Continental Resources, Inc.
Continental Resources, Inc. (NYSE: CLR) is an independent crude oil and natural gas business involved in crude oil and natural gas exploration, development, and production. It is a North Dakota-based oil and gas producer with interests in the Bakken Shale, the Delaware Basin in Texas, and the Scoop/Stack plays in Oklahoma.
Key Highlights:
- The company reported a 93.74% increase in total revenues to USD 1.34 billion in Q3FY21 (ended September 30, 2021) compared to USD 0.69 billion in Q3FY20.
- CLR reported an increase in net income to USD 370.52 million in Q3FY21 vs. a loss of USD 81.58 million in Q3FY20.
- The company has been operating at an ROE of 5.5% in Q3FY21 vs. an industry median of 2.9%.
- On January 18, 2022, CLR stated that Jack Stark, President and Chief Operating Officer, intends to retire in late Spring 2022.
- The stock is now trading above its critical short-term (50-day) and long-term (200-day) DMA support levels, with the RSI Index at 49.96.
- Stock is leaning towards the higher band of the 52-week range of USD 18.03 to USD 55.48.
- CLR stock price has surged 40.65 and 88.14% in the past six and nine months, respectively.
Technical Price Chart (as of January 21, 2022). Analysis by Kalkine
Conclusion: Considering the current trading levels, macroeconomic conditions, margins pressure, and technical indicators, we recommend a "Watch" rating on the stock at the current price of USD 48.37, down 4.05% as of January 21, 2022, at 3:04 PM ET
*The reference data in this report has been partly sourced from REFINITIV.
Peloton Interactive, Inc.
Peloton Interactive, Inc. (NASDAQ: PTON) is the leading interactive exercise platform, with over 6.2 million members as of September 30, 2021. It divides its operations into two reportable segments: Connected Fitness Products and Subscription.
Key Highlights:
- The company reported an increase in total revenues to USD 805.2 million in Q1FY22 (ended September 30, 2021) compared to USD 757.9 million in Q1FY21.
- It has incurred net losses of USD 376 million in Q1FY22 vs. a net income of USD 69.3 million in Q1FY21.
- PTON had an ROE of -23.1% in Q1FY22, compared to the industry median of 7.9%. In Q1FY22, the company's cash conversion cycle was 194 days, compared to the industry median of 70 days.
- The stock is now trading below its key short-term (50-day) and long-term (200-day) DMA support levels, with the RSI Index at 36.01, indicating a bearish trend.
- Stock is leaning towards the lower band of the 52-week range of USD 23.25 to USD 166.57.
- PTON stock price has fallen 27.34 and 70.74% in the past one and three months, respectively.
Technical Price Chart (as of January 21, 2022). Analysis by Kalkine
Conclusion: Considering the bottom-line pressure, uncertain outlook, fundamentally weak metrics, and technical indicators, we recommend an "Avoid" rating on the stock at the current price of USD 27.46, up 13.38% as of January 21, 2022, at 3:20 PM ET.
*The reference data in this report has been partly sourced from REFINITIV.
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