Comstock Resources - CRK Stock Forecast, Price & News

7 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, 3 hold ratings and 3 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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7 Wall Street analysts have issued twelve-month price targets for Comstock Resources' stock. Their CRK share price forecasts range from $11.50 to $21.00. On average, they anticipate the company's share price to reach $16.25 in the next twelve months. This suggests that the stock has a possible downside of 8.9%.
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Comstock Resources' stock was trading at $8.09 at the beginning of the year. Since then, CRK shares have increased by 120.4% and is now trading at $17.83.
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Comstock Resources saw a increase in short interest in July. As of July 31st, there was short interest totaling 15,310,000 shares, an increase of 8.7% from the July 15th total of 14,080,000 shares. Based on an average daily trading volume, of 3,820,000 shares, the days-to-cover ratio is currently 4.0 days. Currently, 19.1% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our CRK earnings forecast.

Comstock Resources, Inc. (NYSE:CRK) announced its earnings results on Monday, August, 1st. The oil and gas producer reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.05. The oil and gas producer had revenue of $946.25 million for the quarter, compared to the consensus estimate of $627.80 million. Comstock Resources had a net margin of 12.80% and a trailing twelve-month return on equity of 63.77%. Comstock Resources's quarterly revenue was up 175.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS.

Comstock Resources's stock 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 retail and institutional investors. Top institutional investors include State Street Corp (3.11%), Vaughan Nelson Investment Management L.P. (0.62%), Northern Trust Corp (0.53%), Renaissance Technologies LLC (0.50%), Cubist Systematic Strategies LLC (0.46%) and Bank of Montreal Can (0.37%). Insiders that own company stock include Jim L Turner, M Jay Allison, Patrick Mcgough, Roland O Burns, Russell W Romoser 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 $17.83.

Comstock Resources (NYSE:CRK) has a market capitalization of $4.16 billion and generates $1.85 billion in revenue each year. The oil and gas producer earns $-241,730,000.00 in net income (profit) each year or $0.90 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.