In last trading session, Comstock Resources, Inc. (NYSE:CRK) saw 3.91 million shares changing hands with its beta currently measuring 0.70. Company’s recent per share price level of $8.40 trading at $0.04 or 0.48% at ring of the bell on the day assigns it a market valuation of $2.34B. That closing price of CRK’s stock is at a discount of -59.4% from its 52-week high price of $13.39 and is indicating a premium of 15.83% from its 52-week low price of $7.07. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.6 million shares which gives us an average trading volume of 4.72 million if we extend that period to 3-months.
Comstock Resources, Inc. (NYSE:CRK) trade information
Upright in the green during last session for gaining 0.48%, in the last five days CRK remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $8.40 price level, adding 0.94% to its value on the day. Comstock Resources, Inc.’s shares saw a change of -5.08% in year-to-date performance and have moved 5.00% in past 5-day. Comstock Resources, Inc. (NYSE:CRK) showed a performance of 1.20% in past 30-days. Number of shares sold short was 25.43 million shares which calculate 5.01 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 lost -19.77% of value to its shares in past 6 months, showing an annual growth rate of -2.13% while that of industry is -1.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -0.20% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $371.11 million for the same. And 9 analysts are in estimates of company making revenue of $358.28 million in the next quarter that will end on Jun 2024. Company posted $489.58 million and $347.67 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -24.20% while estimating it to be 3.10% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around -41.82% while estimates for its earnings growth in next 5 years are of 20.00%.
CRK Dividends
Comstock Resources, Inc. is more likely to be releasing its next quarterly report between April 30 and May 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Comstock Resources, Inc. (NYSE:CRK)’s Major holders
Insiders are in possession of 67.66% of company’s total shares while institution are holding 37.03 percent of that, with stock having share float percentage of 114.50%. Investors also watch the number of corporate investors in a company very closely, which is 37.03% institutions for Comstock Resources, Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CRK for having 15.11 million shares of worth $126.9 million. And as of Dec 30, 2023, it was holding 5.43% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 10.83 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 3.89% of outstanding shares, having a total worth of $90.96 million.
On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and iShares Core S&P Smallcap ETF are the top two Mutual Funds which own company’s shares. As of Jan 30, 2024, the former fund manager was holding 7.24 million shares of worth $60.83 million or 2.60% of the total outstanding shares. The later fund manager was in possession of 6.26 million shares on Jan 30, 2024, making its stake of worth around $52.61 million in the company or a holder of 2.25% of company’s stock.
