Comstock Resources (CRK) Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Comstock Resources in the last year. There are currently 1 sell rating, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CRK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CRK, but not buy additional shares or sell existing shares.
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11 analysts have issued 12 month target prices for Comstock Resources' shares. Their CRK share price forecasts range from $12.00 to $21.00. On average, they predict the company's stock price to reach $13.75 in the next year. This suggests a possible upside of 27.4% from the stock's current price.
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Comstock Resources' stock was trading at $13.71 at the start of the year. Since then, CRK shares have decreased by 21.3% and is now trading at $10.79.
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Comstock Resources saw a increase in short interest in August. As of August 15th, there was short interest totaling 16,910,000 shares, an increase of 10.3% from the July 31st total of 15,330,000 shares. Based on an average daily volume of 3,260,000 shares, the short-interest ratio is presently 5.2 days. Approximately 18.7% of the company's stock are short sold.
View Comstock Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our CRK earnings forecast.

Comstock Resources will be holding an earnings conference call on Tuesday, October 31st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Comstock Resources, Inc. (NYSE:CRK) released its earnings results on Tuesday, May, 2nd. The oil and gas producer reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. The oil and gas producer had revenue of $489.58 million for the quarter, compared to the consensus estimate of $433.84 million. Comstock Resources had a trailing twelve-month return on equity of 33.28% and a net margin of 33.36%. The company's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS.

Comstock Resources announced a quarterly dividend on Monday, July 31st. Shareholders of record on Friday, September 1st will be given a dividend of $0.125 per share on Friday, September 15th. This represents a $0.50 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for CRK.

ETFs with the largest weight of Comstock Resources (NYSE:CRK) stock in their portfolio include The Acquirers Fund (ZIG), Invesco Energy Exploration & Production ETF (PXE), Invesco S&P SmallCap Energy ETF (PSCE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), First Trust Natural Gas ETF (FCG), Euclidean Fundamental Value ETF (ECML) and Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH).

Comstock Resources (NYSE:CRK) pays an annual dividend of $0.50 per share and currently has a dividend yield of 4.73%. CRK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 14.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRK will have a dividend payout ratio of 25.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRK.

Shares of Comstock Resources reverse split before market open on Monday, August 1st 2016. The 1-5 reverse split was announced on Wednesday, July 20th 2016. The number of shares owned by shareholders was adjusted after the closing bell on Friday, July 29th 2016. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Comstock Resources investors own include CVS Health (CVS), Advanced Micro Devices (AMD), Bank of America (BAC), Micron Technology (MU), Pfizer (PFE), AT&T (T), Alibaba Group (BABA), Chesapeake Energy (CHKAQ), Constellation Brands (STZ) and AbbVie (ABBV).

Comstock Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRK."

Comstock Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.21%), State Street Corp (3.38%), Dimensional Fund Advisors LP (1.70%), Bank of New York Mellon Corp (1.17%), Woodline Partners LP (0.94%) and Geode Capital Management LLC (0.65%). Insiders that own company stock include Brian Christopher Claunch, Jim L Turner, M Jay Allison, Morris E Foster, Patrick Mcgough and Roland O Burns.
View institutional ownership trends.

Shares of CRK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CRK stock can currently be purchased for approximately $10.79.

Comstock Resources (NYSE:CRK) has a market capitalization of $3.00 billion and generates $3.63 billion in revenue each year. The oil and gas producer earns $1.14 billion in net income (profit) each year or $3.47 on an earnings per share basis.

The company employs 244 workers across the globe.

Comstock Resources' mailing address is 5300 TOWN AND COUNTRY BLVD STE 500, FRISCO TX, 75034. The official website for the company is www.crkfrisco.com. The oil and gas producer can be reached via phone at (972) 668-8800, via email at investor@comstockresources.com, or via fax at 972-668-8812.