Comstock Resources Stock Price, News & Analysis (NYSE:CRK)

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comstock Resources in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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8 Wall Street analysts have issued 12 month price targets for Comstock Resources' stock. Their CRK share price targets range from $12.00 to $15.00. On average, they anticipate the company's stock price to reach $12.71 in the next twelve months. This suggests a possible upside of 40.5% from the stock's current price.
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Comstock Resources' stock was trading at $13.71 at the beginning of the year. Since then, CRK shares have decreased by 34.0% and is now trading at $9.05.
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Comstock Resources saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 20,510,000 shares, an increase of 16.8% from the October 31st total of 17,560,000 shares. Based on an average daily volume of 3,470,000 shares, the short-interest ratio is currently 5.9 days. Approximately 22.6% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
View our CRK earnings forecast.

Comstock Resources, Inc. (NYSE:CRK) announced its quarterly earnings data on Monday, October, 30th. The oil and gas producer reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by $0.02. The oil and gas producer earned $376.74 million during the quarter, compared to the consensus estimate of $345.10 million. Comstock Resources had a trailing twelve-month return on equity of 17.11% and a net margin of 30.01%. The company's quarterly revenue was down 68.3% on a year-over-year basis. During the same period last year, the business earned $1.18 earnings per share.

Comstock Resources declared a quarterly dividend on Monday, October 30th. Investors of record on Friday, December 1st will be paid a dividend of $0.125 per share on Friday, December 15th. This represents a $0.50 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date is Thursday, November 30th.
Read our dividend analysis for CRK.

Comstock Resources (NYSE:CRK) pays an annual dividend of $0.50 per share and currently has a dividend yield of 4.95%. CRK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 22.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRK will have a dividend payout ratio of 33.78% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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 market closes 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' stock is owned by many different retail and institutional investors. Top institutional shareholders include KGH Ltd (3.08%), Bank of New York Mellon Corp (1.18%), Morgan Stanley (0.74%), Invesco Ltd. (0.54%), Heartland Advisors Inc. (0.53%) and American Century Companies Inc. (0.47%). Insiders that own company stock include Brian Christopher Claunch, Jim L Turner, M Jay Allison, Morris E Foster, Patrick Mcgough and Roland O Burns.
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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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