Comstock Resources - CRK Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comstock Resources in the last year. There are currently 2 sell ratings, 4 hold ratings and 3 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.

9 brokerages have issued 1 year price targets for Comstock Resources' stock. Their CRK share price forecasts range from $11.50 to $27.00. On average, they anticipate the company's stock price to reach $18.00 in the next twelve months. This suggests a possible upside of 22.9% 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 $8.09 at the beginning of 2022. Since then, CRK stock has increased by 81.1% and is now trading at $14.65.
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Comstock Resources saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 17,140,000 shares, an increase of 7.5% from the October 15th total of 15,940,000 shares. Based on an average trading volume of 3,580,000 shares, the days-to-cover ratio is currently 4.8 days. Currently, 21.5% of the company's shares are sold short.
View Comstock Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our CRK earnings forecast.

Comstock Resources, Inc. (NYSE:CRK) announced its earnings results on Tuesday, November, 2nd. The oil and gas producer reported $0.34 EPS for the quarter, meeting analysts' consensus estimates of $0.34. The oil and gas producer had revenue of $511.18 million for the quarter, compared to analysts' expectations of $413.58 million. Comstock Resources had a trailing twelve-month return on equity of 70.54% and a net margin of 29.59%. During the same period in the prior year, the firm earned ($0.06) earnings per share.

Comstock Resources announced a quarterly dividend on Tuesday, November 1st. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.125 per share on Thursday, December 15th. This represents a $0.50 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Wednesday, November 30th.
Read our dividend analysis for CRK.

Comstock Resources (NYSE:CRK) pays an annual dividend of $0.50 per share and currently has a dividend yield of 3.38%. The dividend payout ratio is 14.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRK will have a dividend payout ratio of 10.04% 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 Vanguard Group Inc. (4.19%), State Street Corp (2.73%), BlackRock Inc. (2.60%), Dimensional Fund Advisors LP (2.48%), Third Point LLC (1.28%) and Bank of New York Mellon Corp (1.04%). Insiders that own company stock include Jim L Turner, M Jay Allison, Morris E Foster, Patrick Mcgough, Roland O Burns and Stuart D Porter.
View institutional ownership trends.

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 $14.65.

Comstock Resources (NYSE:CRK) has a market capitalization of $3.42 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 $3.44 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.