Are we looking at the next big move in Comstock Resources, Inc. (CRK)?

Comstock Resources, Inc. (NYSE: CRK) is -16.84% lower on its value in year-to-date trading and has touched a low of $7.31 and a high of $13.48 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 $7.50 in the last trading session, with the day’s loss setting it -0.14%.

Currently trading at $7.36, the stock is -7.83% and -15.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.9 million and changing -1.87% at the moment leaves the stock -30.77% off its SMA200. CRK registered -36.77% loss for a year compared to 6-month loss of -40.69%. The firm has a 50-day simple moving average (SMA 50) of $2.26 and a 200-day simple moving average (SMA200) of $3.23.

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The stock witnessed a -16.74% gain in the last 1 month and extending the period to 3 months gives it a -35.44%, and is -3.66% 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 2.83% over the week and 3.63% over the month.

Comstock Resources, Inc. (CRK) has around Nov 30 2023 employees, a market worth around $2.05B and $2.08B in sales. Current P/E ratio is 3.27 and Fwd P/E is 9.30. Profit margin for the company is 29.76%. Distance from 52-week low is 0.68% and -45.42% from its 52-week high. The company has generated returns on investments over the last 12 months (12.66%).

Comstock Resources, Inc. quarterly earnings per share for the current quarter are estimated at $0.13 with sales reaching $398.46M over the same period.The EPS is expected to shrink by -86.62% this year, but quarterly earnings will post -57.90% year-over-year. Quarterly sales are estimated to shrink -56.80% in year-over-year returns.

Comstock Resources, Inc. (CRK) Top Institutional Holders

324 institutions hold shares in Comstock Resources, Inc. (CRK), with institutional investors hold 108.25% of the company’s shares. The shares outstanding are 277.52M, and float is at 90.98M with Short Float at 26.13%. Institutions hold 35.38% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 14.51 million shares valued at $168.27 million. The investor’s holdings represent 5.21% of the CRK Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 10.97 million shares valued at $127.29 million to account for 3.94% of the shares outstanding. The other top investors are State Street Corporation which holds 9.41 million shares representing 3.38% and valued at over $109.17 million, while Dimensional Fund Advisors LP holds 1.70% of the shares totaling 4.73 million with a market value of $54.83 million.

Comstock Resources, Inc. (CRK) Insider Activity

A total of 0 insider transactions have happened at Comstock Resources, Inc. (CRK) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by BURNS ROLAND O ,the company’sPresident & CFO. SEC filings show that BURNS ROLAND O bought 10,000 shares of the company’s common stock on Mar 24 at a price of $9.90 per share for a total of $98988.0. Following the purchase, the insider now owns 0.96 million shares.

Comstock Resources, Inc. disclosed in a document filed with the SEC on Mar 23 that BURNS ROLAND O (President & CFO) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Mar 23 and was made at $10.00 per share for $100000.0. Following the transaction, the insider now directly holds 0.95 million shares of the CRK stock.

Still, SEC filings show that on Mar 15, McGough Patrick (Vice President of Operations) acquired 20,000 shares at an average price of $10.05 for $0.2 million. The insider now directly holds 126,337 shares of Comstock Resources, Inc. (CRK).

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

The company’s main competitors (and peers) include Marathon Oil Corp. (MRO) that is trading -17.86% down over the past 12 months. Pioneer Natural Resources Co. (PXD) that is -2.25% lower over the same period.