Reason: Acquired by Hamm Family
Last recorded trade on: November 25, 2022
Source: https://www.prnewswire.com/news-releases/continental-resources-announces-definitive-agreement-to-be-acquired-by-the-hamm-family-301650435.html
P/E ratio for Continental Resources (CLR)
P/E ratio on November 25, 2022 (TTM): 7.46
According to Continental Resources 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.46432. At the end of 2021 the company had a P/E ratio of 9.71.
P/E ratio history for Continental Resources from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.71 | -198.28% |
| 2020 | -9.88 | -160.19% |
| 2019 | 16.4 | 8.21% |
| 2018 | 15.2 | -38.98% |
| 2017 | 24.9 | -152.56% |
| 2016 | -47.3 | 97.31% |
| 2015 | -24.0 | |
| 2013 | 27.1 | |
| 2011 | 28.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 10.5 | 40.55% | 🇺🇸 USA |
 | 8.85 | 18.54% | 🇺🇸 USA |
 | 6.79 | -9.04% | 🇺🇸 USA |
 | N/A | N/A | 🇺🇸 USA |
 | 3.32 | -55.53% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.