cap of $11.8 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 17.6% year to date as of the close of trading on Thursday.

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 70.1, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 16.

  • Practice your CLR trading strategies and win cash in our stock game.

TheStreet Ratings rates Continental as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Continental Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null