In last trading session, Comstock Resources, Inc. (NYSE:CRK) saw 1,053,326 shares changing hands. Company’s recent per share price level of $4.125 trading at -$0.3 or -6.98% at recent trade assigns it a market valuation of $957.37 Million. That current price of CRK’s stock is at a discount of -159.39% from its 52-week high price of $10.7 and is indicating a premium of 1.82% from its 52-week low price of $4.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.65 Million shares which gives us an average trading volume of 1.54 Million if we extend that period to 3-months.
For Comstock Resources, Inc. (CRK), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2. Splitting up the data highlights that, out of 7 analysts covering the stock, none rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 5 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.02 in the current quarter.
Comstock Resources, Inc. (NYSE:CRK) trade information
In the face of being in the red today for losing -7.21%, in the last five days CRK remained trading in the green while hitting it’s week-highest on Monday, Jun 22 when the stock touched $4.77-1 price level, adding 13.84% to its value on the day. Comstock Resources, Inc.’s shares saw a change of -50.06% in year-to-date performance and have moved -12.18% in past 5-day. Comstock Resources, Inc. (NYSE:CRK) showed a performance of -20.35% in past 30-days. Number of shares sold short was 1.63 Million shares which calculate 1.06 days to cover the short interests.
Comstock Resources, Inc. (CRK) estimates and forecasts
Statistics highlight that Comstock Resources, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -42.34% of value to its shares in past 6 months, showing an annual growth rate of -46.75% while that of industry is -32.7. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -83.3% in the current quarter and calculating -52.9% decline in the next quarter. This year revenue growth is estimated to rise 24.5% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $213.1 Million for the same. And 5 analysts are in estimates of company making revenue of $242.09 Million in the next quarter that will end in September 01, 2020. Company posted $129.18 Million and $224.44 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 65% while estimating it to be 7.9% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 15.6% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 239.1% while estimates for its earnings growth in next 5 years are of 20%
Comstock Resources, Inc. (NYSE:CRK)’s Major holders
Insiders are in possession of 90.12% of company’s total shares while institution are holding 2.99% percent of that, with stock having share float percentage of 30.27%. Investors also watch the number of corporate investors in a company very closely, which is 104 institutions for Comstock Resources, Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CRK for having 1.13 Million shares of worth $6.11 Million. And as of March 30, 2020, it was holding 0.49% of the company’s outstanding shares.
The second largest institutional holder is Bridgeway Capital Management, Inc., which was holding about 933.3 Thousand shares on March 30, 2020. The number of shares represents firm’s hold over 0.4% of outstanding shares, having a total worth of $5.03 Million.
On the other hand, Bridgeway Fds Inc-Omni Small Cap Value Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 642800 shares of worth $3.46 Million or 0.28% of the total outstanding shares. The later fund manager was in possession of 323.67 Thousand shares on March 30, 2020, making its stake of worth around $1.74 Million in the company or a holder of 0.14% of company’s stock.