Comstock Resources (CRK) Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Comstock Resources in the last twelve months. There are currently 1 sell rating, 9 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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12 brokers have issued 1 year price targets for Comstock Resources' stock. Their CRK share price forecasts range from $9.00 to $21.00. On average, they anticipate the company's share price to reach $13.50 in the next year. This suggests a possible upside of 39.0% 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 29.2% and is now trading at $9.71.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our CRK earnings forecast.

Comstock Resources, Inc. (NYSE:CRK) posted its earnings results on Tuesday, May, 2nd. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The oil and gas producer had revenue of $489.58 million for the quarter, compared to analyst estimates of $433.84 million. Comstock Resources had a trailing twelve-month return on equity of 52.26% and a net margin of 39.08%. Comstock Resources's revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the business earned $0.51 earnings per share.

Comstock Resources declared a quarterly dividend on Monday, May 1st. Investors of record on Thursday, June 1st will be given a dividend of $0.125 per share on Thursday, June 15th. This represents a $0.50 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for CRK.

ETFs with the largest weight of Comstock Resources (NYSE:CRK) stock in their portfolio include Acquirers Fund ETF (ZIG), Invesco Dynamic Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Invesco S&P SmallCap Energy ETF (PSCE), Grizzle Growth ETF (GRZZ), Pacer US Small Cap Cash Cows 100 ETF (CALF), Alpha Architect U.S. Quantitative Value ETF (QVAL) and Invesco S&P SmallCap 600 Pure Growth ETF (RZG).

Comstock Resources (NYSE:CRK) pays an annual dividend of $0.50 per share and currently has a dividend yield of 5.40%. CRK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 10.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRK will have a dividend payout ratio of 22.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRK.

Comstock Resources shares reverse split on the morning of 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.09%), State Street Corp (3.70%), Dimensional Fund Advisors LP (1.78%), Pacer Advisors Inc. (1.31%), Bank of New York Mellon Corp (1.05%) and Geode Capital Management LLC (0.62%). Insiders that own company stock include Brian Christopher Claunch, Jim L Turner, M Jay Allison, Morris E Foster, Patrick Mcgough, Roland O Burns and Stuart D Porter.
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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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One share of CRK stock can currently be purchased for approximately $9.71.

Comstock Resources (NYSE:CRK) has a market capitalization of $2.69 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 $5.00 on an earnings per share basis.

The company employs 205 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.