In the last trading session, 2.79 million Comstock Resources, Inc (NYSE:CRK) shares changed hands as the company’s beta touched 0.48. With the company’s per share price at $20.86 changed hands at $0.87 or 4.35% during last session, the market valuation stood at $6.10B. CRK’s last price was a premium, traded about 1.39% off its 52-week high of $20.57. The share price had its 52-week low at $7.07, which suggests the last value was 66.11% up since then. When we look at Comstock Resources, Inc’s average trading volume, we note the 10-day average is 2.96 million shares, with the 3-month average coming to 2.18 million.

Analysts gave the Comstock Resources, Inc (CRK) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.22. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended CRK as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Comstock Resources, Inc’s EPS for the current quarter is expected to be 0.03.

Comstock Resources, Inc (NYSE:CRK) trade information

Instantly CRK was in green as seen at the end of in last trading. With action 13.43%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 14.49%, with the 5-day performance at 13.43% in the green. However, in the 30-day time frame, Comstock Resources, Inc (NYSE:CRK) is 23.51% up. Looking at the short shares, we see there were 24.2 million shares sold at short interest cover period of 11.61 days.

The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need a downside of -108.6% from its current market value. According to analyst projections, CRK’s forecast low is 5 with 11 as the target high. To hit the forecast high, the stock’s price needs a 47.27% surge from its current level, while the stock would need to tank 76.03% for it to hit the projected low.

Comstock Resources, Inc (CRK) estimates and forecasts

Data shows that the Comstock Resources, Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 100.00% over the past 6 months, a -185.11% in annual growth rate that is considerably lower than the industry average of -9.60%. Year-over-year growth is forecast to reach -17.84% down from the last financial year.

Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 375.47M. 9 analysts are of the opinion that Comstock Resources, Inc’s revenue for the current quarter will be 409M. The company’s revenue for the corresponding quarters a year ago was 410.58M and 335.77M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -8.55%. The estimates for the next quarter sales put growth at 21.81%.

The 2025 estimates are for Comstock Resources, Inc earnings to decrease by -179.57%, but the outlook for the next 5-year period is at 0.89% per year.

CRK Dividends

Comstock Resources, Inc is expected to release its next quarterly earnings report in February.

Comstock Resources, Inc (NYSE:CRK)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 74.46% of Comstock Resources, Inc shares while 32.57% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 127.51%. There are 32.57% institutions holding the Comstock Resources, Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 5.435% of the shares, roughly 15.11 million CRK shares worth $156.81 million.

KGH LTD holds the second largest percentage of outstanding shares, with 4.3621% or 12.12 million shares worth $125.86 million as of 2024-06-30.

Among Mutual Funds, the top two as of Oct 31, 2024 were iShares Core S&P Smallcap ETF and DFA U.S. Small Cap Value Series . With 5.76 shares estimated at $120.09 million under it, the former controlled 1.97% of total outstanding shares. On the other hand, DFA U.S. Small Cap Value Series held about 1.42% of the shares, roughly 4.14 shares worth around $86.46 million.