Comstock Resources (CRK) Stock Price, News & Analysis

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Comstock Resources in the last year. There are currently 2 sell ratings, 5 hold ratings and 2 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.
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9 equities research analysts have issued 1 year target prices for Comstock Resources' stock. Their CRK share price targets range from $8.00 to $13.00. On average, they expect the company's stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
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Comstock Resources' stock was trading at $8.85 at the beginning of the year. Since then, CRK stock has increased by 4.9% and is now trading at $9.28.
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Comstock Resources saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 25,340,000 shares, an increase of 13.6% from the March 15th total of 22,300,000 shares. Based on an average trading volume of 4,780,000 shares, the days-to-cover ratio is currently 5.3 days. Approximately 32.1% of the shares of the company are sold short.
View Comstock Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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Comstock Resources will be holding an earnings conference call on Thursday, May 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Comstock Resources, Inc. (NYSE:CRK) announced its earnings results on Tuesday, February, 13th. The oil and gas producer reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.16 by $0.06. The oil and gas producer had revenue of $410.58 million for the quarter, compared to the consensus estimate of $401.97 million. Comstock Resources had a trailing twelve-month return on equity of 5.65% and a net margin of 13.49%. The company's quarterly revenue was down 55.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 EPS.

Comstock Resources announced a quarterly dividend on Monday, October 30th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.125 per share on Friday, December 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend is Thursday, 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 5.23%. CRK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 65.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRK will have a dividend payout ratio of 42.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRK.

ETFs with the largest weight of Comstock Resources (NYSE:CRK) stock in their portfolio include Invesco Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Invesco S&P SmallCap Energy ETF (PSCE), First Trust Natural Gas ETF (FCG), Euclidean Fundamental Value ETF (ECML), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH), First Trust Nasdaq Oil & Gas ETF (FTXN) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO).

Comstock Resources shares reverse split on 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 market closes 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' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Sanders Morris Harris LLC (0.07%), Doliver Advisors LP (0.01%), Chickasaw Capital Management LLC (0.01%), Ballentine Partners LLC (0.01%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Brian Christopher Claunch, Jim L Turner, M Jay Allison, Morris E Foster, Patrick Mcgough, Roland O Burns and Star Exploration Corp Blue.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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