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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

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 0.6%. By the end of trading, Continental Resources rose $1.05 (1.2%) to $85.58 on average volume. Throughout the day, 1,611,270 shares of Continental Resources exchanged hands as compared to its average daily volume of 1,150,400 shares. The stock ranged in a price between $84.82-$87.47 after having opened the day at $85.90 as compared to the previous trading day's close of $84.53. Other companies within the Energy industry that increased today were: Royale Energy ( ROYL), up 13.9%, Spectra Energy ( SE), up 11.1%, Zion Oil & Gas ( ZN), up 7.4% and Spectra Energy Partners ( SEP), up 6.2%.
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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 $15.9 billion and is part of the basic materials sector. The company has a P/E ratio of 19.2, above the S&P 500 P/E ratio of 17.7. Shares are up 15.0% year to date as of the close of trading on Tuesday. Currently there are 14 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, impressive record of earnings per share growth and compelling growth in net income. 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, Recovery Energy ( RECV), down 6.2%, Ivanhoe Energy ( IVAN), down 6.2%, Andatee China Marine Fuel Services Corporat ( AMCF), down 6.2% and Dejour Energy ( DEJ), down 5.5% , 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).

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