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Should You Buy Continental Resources, Inc. (CLR) Stock After it Is Up 4.36% in a Week?

Wednesday, October 05, 2022 02:34 PM | InvestorsObserver Analysts
Should You Buy Continental Resources, Inc. (CLR) Stock After it Is Up 4.36% in a Week?

Overall market sentiment has been high on Continental Resources, Inc. (CLR) stock lately. CLR receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Continental Resources, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CLR!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CLR Stock Today?

Continental Resources, Inc. (CLR) stock is up 0.22% while the S&P 500 has fallen -0.32% as of 2:31 PM on Wednesday, Oct 5. CLR has risen $0.15 from the previous closing price of $69.75 on volume of 715,193 shares. Over the past year the S&P 500 has fallen -12.13% while CLR has risen 40.56%. CLR earned $8.05 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.68. To see InvestorsObserver's Sentiment Score for Continental Resources, Inc. click here.

More About Continental Resources, Inc.

Continental Resources is a U.S. oil and gas producer targeting in the Bakken Shale in North Dakota, the Delaware Basin in Texas, and the Scoop/Stack plays in Oklahoma. At the end of 2021, the company reported net proven reserves of 1.6 billion barrels of oil equivalent. Net production averaged 330 thousand barrels of oil equivalent per day in 2020, at a ratio of 49% oil and 51% natural gas and NGLs. Click Here to get the full Stock Report for Continental Resources, Inc. stock.

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