Continental Reaches New 52-Week High (CLR)

NEW YORK ( TheStreet) -- Continental Resources (NYSE: CLR) hit a new 52-week high Wednesday as it is currently trading at $77.69, above its previous 52-week high of $77.50 with 164,335 shares traded as of 9:35 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Continental has a market cap of $13.44 billion and is part of the basic materials sector and energy industry. Shares are up 11.3% year to date as of the close of trading on Tuesday.

Continental Resources, Inc. engages in the exploration 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 26.8, below the average energy industry P/E ratio of 27.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Continental as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Continental Ratings Report.

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