Comstock Resources, Inc (NYSE:CRK) has a beta value of 0.19 and has seen 2.33 million shares traded in the last trading session. The company, currently valued at $5.34B, closed the last trade at $18.22 per share which meant it lost -$0.42 on the day or -2.25% during that session. The CRK stock price is -21.08% off its 52-week high price of $22.06 and 57.52% 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 2.39 million shares traded. The 3-month trading volume is 2.43 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 0.16.
Comstock Resources, Inc (NYSE:CRK) trade information
Sporting -2.25% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CRK stock price touched $18.22 or saw a rise of 10.2%. Year-to-date, Comstock Resources, Inc shares have moved 0.00%, while the 5-day performance has seen it change -4.46%. Over the past 30 days, the shares of Comstock Resources, Inc (NYSE:CRK) have changed -8.53%. Short interest in the company has seen 20.95 million shares shorted with days to cover at 9.73.
Wall Street analysts have a consensus price target for the stock at $17.5, which means that the shares’ value could drop -4.11% from current levels. The projected low price target is $13.0 while the price target rests at a high of $22.0. In that case, then, we find that the current price level is -20.75% off the targeted high while a plunge would see the stock lose 28.65% from current levels.
Comstock Resources, Inc (CRK) estimates and forecasts
The company’s shares have gained 56.93% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 44.32%.
8 analysts offering their estimates for the company have set an average revenue estimate of 414.54M for the current quarter. 7 have an estimated revenue figure of 425.94M 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 23.46% for the current quarter and 44.32% 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 31.52% with a share float percentage of 123.27%. Investors are also buoyed by the number of investors in a company, with Comstock Resources, Inc having a total of 340.0 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 Mar 31, 2025 , the former fund manager holds about 1.91% shares in the company for having 5.6 shares of worth $102.07 million while later fund manager owns 3.95 shares of worth $71.96 million as of Jan 31, 2025 , which makes it owner of about 1.35% of company’s outstanding stock.
