Comstock Resources, Inc. (NYSE: CRK) is 12.54% higher on its value in year-to-date trading and has touched a low of $7.07 and a high of $13.39 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRK stock was last observed hovering at around $9.67 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $9.96, the stock is -4.78% and -2.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing 3.00% at the moment leaves the stock 4.11% off its SMA200. CRK registered -15.52% loss for a year compared to 6-month gain of 18.85%.
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The stock witnessed a -1.58% loss in the last 1 month and extending the period to 3 months gives it a -18.09%, and is 3.32% up 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 4.86% over the week and 4.80% over the month.
Comstock Resources, Inc. (CRK) has around 251 employees, a market worth around $2.91B and $1.37B in sales. Fwd P/E is 12.52. Profit margin for the company is -1.45%. Distance from 52-week low is 40.88% and -25.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.38%).
Comstock Resources, Inc. quarterly earnings per share for the current quarter are estimated at -0.08 with sales reaching $340.51M over the same period.The EPS is expected to shrink by -150.90% this year, but quarterly earnings will post -14.40% year-over-year.
338.0 institutions hold shares in Comstock Resources, Inc. (CRK), with institutional investors hold 137.36% of the company’s shares. The shares outstanding are 278.43M, and float is at 77.94M with Short Float at 35.55%. Institutions hold 35.06% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 15.11 million shares valued at $156.81 million. The investor’s holdings represent 5.435 of the CRK Shares outstanding. As of 2024-06-30, the second largest holder is KGH LTD with 12.12 million shares valued at $125.86 million to account for 4.3621 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 11.7 million shares representing 4.208 and valued at over $121.41 million, while VANGUARD GROUP INC holds 3.6921 of the shares totaling 10.26 million with a market value of $106.53 million.
Comstock Resources, Inc. (CRK) Insider Activity
The most recent transaction is an insider purchase by Arkoma Drilling, L.P., the company’s 10% Owner. SEC filings show that Arkoma Drilling, L.P. bought 1,044,200 shares of the company’s common stock on Aug 23 ’24 at a price of $11.16 per share for a total of $11.66 million. Following the purchase, the insider now owns 207.63 million shares.
Comstock Resources, Inc. disclosed in a document filed with the SEC on Aug 26 ’24 that Arkoma Drilling, L.P. (10% Owner) bought a total of 592,246 shares of the company’s common stock. The trade occurred on Aug 26 ’24 and was made at $11.54 per share for $6.84 million. Following the transaction, the insider now directly holds 208.22 million shares of the CRK stock.
Still, SEC filings show that on Aug 27 ’24, Arkoma Drilling, L.P. (10% Owner) acquired 80,092 shares at an average price of $11.25 for $0.9 million. The insider now directly holds 208,300,084 shares of Comstock Resources, Inc. (CRK).
