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NYSE:CRK

Comstock Resources - CRK Stock Forecast, Price & News

$18.07
+0.24 (+1.35%)
(As of 08/17/2022 03:34 PM ET)
Add
Compare
Today's Range
$17.54
$18.77
50-Day Range
$11.14
$21.20
52-Week Range
$5.05
$22.11
Volume
139,775 shs
Average Volume
3.56 million shs
Market Capitalization
$4.21 billion
P/E Ratio
20.08
Dividend Yield
N/A
Price Target
$16.25

Comstock Resources MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
9.1% 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
0.04mentions of Comstock Resources in the last 14 days
Based on 4 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.

1.88 out of 5 stars

Oils/Energy Sector

191st out of 257 stocks

Crude Petroleum & Natural Gas Industry

68th out of 83 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.

Comstock Resources Stock Performance

Shares of CRK traded up $0.04 during midday trading on Wednesday, reaching $17.87. The stock had a trading volume of 94,236 shares, compared to its average volume of 3,562,481. The firm has a 50 day simple moving average of $14.84 and a 200-day simple moving average of $13.73. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.97. The firm has a market cap of $4.17 billion, a PE ratio of 19.97 and a beta of 1.42. Comstock Resources has a one year low of $5.05 and a one year high of $22.11.

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

Wall Street Analysts Forecast Growth

CRK has been the topic of several research analyst reports. Piper Sandler raised shares of 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 note on Tuesday, August 2nd. Mizuho cut their price objective on shares of Comstock Resources from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Tuesday, July 19th. 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 report on Monday, July 18th. TheStreet upgraded shares of Comstock Resources from a "c" rating to a "b-" rating in a report on Monday, August 1st. Finally, Truist Financial increased their target price on shares of Comstock Resources from $14.00 to $19.00 in a report on Thursday, April 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Comstock Resources presently has an average rating of "Hold" and an average target price of $16.25.

Insider Buying and Selling at Comstock Resources

In related news, VP Patrick Mcgough purchased 28,800 shares of the firm's stock in a transaction that occurred on Monday, August 8th. The shares were bought at an average cost of $14.86 per share, with a total value of $427,968.00. Following the acquisition, the vice president now owns 92,190 shares of the company's stock, valued at approximately $1,369,943.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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
How High Can Copper Go?
To power the green revolution, copper demand continues to skyrocket with no end in sight. Prices hit a 10-year high; as copper jumped 79% in the past year. Some analysts are calling for copper to rise another 50-100%! We may be at the beginning of a copper bull run the likes we've never seen before. Just how high can copper go?
Wednesday 8/10 Insider Buying Report: CRK, KD
How High Can Copper Go?
To power the green revolution, copper demand continues to skyrocket with no end in sight. Prices hit a 10-year high; as copper jumped 79% in the past year. Some analysts are calling for copper to rise another 50-100%! We may be at the beginning of a copper bull run the likes we've never seen before. Just how high can copper go?
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
Analyst Ratings for Comstock Res
See More Headlines
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CRK Company Calendar

Last Earnings
8/01/2022
Today
8/17/2022
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
-10.1%
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
$3.67 per share
Book Value
$5.45 per share

Miscellaneous

Free Float
230,367,000
Market Cap
$4.21 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 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.
View CRK analyst ratings
or view top-rated stocks.

What is Comstock Resources' stock price forecast for 2022?

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%.
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 shares have increased by 120.4% and is now trading at $17.83.
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 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.
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) 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.

When did Comstock Resources' stock split?

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.

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 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.
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 $17.83.

How much money does Comstock Resources make?

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.

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 8/17/2022 by MarketBeat.com Staff

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