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These Numbers Show Favorable Signs for Comstock Resources Inc. (CRK)

Comstock Resources Inc. (NYSE: CRK) is -6.93% lower on its value in year-to-date trading and has touched a low of $6.88 and a high of $22.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CRK stock was last observed hovering at around $13.02 in the last trading session, with the day’s loss setting it -0.26% off its average median price target of $17.50 for the next 12 months. It is also 61.33% off the consensus price target high of $33.00 offered by 13 analysts, but current levels are -6.33% lower than the price target low of $12.00 for the same period.

Currently trading at $12.76, the stock is -2.64% and -16.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.37 million and changing -2.00% at the moment leaves the stock -22.59% off its SMA200. CRK registered 67.89% gain for a year compared to 6-month loss of -14.42%.

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The stock witnessed a -12.24% gain in the last 1 month and extending the period to 3 months gives it a -22.81%, and is -2.30% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.12% over the week and 5.05% over the month.

Comstock Resources Inc. (CRK) has around 205 employees, a market worth around $3.52B and $3.36B in sales. Current P/E ratio is 3.43 and Fwd P/E is 3.36. Profit margin for the company is 14.60%. Distance from 52-week low is 85.47% and -42.29% from its 52-week high. The company has generated returns on investments over the last 12 months (14.80%).

Comstock Resources Inc. (CRK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Comstock Resources Inc. (CRK) is a “Hold”. 13 analysts offering their recommendations for the stock have an average rating of 2.90, where 8 rate it as a Hold and 1 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Comstock Resources Inc. is expected to release its quarterly report on 05/02/2023.The EPS is expected to shrink by -188.70% this year.

Comstock Resources Inc. (CRK) Top Institutional Holders

The shares outstanding are 232.48M, and float is at 124.85M with Short Float at 15.06%.

Comstock Resources Inc. (CRK) Insider Activity

A total of 30 insider transactions have happened at Comstock Resources Inc. (CRK) in the last six months, with sales accounting for 9 and purchases happening 21 times. The most recent transaction is an insider purchase by TURNER JIM L,the company’sDirector. SEC filings show that TURNER JIM L bought 15,000 shares of the company’s common stock on Dec 22 at a price of $13.91 per share for a total of $0.21 million. Following the purchase, the insider now owns 0.28 million shares.

Comstock Resources Inc. disclosed in a document filed with the SEC on Dec 09 that FOSTER MORRIS E (Director) bought a total of 14,025 shares of the company’s common stock. The trade occurred on Dec 09 and was made at $14.33 per share for $0.2 million. Following the transaction, the insider now directly holds 0.18 million shares of the CRK stock.

Still, SEC filings show that on Sep 23, FOSTER MORRIS E (Director) acquired 10,000 shares at an average price of $16.06 for $0.16 million. The insider now directly holds 162,084 shares of Comstock Resources Inc. (CRK).

Comstock Resources Inc. (CRK): Who are the competitors?

The company’s main competitors (and peers) include Marathon Oil Corporation (MRO) that is trading 53.87% up over the past 12 months. Pioneer Natural Resources Company (PXD) is 25.32% up on the 1-year trading charts.

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