Comstock Resources Inc. [NYSE: CRK] stock went on an upward path that rose over 3.86% on Friday, amounting to a one-week price increase of more than 9.19%.
Over the last 12 months, CRK stock dropped by -46.32%. The one-year Comstock Resources Inc. stock forecast points to a potential upside of 40.51. The average equity rating for CRK stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.14 billion, with 208.90 million shares outstanding and 71.09 million shares in the current float. Compared to the average trading volume of 2.01M shares, CRK stock reached a trading volume of 2676151 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Comstock Resources Inc. [CRK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRK shares is $8.59 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRK stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Comstock Resources Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 13, 2020. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on July 21, 2020, representing the official price target for Comstock Resources Inc. stock. Previously, the target price had yet another raise to $5.50, while Piper Sandler analysts kept a Neutral rating on CRK stock.
The Average True Range (ATR) for Comstock Resources Inc. is set at 0.33, with the Price to Sales ratio for CRK stock in the period of the last 12 months amounting to 1.25. The Price to Book ratio for the last quarter was 0.72, with the Price to Cash per share for the same quarter was set at 0.05. Price to Free Cash Flow for CRK in the course of the last twelve months was 817.34 with Quick ratio for the last quarter at 0.60.
CRK Stock Performance Analysis:
Comstock Resources Inc. [CRK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.19. With this latest performance, CRK shares dropped by -17.58% in over the last four-week period, additionally plugging by 10.13% over the last 6 months – not to mention a drop of -46.32% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRK stock in for the last two-week period is set at 45.94, with the RSI for the last a single of trading hit 46.29, and the three-weeks RSI is set at 46.03 for Comstock Resources Inc. [CRK]. The present Moving Average for the last 50 days of trading for this stock 5.47, while it was recorded at 5.00 for the last single week of trading, and 5.90 for the last 200 days.
Insight into Comstock Resources Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Comstock Resources Inc. [CRK] shares currently have an operating margin of +35.76 and a Gross Margin at +39.57. Comstock Resources Inc.’s Net Margin is presently recorded at +12.56.
Return on Total Capital for CRK is now 9.41, given the latest momentum, and Return on Invested Capital for the company is 3.31. Return on Equity for this stock inclined to 11.27, with Return on Assets sitting at 2.82. When it comes to the capital structure of this company, Comstock Resources Inc. [CRK] has a Total Debt to Total Equity ratio set at 252.25. Additionally, CRK Total Debt to Total Capital is recorded at 71.61, with Total Debt to Total Assets ending up at 61.91. Long-Term Debt to Equity for the company is recorded at 252.07, with the Long-Term Debt to Total Capital now at 71.56.
Reflecting on the efficiency of the workforce at the company, Comstock Resources Inc. [CRK] managed to generate an average of $466,343 per employee. Receivables Turnover for the company is 5.23 with a Total Asset Turnover recorded at a value of 0.22.Comstock Resources Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.
CRK Stock EPS
With the latest financial reports released by the company, Comstock Resources Inc. posted 0.17/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 21.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CRK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Comstock Resources Inc. go to 20.00%.
Comstock Resources Inc. [CRK] Insider Position Details
There are presently around $206 million, or 17.50% of CRK stock, in the hands of institutional investors. The top three institutional holders of CRK stocks are: ADAGE CAPITAL PARTNERS GP, L.L.C. with ownership of 3,700,000, which is approximately New of the company’s market cap and around 1.30% of the total institutional ownership; STONEHILL CAPITAL MANAGEMENT LLC, holding 3,300,846 shares of the stock with an approximate value of $16.87 million in CRK stocks shares; and ALYESKA INVESTMENT GROUP, L.P., currently with $16.09 million in CRK stock with ownership of nearly New of the company’s market capitalization.
Positions in Comstock Resources Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 96 institutional holders increased their position in Comstock Resources Inc. [NYSE:CRK] by around 34,969,729 shares. Additionally, 32 investors decreased positions by around 669,076 shares, while 8 investors held positions by with 4,670,118 shares. The mentioned changes placed institutional holdings at 40,308,923 shares, according to the latest SEC report filing. CRK stock had 63 new institutional investments in for a total of 28,727,624 shares, while 14 institutional investors sold positions of 472,360 shares during the same period.