Comstock Resources - CRK Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comstock Resources in the last year. There are currently 2 sell ratings, 8 hold ratings and 2 buy ratings 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.
View CRK analyst ratings or view top-rated stocks.

12 Wall Street research analysts have issued 12-month price targets for Comstock Resources' stock. Their CRK share price forecasts range from $11.00 to $21.00. On average, they predict the company's share price to reach $15.28 in the next year. This suggests a possible upside of 47.3% from the stock's current price.
View analysts price targets for CRK or view top-rated stocks among Wall Street analysts.

Comstock Resources' stock was trading at $13.71 at the beginning of the year. Since then, CRK shares have decreased by 24.4% and is now trading at $10.37.
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Comstock Resources saw a increase in short interest in February. As of February 15th, there was short interest totaling 20,990,000 shares, an increase of 12.7% from the January 31st total of 18,630,000 shares. Based on an average trading volume of 4,810,000 shares, the days-to-cover ratio is currently 4.4 days. Currently, 23.1% of the shares of the stock are short sold.
View Comstock Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our CRK earnings forecast.

Comstock Resources, Inc. (NYSE:CRK) announced its quarterly earnings data on Wednesday, February, 15th. The oil and gas producer reported $1.05 EPS for the quarter, topping the consensus estimate of $0.84 by $0.21. The oil and gas producer had revenue of $922.40 million for the quarter, compared to analyst estimates of $665.87 million. Comstock Resources had a net margin of 31.84% and a trailing twelve-month return on equity of 68.19%. Comstock Resources's quarterly revenue was up 40.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS.

Comstock Resources announced a quarterly dividend on Monday, February 13th. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.125 per share on Wednesday, March 15th. This represents a $0.50 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Tuesday, February 28th.
Read our dividend analysis for CRK.

ETFs with the largest weight of Comstock Resources (NYSE:CRK) stock in their portfolio include Invesco Dynamic Energy Exploration & Production ETF (PXE), Invesco S&P SmallCap Energy ETF (PSCE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Grizzle Growth ETF (GRZZ), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH) and Alpha Architect U.S. Quantitative Value ETF (QVAL).

Comstock Resources (NYSE:CRK) pays an annual dividend of $0.50 per share and currently has a dividend yield of 4.75%. CRK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 12.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRK will have a dividend payout ratio of 18.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRK.

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 number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (2.09%), KGH Ltd (1.98%), Millennium Management LLC (1.23%), Marshall Wace LLP (0.91%), Aventail Capital Group LP (0.81%) and Geode Capital Management LLC (0.69%). 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 $10.37.

Comstock Resources (NYSE:CRK) has a market capitalization of $2.88 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 $4.01 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.