Southern Company (SO) stock appears to be trading at a premium compared to peers.
Southern Company has underperformed peers by a fair margin so far this year.
Currently, Continental Resources (CLR) has an implied volatility of ~34.0%, ~2.7% lower than its 15-day average of ~35%.
In this article, we’ll take a look at the high, low, average, and median analyst target prices for Continental Resources (CLR) stock.
In 2016, Continental Resources (CLR) stock mostly followed an uptrend. The downtrend in the stock in 2017 has come as a result of lower crude oil prices.
Continental Resources (CLR) had a net debt-to-annualized EBITDAX (earnings before interest, tax, depreciation, depletion, amortization, and exploration expenses) ratio of 2.5x in 4Q16.
Let’s take a look at Continental Resources’ (CLR) stock performance in comparison to the performances of the S&P 500 Index and the Dow Jones Oil & Gas Index since 2011.
CLR’s 2017 production is expected to average between 220 Mboepd (thousand barrels of oil equivalent) and 230 Mboepd, compared to ~217 Mboepd in 2016.
CLR’s 2016 average crude oil price was $42.75. At this level, the company had proved reserves of 1.3 MMboe and a standardized or discounted value of $5.5 billion.
Along with increasing its operational efficiencies, Continental Resources (CLR) has been focusing on bringing down its costs.
Continental Resources’ (CLR) proved reserves have risen considerably since 2011. At the end of 2016, CLR had proved reserves of ~1.27 billion barrels of oil equivalent.
Crude oil (UCO) represented 55% of Continental Resources’ (CLR) total production in 4Q16. Oil’s share as a percentage of CLR’s total production has fallen since 4Q14.
Now that we’ve read about Continental Resources’ (CLR) capital expenditure–related objectives, let’s now turn to what the company has planned for its operations in 2017.
Continental Resources’ (CLR) estimated rate of return is $60 per barrel for WTI (West Texas Intermediate) and $3.5 per thousand cubic feet for Henry Hub (or HH) natural gas.
Continental Resources’ (CLR) 2017 production growth guidance range is 220 Mboepd–230 Mboepd (thousand barrels of oil equivalent per day), compared to 217 Mboepd in 2016.
In a presentation by CLR in October 2016, the company claimed that ~75% of its rigs in Oklahoma were located in the STACK and SCOOP regions.
In this series, we’ll focus on Continental Resources’ (CLR) key performance indicators, objectives, and strategies for 2017.
On March 24, 2017, Schlumberger’s (SLB) implied volatility was 19.5%.
On March 21, 2017, Schlumberger (SLB) announced that BP (BP) awarded SLB’s OneSubSea an engineering, procurement, and construction (or EPC) contract.
In the past one year, Schlumberger (SLB) stock is up 6% as of March 24, 2017.