During the last session, Comstock Resources, Inc. (NYSE:CRK)’s traded shares were 4.89 million, with the beta value of the company hitting 0.48. At the end of the trading day, the stock’s price was $10.20, reflecting an intraday loss of -7.52% or -$0.83. The 52-week high for the CRK share is $13.39, that puts it down -31.27 from that peak though still a striking 30.69% gain since the share price plummeted to a 52-week low of $7.07. The company’s market capitalization is $2.98B, and the average intraday trading volume over the past 10 days was 3.76 million shares, and the average trade volume was 3.42 million shares over the past three months.
Comstock Resources, Inc. (CRK) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.27. CRK has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.08.
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Comstock Resources, Inc. (NYSE:CRK) trade information
Comstock Resources, Inc. (CRK) registered a -7.52% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.52% in intraday trading to $10.20, hitting a weekly high. The stock’s 5-day price performance is -7.10%, and it has moved by -0.10% in 30 days. Based on these gigs, the overall price performance for the year is -13.04%. The short interest in Comstock Resources, Inc. (NYSE:CRK) is 27.71 million shares and it means that shorts have 6.78 day(s) to cover.
The consensus price target of analysts on Wall Street is $9, which implies a decrease of -13.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $11 respectively. As a result, CRK is trading at a discount of -7.84% off the target high and 50.98% off the low.
Comstock Resources, Inc. (CRK) estimates and forecasts
Statistics show that Comstock Resources, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Comstock Resources, Inc. (CRK) shares have gone up 23.34% during the last six months, with a year-to-date growth rate less than the industry average at -170.21% against -6.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -300.00% this quarter and then drop -20.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -13.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 351.96M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 420.02M by the end of current fiscal year.
While earnings are projected to return -142.54% in 2024, the next five years will return 20.00% per annum.
CRK Dividends
Comstock Resources, Inc. is due to release its next quarterly earnings in September. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Comstock Resources, Inc. is 0.25, with the dividend yield indicating at 2.45 percent, continuing the trend of increasing dividends in recent years.
Comstock Resources, Inc. (NYSE:CRK)’s Major holders
Comstock Resources, Inc. insiders own 74.48% of total outstanding shares while institutional holders control 35.43%, with the float percentage being 138.81%. BLACKROCK INC. is the largest shareholder of the company, while 339.0 institutions own stock in it. As of 2024-06-30, the company held over 15.11 million shares (or 5.435% of all shares), a total value of $156.81 million in shares.
The next largest institutional holding, with 12.12 million shares, is of KGH LTD’s that is approximately 4.3621% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $125.86 million.
Also, the Mutual Funds coming in first place with the largest holdings of Comstock Resources, Inc. (CRK) shares are iShares Core S&P Smallcap ETF and DFA U.S. Small Cap Value Series . Data provided on Jul 31, 2024 indicates that iShares Core S&P Smallcap ETF owns about 6.38 shares. This amounts to just over 2.18 percent of the company’s overall shares, with a $65.12 million market value. The same data shows that the other fund manager holds slightly less at 3.1, or about 1.06% of the stock, which is worth about $31.64 million.
