Comstock Resources (CRK) Stock Price, News & Analysis

Company Overview

Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas. Comstock Resources, Inc. is a subsidiary of Arkoma Drilling, L.P.

Key Stats

• Today's Range: $13.20 to $13.56
• 50-Day Range: $9.29 to $14.24
• 52-Week Range: $7.07 to $14.28
• Volume: 1.27 million shs
• Average Volume: 3.51 million shs
• Market Capitalization: $3.91 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $10.31
• Consensus Rating: Reduce

Comstock Resources Stock Analysis - MarketRank™

Comstock Resources scored higher than 41% of companies evaluated by MarketBeat, and ranked 195th out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Comstock Resources has received a consensus rating of Reduce. The company's average rating score is 1.85, and is based on 2 buy ratings, 7 hold ratings, and 4 sell ratings.

Amount of Analyst Coverage

Comstock Resources has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Comstock Resources are expected to grow in the coming year, from ($0.44) to $0.36 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Comstock Resources is -74.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Comstock Resources is -74.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Comstock Resources has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

32.68% of the float of Comstock Resources has been sold short.

Short Interest Ratio / Days to Cover

Comstock Resources has a short interest ratio ("days to cover") of 9.8.

Change versus previous month

Short interest in Comstock Resources has recently increased by 2.08%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Comstock Resources does not currently pay a dividend.

Dividend Growth

Comstock Resources does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, Comstock Resources will have a dividend payout ratio of 138.89% in the coming year. This indicates that Comstock Resources may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 0.6 / 5
• Environmental Score: -7.89

Percentage of Shares Shorted

32.68% of the float of Comstock Resources has been sold short.

Short Interest Ratio / Days to Cover

Comstock Resources has a short interest ratio ("days to cover") of 9.8.

Change versus previous month

Short interest in Comstock Resources has recently increased by 2.08%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.97

News Sentiment

Comstock Resources has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Comstock Resources this week, compared to 4 articles on an average week.

Search Interest

10 people have searched for CRK on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Comstock Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Comstock Resources insiders have bought more of their company's stock than they have sold. Specifically, they have bought $29,692,057.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 2.00% of the stock of Comstock Resources is held by insiders.

Percentage Held by Institutions

Only 36.13% of the stock of Comstock Resources is held by institutions.

CRK Stock Analysis - Frequently Asked Questions

How have CRK shares performed this year?

Comstock Resources' stock was trading at $8.85 at the beginning of the year. Since then, CRK shares have increased by 51.1% and is now trading at $13.37.
View the best growth stocks for 2024 here.

How were Comstock Resources' earnings last quarter?

Comstock Resources, Inc. (NYSE:CRK) posted its quarterly earnings data on Wednesday, October, 30th. The oil and gas producer reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by $0.01. Comstock Resources's revenue for the quarter was down 19.2% compared to the same quarter last year.

When did Comstock Resources' stock split?

Comstock Resources shares reverse split before market open on Monday, August 1st 2016. The 1-5 reverse split was announced on Wednesday, July 20th 2016. The number of shares owned by shareholders was adjusted after the market closes on Friday, July 29th 2016. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

Who are Comstock Resources' major shareholders?

Top institutional investors of Comstock Resources include State Street Corp (1.83%), Geode Capital Management LLC (0.72%), Charles Schwab Investment Management Inc. (0.48%) and Wellington Management Group LLP (0.36%). Insiders that own company stock include Drilling LP Arkoma, Star Exploration Corp Blue, M Jay Allison, Roland O Burns, Jim L Turner, Morris E Foster, Patrick Mcgough and Brian Christopher Claunch.
View institutional ownership trends.

How do I buy shares of Comstock Resources?

Shares of CRK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Comstock Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Comstock Resources investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Cenovus Energy (CVE).

Company Calendar

• Last Earnings: 10/30/2024
• Today: 11/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/11/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Oil & Gas Exploration & Production
• Current Symbol: NYSE:CRK
• CUSIP: 20576820
• CIK: 23194
• Web: www.crkfrisco.com
• Phone: (972) 668-8800
• Fax: 972-668-8812
• Employees: 251
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $10.31
• High Stock Price Target: $14.00
• Low Stock Price Target: $5.00
• Potential Upside/Downside: -22.9%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.85
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.18)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $211.12 million
• Net Margins: -4.93%
• Pretax Margin: -9.09%
• Return on Equity: -3.88%
• Return on Assets: -1.48%

Debt

• Debt-to-Equity Ratio: 1.25
• Current Ratio: 0.60
• Quick Ratio: 0.60

Sales & Book Value

• Annual Sales: $1.30 billion
• Price / Sales: 3.01
• Cash Flow: $2.61 per share
• Price / Cash Flow: 5.13
• Book Value: $8.08 per share
• Price / Book: 1.65

Miscellaneous

• Outstanding Shares: 292,261,000
• Free Float: 286,416,000
• Market Cap: $3.91 billion
• Optionable: Optionable
• Beta: 0.47