The price of Comstock Resources Inc. (NYSE:CRK) shares last traded on Wall Street fell -3.26% to $10.08.
Based on available information, 13 analysts follow Comstock Resources Inc. (NYSE:CRK). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $9.00, we find $13.00. Given the previous closing price of $10.42, this indicates a potential upside of 24.76 percent. CRK stock price is now -4.09% away from the 50-day moving average and -30.48% away from the 200-day moving average. The market capitalization of the company currently stands at $2.86B.
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Among analysts, 8 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $13.29 as their price target over the next twelve months.
In other news, BURNS ROLAND O, President & CFO bought 10,000 shares of the company’s stock on Mar 24. The stock was bought for $98,988 at an average price of $9.90. Upon completion of the transaction, the President & CFO now directly owns 960,430 shares in the company, valued at $9.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 23, President & CFO BURNS ROLAND O bought 10,000 shares of the business’s stock. A total of $100,000 was incurred on buying the stock at an average price of $10.00. This leaves the insider owning 950,430 shares of the company worth $9.58 million. Insiders disposed of 142,697 shares of company stock worth roughly $1.44 million over the past 1 year. A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CRK stock. A new stake in Comstock Resources Inc. shares was purchased by PACER ADVISORS, INC. during the first quarter worth $36,695,000. EMPOWERED FUNDS, LLC invested $4,549,000 in shares of CRK during the first quarter. In the first quarter, COMMONWEALTH EQUITY SERVICES, LLC acquired a new stake in Comstock Resources Inc. valued at approximately $3,345,000. JESSUP WEALTH MANAGEMENT, INC acquired a new stake in CRK for approximately $3,181,000. JUMP FINANCIAL, LLC purchased a new stake in CRK valued at around $2,077,000 in the second quarter. In total, there are 325 active investors with 30.70% ownership of the company’s stock.
A candlestick chart of Comstock Resources Inc. (NYSE: CRK) showed a price of $10.24 on Thursday morning. During the past 12 months, Comstock Resources Inc. has had a low of $9.20 and a high of $22.11. As of last week, the company has a debt-to-equity ratio of 0.91, a current ratio of 0.70, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $5.17B, which is based on a 2.45 price-to-earnings ratio, a 0.12 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for CRK is $10.51 and a two-hundred day moving average price translates $14.47 for the stock.
The latest earnings results from Comstock Resources Inc. (NYSE: CRK) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.33, missing analysts’ expectations of $0.34 by -0.01. This compares to -$0.50 EPS in the same period last year. The company reported revenue of $489.58 million for the quarter, compared to $524.84 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.72 percent. For the current quarter, analysts expect CRK to generate $373.73M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 06/01/2023 were paid a $0.125 dividend. On an annualized basis, this represents a $0.50 dividend and a 4.96% percent yield. There was an ex-dividend date of 05/31/2023 for this dividend. In terms of dividend payout ratio, CRK is presently at 3.10%.
Comstock Resources Inc.(CRK) Company Profile
Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States. The company was incorporated in 1919 and is based in Frisco, Texas.
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