Continental Reaches New 52-Week High (CLR)

NEW YORK ( TheStreet) -- Continental Resources (NYSE: CLR) hit a new 52-week high Thursday as it is currently trading at $94.02, above its previous 52-week high of $93.99 with 94,629 shares traded as of 9:36 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Continental has a market cap of $17.2 billion and is part of the basic materials sector and energy industry. Shares are up 25.9% year to date as of the close of trading on Wednesday.

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.

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TheStreet Ratings rates Continental 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, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Continental Ratings Report.

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