Comstock Resources, Inc. (NYSE:CRK) has a beta value of 0.47 and has seen 0.43 million shares traded in the recent trading session. The company, currently valued at $3.34B, closed the recent trade at $11.41 per share which meant it gained $0.13 on the day or 1.20% during that session. The CRK stock price is -17.35% off its 52-week high price of $13.39 and 38.04% above the 52-week low of $7.07. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.53 million shares traded. The 3-month trading volume is 3.25 million shares.
The consensus among analysts is that Comstock Resources, Inc. (CRK) is Hold stock at the moment, with a recommendation rating of 3.27. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.12.
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Comstock Resources, Inc. (NYSE:CRK) trade information
Sporting 1.20% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CRK stock price touched $11.41 or saw a rise of 1.72%. Year-to-date, Comstock Resources, Inc. shares have moved 28.98%, while the 5-day performance has seen it change 15.07%. Over the past 30 days, the shares of Comstock Resources, Inc. (NYSE:CRK) have changed -0.13%. Short interest in the company has seen 28.38 million shares shorted with days to cover at 6.83.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could drop -26.78% from the levels at last check today. The projected low price target is $5.0 while the price target rests at a high of $11.0. In that case, then, we find that the latest price level in today’s session is 3.59% off the targeted high while a plunge would see the stock lose 56.18% from the levels at last check today.
Comstock Resources, Inc. (CRK) estimates and forecasts
Figures show that Comstock Resources, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 33.20% over the past 6 months, with this year growth rate of -178.72%, compared to -9.60% for the industry. Revenue growth from the last financial year stood is estimated to be -14.90%.
8 analysts offering their estimates for the company have set an average revenue estimate of 335.51M for the current quarter. 8 have an estimated revenue figure of 408.96M for the next ending quarter.
Earnings growth for 2024 is a modest -159.97% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
CRK Dividends
Comstock Resources, Inc. is expected to release its next earnings report on 2024-Oct-28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.12 at a share yield of 1.10%. The company’s dividend yield has gone up over the past 12 months.
Comstock Resources, Inc. (NYSE:CRK)’s Major holders
Insiders own 74.48% of the company shares, while shares held by institutions stand at 35.04% with a share float percentage of 137.29%. Investors are also buoyed by the number of investors in a company, with Comstock Resources, Inc. having a total of 338.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 15.11 million shares worth more than $156.81 million. As of 2024-06-30, BLACKROCK INC. held 5.435% of shares outstanding.
The other major institutional holder is KGH LTD, with the holding of over 12.12 million shares as of 2024-06-30. The firm’s total holdings are worth over $125.86 million and represent 4.3621% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and DFA U.S. Small Cap Value Series. As of Aug 31, 2024, the former fund manager holds about 2.23% shares in the company for having 6.51 shares of worth $74.07 million while later fund manager owns 3.1 shares of worth $35.31 million as of Apr 30, 2024, which makes it owner of about 1.06% of company’s outstanding stock.
