In the last trading session, 1.7 million shares of the Comstock Resources, Inc (NYSE:CRK) were traded, and its beta was 0.45. Most recently the company’s share price was $20.26, and it changed around $0.02 or 0.10% from the last close, which brings the market valuation of the company to $5.93B. CRK currently trades at a discount to its 52-week high of $22.06, offering almost -8.88% off that amount. The share price’s 52-week low was $7.74, which indicates that the current value has risen by an impressive 61.8% since then. We note from Comstock Resources, Inc’s average daily trading volume that its 10-day average is 1.93 million shares, with the 3-month average coming to 2.44 million.
Comstock Resources, Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.11. If we narrow it down even further, the data shows that 1 out of 15 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 11 recommended CRK as a Hold, whereas 1 deemed it a Buy, and 2 rated it as Underweight. Comstock Resources, Inc is expected to report earnings per share of 0.15 for the current quarter.
Comstock Resources, Inc (NYSE:CRK) trade information
Instantly CRK has showed a green trend with a performance of 0.10% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 20.58 on recent trading dayincreased the stock’s daily price by 1.55%. The company’s shares are currently up 11.20% year-to-date, but still up 4.70% over the last five days. On the other hand, Comstock Resources, Inc (NYSE:CRK) is 6.07% up in the 30-day period. We can see from the shorts that 20.68 million shares have been sold at a short interest cover period of 8.34 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to decrease their stock price by -84.18% from its current value. Analyst projections state that CRK is forecast to be at a low of $10 and a high of $13.
Comstock Resources, Inc (CRK) estimates and forecasts
The year-over-year growth rate is expected to be 40.78%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 408.5M in revenue for the current quarter. 7 analysts expect Comstock Resources, Inc to make 408.03M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 335.77M and 246.83M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.66%. Forecasts for the next quarter put sales growth at 65.31%.
CRK Dividends
Comstock Resources, Inc’s next quarterly earnings report is expected to be released on 2025-Feb-17.
Comstock Resources, Inc (NYSE:CRK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 74.43% of Comstock Resources, Inc shares, and 31.60% of them are in the hands of institutional investors. The stock currently has a share float of 123.58%. Comstock Resources, Inc stock is held by 335.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 5.2153% of the shares, which is about 15.11 million shares worth $156.81 million.
KGH LTD, with 4.1858% or 12.12 million shares worth $125.86 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Small-Cap ETF and U.S. SMALL CAP VALUE PORTFOLIO were the top two Mutual Funds as of Feb 28, 2025 . The former held 5.78 shares worth $117.0 million, making up 1.97% of all outstanding shares. On the other hand, U.S. SMALL CAP VALUE PORTFOLIO held roughly 4.14 shares worth around $83.98 million, which represents about 1.42% of the total shares outstanding.
