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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Continental Resources ( CLR) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Continental Resources fell $3.50 (-3.2%) to $105.53 on average volume. Throughout the day, 1,852,389 shares of Continental Resources exchanged hands as compared to its average daily volume of 1,377,600 shares. The stock ranged in price between $104.50-$110.97 after having opened the day at $110.92 as compared to the previous trading day's close of $109.03. Other companies within the Energy industry that declined today were: InterOil Corporation ( IOC), down 37.4%, Genie Energy Ltd Class B ( GNE), down 11.0%, Gastar Exploration ( GST), down 8.9% and Goodrich Petroleum ( GDP), down 8.5%.

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 $20.4 billion and is part of the basic materials sector. The company has a P/E ratio of 23.8, above the S&P 500 P/E ratio of 17.7. Shares are up 48.4% year to date as of the close of trading on Thursday. Currently there are 13 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, 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 generally high debt management risk by most measures that we evaluated.

On the positive front, Andatee China Marine Fuel Services Corporat ( AMCF), up 26.8%, Double Eagle Petroleum Company ( DBLE), up 9.7%, VAALCO Energy ( EGY), up 9.3% and Samson Oil & Gas ( SSN), up 6.8% , were all gainers within the energy industry with Exxon Mobil Corporation ( XOM) being today's featured energy industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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