NEW YORK (
) 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
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.
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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
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