P/E ratio for Continental Resources (CLR)
P/E ratio as of March 2023 (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 |
|---|---|---|---|
 EOG Resources EOG | 8.22 | 10.15% | 🇺🇸 USA |
 Marathon Oil
MRO | 4.22 | -43.49% | 🇺🇸 USA |
 Whiting Petroleum WLL | 6.79 | -9.04% | 🇺🇸 USA |
 Northern Oil and Gas NOG | 2.84 | -61.91% | 🇺🇸 USA |
 Bonanza Creek Energy
BCEI | N/A | N/A | 🇺🇸 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.