In yesterday’s Wall Street session, Comstock Resources, Inc. (NYSE:CRK) shares traded at $8.36, up 3.59% from the previous session.
CRK stock price is now 3.40% away from the 50-day moving average and -19.25% away from the 200-day moving average. The market capitalization of the company currently stands at $2.33B.
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, while ‘Siebert Williams Shank’ rates the stock as ‘Hold’
In other news, BURNS ROLAND O, President & CFO bought 10,000 shares of the company’s stock on Mar 24 ’23. 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 $8.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 23 ’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 $7.95 million. A total of 67.66% of the company’s stock is owned by insiders.
During the past 12 months, Comstock Resources, Inc. has had a low of $7.07 and a high of $13.39. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 0.68, and a quick ratio of 0.68. According to the stock market information, the enterprise value for the company is $5.04B, which is based on a 10.96 price-to-earnings ratio, a 0.55 price-to-earnings-growth ratio, and a beta of 0.70. The fifty day moving average price for CRK is $8.07 and a two-hundred day moving average price translates $10.35 for the stock.
The latest earnings results from Comstock Resources, Inc. (NYSE: CRK) was released for Dec, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.1, missing analysts’ expectations of $0.13 by -0.03. This compares to $1.97 EPS in the same period last year. The net profit margin was 13.53% and return on equity was 9.11% for CRK. The company reported revenue of $410.58 million for the quarter, compared to $966.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -57.54 percent. For the current quarter, analysts expect CRK to generate $371.11M in revenue.
