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NYSE:CRK

Comstock Resources - CRK Stock Forecast, Price & News

$17.19
-0.10 (-0.58%)
(As of 08/12/2022 11:09 AM ET)
Add
Compare
Today's Range
$16.92
$17.39
50-Day Range
$11.14
$21.48
52-Week Range
$5.05
$22.11
Volume
22,469 shs
Average Volume
3.65 million shs
Market Capitalization
$4.01 billion
P/E Ratio
19.10
Dividend Yield
N/A
Price Target
$16.25

Comstock Resources MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
6.0% Downside
$16.25 Price Target
Short Interest
Bearish
19.14% of Float Sold Short
Dividend Strength
N/A
Sustainability
-7.89
Upright™ Environmental Score
News Sentiment
0.68mentions of Comstock Resources in the last 14 days
Based on 12 Articles This Week
Insider Trading
Acquiring Shares
$427,968 Bought Last Quarter
Proj. Earnings Growth
30.56%
From $3.37 to $4.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.97 out of 5 stars

Oils/Energy Sector

185th out of 256 stocks

Crude Petroleum & Natural Gas Industry

66th out of 78 stocks

CRK stock logo

About Comstock Resources (NYSE:CRK) Stock

Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States. As of December 31, 2021, the company had 6.1 trillion cubic feet of the natural gas equivalent of proved reserves. It also owns interests in 2,557 producing oil and natural gas wells. The company was incorporated in 1919 and is headquartered in Frisco, Texas.

Wall Street Analyst Weigh In

CRK has been the subject of a number of research analyst reports. Piper Sandler raised Comstock Resources from an "underweight" rating to a "neutral" rating and increased their price target for the company from $16.00 to $17.00 in a research report on Tuesday, August 2nd. Truist Financial lifted their target price on Comstock Resources from $14.00 to $19.00 in a research note on Thursday, April 21st. TheStreet upgraded shares of Comstock Resources from a "c" rating to a "b-" rating in a research report on Monday, August 1st. The Goldman Sachs Group lowered shares of Comstock Resources from a "neutral" rating to a "sell" rating and set a $12.00 price objective on the stock. in a research report on Monday, July 18th. Finally, Citigroup reissued a "buy" rating and set a $17.00 target price on shares of Comstock Resources in a research report on Thursday, July 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $16.25.

Comstock Resources Stock Up 7.9 %

Shares of NYSE:CRK opened at $17.29 on Friday. The business has a 50-day simple moving average of $15.06 and a two-hundred day simple moving average of $13.48. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.97. The company has a market cap of $4.03 billion, a P/E ratio of 19.21 and a beta of 1.42. Comstock Resources has a 52 week low of $5.05 and a 52 week high of $22.11.

Comstock Resources (NYSE:CRK - Get Rating) last released its earnings results on Monday, August 1st. The oil and gas producer reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.05. Comstock Resources had a net margin of 12.80% and a return on equity of 63.77%. The company had revenue of $946.25 million for the quarter, compared to analysts' expectations of $627.80 million. During the same quarter in the previous year, the company earned $0.22 EPS. Comstock Resources's revenue for the quarter was up 175.3% on a year-over-year basis. Research analysts anticipate that Comstock Resources will post 3.37 earnings per share for the current fiscal year.

Insider Activity

In other Comstock Resources news, VP Patrick Mcgough bought 28,800 shares of the firm's stock in a transaction that occurred on Monday, August 8th. The shares were bought at an average price of $14.86 per share, with a total value of $427,968.00. Following the purchase, the vice president now owns 92,190 shares of the company's stock, valued at $1,369,943.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company's stock.

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CRK Stock News Headlines

Shares of CRK Up 94.2% Since Uptrend Call on Shares
Wednesday 8/10 Insider Buying Report: CRK, KD
Comstock Resources (CRK) Set to Announce Earnings on Monday
Comstock Resources (NYSE:CRK) Upgraded at Piper Sandler
Comstock Resources (NYSE:CRK) Rating Reiterated by Citigroup
6 Analysts Have This to Say About Comstock Res
Comstock Resources Stock Continues To Gain
Comstock Resources (NYSE:CRK) Price Target Cut to $21.00
See More Headlines
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CRK Company Calendar

Last Earnings
8/01/2022
Today
8/12/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
20576820
Employees
205
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.25
High Stock Price Forecast
$21.00
Low Stock Price Forecast
$11.50
Forecasted Upside/Downside
-5.5%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$-241,730,000.00
Pretax Margin
19.86%

Debt

Sales & Book Value

Annual Sales
$1.85 billion
Cash Flow
$3.66 per share
Book Value
$5.45 per share

Miscellaneous

Free Float
230,367,000
Market Cap
$4.01 billion
Optionable
Optionable
Beta
1.42

Key Executives

  • Mr. Miles Jay Allison (Age 66)
    Chairman & CEO
    Comp: $8.24M
  • Mr. Roland O. Burns (Age 62)
    Pres, CFO, Sec. & Director
    Comp: $2.84M
  • Mr. Daniel S. Harrison (Age 58)
    Chief Operating Officer
    Comp: $1.19M
  • Mr. Daniel K. Presley (Age 62)
    VP of Accounting, Controller & Treasurer
    Comp: $633.64k
  • Mr. David John Terry (Age 41)
    Sr. VP of Corp. Devel.
    Comp: $1.04M
  • Mr. Ronald Eugene Mills (Age 50)
    VP of Fin. & Investor Relations
  • Ms. Whitney H. Ward (Age 37)
    VP of Marketing
  • Mr. Michael D. McBurney (Age 67)
    Exec. Officer













CRK Stock - Frequently Asked Questions

Should I buy or sell Comstock Resources stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Comstock Resources in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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.
View CRK analyst ratings
or view top-rated stocks.

What is Comstock Resources' stock price forecast for 2022?

7 equities research analysts have issued twelve-month price objectives for Comstock Resources' shares. Their CRK share price forecasts range from $11.50 to $21.00. On average, they predict the company's stock price to reach $16.25 in the next twelve months. This suggests that the stock has a possible downside of 6.0%.
View analysts price targets for CRK
or view top-rated stocks among Wall Street analysts.

How have CRK shares performed in 2022?

Comstock Resources' stock was trading at $8.09 at the beginning of the year. Since then, CRK stock has increased by 113.7% and is now trading at $17.29.
View the best growth stocks for 2022 here
.

Are investors shorting Comstock Resources?

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 volume of 3,820,000 shares, the short-interest ratio is presently 4.0 days. Approximately 19.1% of the company's stock are short sold.
View Comstock Resources' Short Interest
.

When is Comstock Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our CRK earnings forecast
.

How were Comstock Resources' earnings last quarter?

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

When did Comstock Resources' stock split?

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.

What other stocks do shareholders of Comstock Resources own?

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).

What is Comstock Resources' stock symbol?

Comstock Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRK."

Who are Comstock Resources' major shareholders?

Comstock Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (0.62%), Bank of Montreal Can (0.37%), Smith Graham & Co. Investment Advisors LP (0.36%), JPMorgan Chase & Co. (0.21%), Victory Capital Management Inc. (0.12%) and Moody Aldrich Partners LLC (0.12%). Insiders that own company stock include Jim L Turner, M Jay Allison, Patrick Mcgough, Roland O Burns, Russell W Romoser and Stuart D Porter.
View institutional ownership trends
.

How do I buy shares of Comstock Resources?

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.
Compare Top Brokerages Here.

What is Comstock Resources' stock price today?

One share of CRK stock can currently be purchased for approximately $17.29.

How much money does Comstock Resources make?

Comstock Resources (NYSE:CRK) has a market capitalization of $4.03 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.

How many employees does Comstock Resources have?

The company employs 205 workers across the globe.

How can I contact Comstock Resources?

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.

This page (NYSE:CRK) was last updated on 8/12/2022 by MarketBeat.com Staff

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