Comstock Resources Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comstock Resources in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Comstock Resources stock. 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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Wall Street analysts have given Comstock Resources a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Comstock Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Comstock Resources saw a decrease in short interest during the month of August. As of August 13th, there was short interest totaling 6,110,000 shares, a decrease of 22.2% from the July 29th total of 7,850,000 shares. Based on an average trading volume of 2,830,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 7.6% of the company's shares are sold short.
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Comstock Resources is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Comstock Resources.

Comstock Resources, Inc. (NYSE:CRK) released its quarterly earnings data on Tuesday, August, 3rd. The oil and gas producer reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.18 by $0.04. The oil and gas producer earned $343.69 million during the quarter, compared to analysts' expectations of $319.05 million. Comstock Resources had a negative net margin of 31.52% and a positive trailing twelve-month return on equity of 13.82%.
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Comstock Resources' stock was trading at $4.79 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CRK stock has increased by 85.0% and is now trading at $8.86.
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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 Comstock Resources stock prior to the reverse split would have 20 shares after the split.

Comstock Resources issued an update on its second quarter earnings guidance on Tuesday, August, 3rd. The company provided EPS guidance of $0.22 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.17. The company issued revenue guidance of $324.8 million, compared to the consensus revenue estimate of $316.74 million.

7 brokerages have issued twelve-month target prices for Comstock Resources' shares. Their forecasts range from $5.00 to $9.00. On average, they expect Comstock Resources' share price to reach $6.60 in the next twelve months. This suggests that the stock has a possible downside of 25.5%.
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Some companies that are related to Comstock Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Devon Energy (DVN), Continental Resources (CLR), Diamondback Energy (FANG), Marathon Oil (MRO), Cimarex Energy (XEC), Cabot Oil & Gas (COG), EQT (EQT), Southwestern Energy (SWN), Range Resources (RRC), PDC Energy (PDCE), Matador Resources (MTDR) and SM Energy (SM).
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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 Jefferies Group LLC (0.00%), Bank of New York Mellon Corp (2.40%), BlackRock Inc. (2.40%), Vanguard Group Inc. (1.60%), Slate Path Capital LP (1.54%) and Millennium Management LLC (1.07%). Company insiders that own Comstock Resources stock include Jim L Turner, M Jay Allison, Roland O Burns, Russell W Romoser and Stuart D Porter.
View institutional ownership trends for Comstock Resources.

CRK stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Deutsche Bank AG, Susquehanna International Group LLP, Putnam Investments LLC, Squarepoint Ops LLC, Goldman Sachs Group Inc., First Trust Advisors LP, and Group One Trading L.P..
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CRK stock was acquired by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Slate Path Capital LP, BlackRock Inc., Vaughan Nelson Investment Management L.P., Millennium Management LLC, Qube Research & Technologies Ltd, Marshall Wace North America L.P., and Marshall Wace LLP. Company insiders that have bought Comstock Resources stock in the last two years include Jim L Turner, M Jay Allison, and Roland O Burns.
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Shares of CRK 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 $8.86.

Comstock Resources has a market capitalization of $2.06 billion and generates $858.20 million in revenue each year. The oil and gas producer earns $-52,420,000.00 in net income (profit) each year or $0.23 on an earnings per share basis.

Comstock Resources employs 204 workers across the globe.

The official website for Comstock Resources is www.crkfrisco.com.

Comstock Resources is headquartered at 5300 TOWN AND COUNTRY BLVD STE 500, FRISCO TX, 75034.

Comstock Resources' mailing address is 5300 TOWN AND COUNTRY BLVD STE 500, FRISCO TX, 75034. The oil and gas producer can be reached via phone at (972) 668-8800 or via email at [email protected]