Comstock Resources, Inc (NYSE:CRK) has a beta value of 0.12 and has seen 0.72 million shares traded in the recent trading session. The company, currently valued at $6.13B, closed the recent trade at $20.94 per share which meant it gained $0.59 on the day or 2.91% during that session. The CRK stock price is -5.35% off its 52-week high price of $22.06 and 63.04% above the 52-week low of $7.74. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.93 million shares traded. The 3-month trading volume is 2.38 million shares.
The consensus among analysts is that Comstock Resources, Inc (CRK) is Hold stock at the moment, with a recommendation rating of 3.11. 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 0.15.
Comstock Resources, Inc (NYSE:CRK) trade information
Over the past 30 days, the shares of Comstock Resources, Inc (NYSE:CRK) have changed 9.42%. Short interest in the company has seen 20.68 million shares shorted with days to cover at 8.34.
Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could drop -61.08% from the levels at last check today. The projected low price target is $11.0 while the price target rests at a high of $22.0. In that case, then, we find that the latest price level in today’s session is -5.06% off the targeted high while a plunge would see the stock lose 47.47% from the levels at last check today.
Comstock Resources, Inc (CRK) estimates and forecasts
The company’s shares have gained 88.16% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 39.97%.
7 analysts offering their estimates for the company have set an average revenue estimate of 408.99M for the current quarter. 7 have an estimated revenue figure of 405.61M for the next ending quarter. Year-ago sales stood 335.77M and 246.83M respectively for this quarter and the next, and analysts expect sales will grow by 21.81% for the current quarter and 39.97% for the next.
CRK Dividends
Comstock Resources, Inc is expected to release its next earnings report on 2025-Feb-17 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Comstock Resources, Inc (NYSE:CRK)’s Major holders
Insiders own 74.43% of the company shares, while shares held by institutions stand at 31.63% with a share float percentage of 123.70%. Investors are also buoyed by the number of investors in a company, with Comstock Resources, Inc having a total of 334.0 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 5.2153% 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 4.1858% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Trust-iShares Core S&P Small-Cap ETF and DFA INVESTMENT DIMENSIONS GROUP INC-U.S. SMALL CAP VALUE PORTFOLIO. As of Feb 28, 2025, the former fund manager holds about 1.97% shares in the company for having 5.78 shares of worth $123.24 million while later fund manager owns 3.95 shares of worth $84.29 million as of Jan 31, 2025, which makes it owner of about 1.35% of company’s outstanding stock.
