Comstock Resources, Inc (NYSE: CRK) is -0.93% lower on its value in year-to-date trading and has touched a low of $7.74 and a high of $22.06 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 $19.18 in the last trading session, with the day’s loss setting it -1.13%.
Currently trading at $18.05, the stock is -7.17% and -4.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.71 million and changing -5.89% at the moment leaves the stock 25.02% off its SMA200. CRK registered 87.24% gain for a year compared to 6-month gain of 49.17%. The firm has a 50-day simple moving average (SMA 50) of $18.8498 and a 200-day simple moving average (SMA200) of $14.43765.
The stock witnessed a -0.50% loss in the last 1 month and extending the period to 3 months gives it a -8.00%, and is -12.12% 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 14.02% over the week and 7.11% over the month.
Comstock Resources, Inc (CRK) has around 256 employees, a market worth around $5.29B and $1.21B in sales. Fwd P/E is 14.10. Profit margin for the company is -18.14%. Distance from 52-week low is 133.20% and -18.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.18%).
with sales reaching $406.24M over the same period.The EPS is expected to grow by 420.40% this year, but quarterly earnings will post 39.07% year-over-year. Quarterly sales are estimated to grow 20.99% in year-over-year returns.
334.0 institutions hold shares in Comstock Resources, Inc (CRK), with institutional investors hold 123.56% of the company’s shares. The shares outstanding are 292.26M, and float is at 78.24M with Short Float at 26.77%. Institutions hold 31.59% 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 5.2153 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 4.1858 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 11.7 million shares representing 4.0379 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 sale by Davis Elizabeth B, the company’s Director. SEC filings show that Davis Elizabeth B sold 8,000 shares of the company’s common stock on Dec 30 ’24 at a price of $18.17 per share for a total of $0.15 million. Following the sale, the insider now owns 99632.0 shares.
Comstock Resources, Inc disclosed in a document filed with the SEC on Dec 27 ’24 that Davis Elizabeth B (Director) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Dec 27 ’24 and was made at $16.98 per share for $0.17 million. Following the transaction, the insider now directly holds 0.11 million shares of the CRK stock.
Still, SEC filings show that on Dec 24 ’24, Davis Elizabeth B (Director) disposed off 6,149 shares at an average price of $16.97 for $0.1 million. The insider now directly holds 117,632 shares of Comstock Resources, Inc (CRK).
