Comstock Resources Inc. [NYSE: CRK] slipped around -0.48 points on Wednesday, while shares priced at $12.28 at the close of the session, down -3.76%. The company report on January 17, 2023 that COMSTOCK RESOURCES, INC. ANNOUNCES FOURTH QUARTER 2022 EARNINGS DATE AND CONFERENCE CALL INFORMATION.
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Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BId7bb63a06a2246038d691f84bbfe8331. Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to ensure a timely connection to the call.
Comstock Resources Inc. stock is now -10.43% down from its year-to-date (YTD) trading value. CRK Stock saw the intraday high of $12.43 and lowest of $11.958 per share. The company’s 52-week high price is 22.11, which means current price is +2.69% above from all time high which was touched on 01/17/23.
Compared to the average trading volume of 3.59M shares, CRK reached a trading volume of 3556849 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $19.36 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 2.90. 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.
Mizuho have made an estimate for Comstock Resources Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 10, 2023. The new note on the price target was released on January 09, 2023, representing the official price target for Comstock Resources Inc. stock. Previously, the target price had yet another drop from $24 to $14, while Citigroup kept a Sell rating on CRK stock.
The Average True Range (ATR) for Comstock Resources Inc. is set at 0.71, with the Price to Sales ratio for CRK stock in the period of the last 12 months amounting to 1.01. The Price to Book ratio for the last quarter was 1.76, with the Price to Cash per share for the same quarter was set at 0.14. Price to Free Cash Flow for CRK in the course of the last twelve months was 6.67 with Quick ratio for the last quarter at 0.60.
How has CRK stock performed recently?
Comstock Resources Inc. [CRK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.69. With this latest performance, CRK shares dropped by -12.16% in over the last four-week period, additionally sinking by -21.58% over the last 6 months – not to mention a rise of 56.43% 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 37.59, with the RSI for the last a single of trading hit 36.59, and the three-weeks RSI is set at 38.61 for Comstock Resources Inc. [CRK]. The present Moving Average for the last 50 days of trading for this stock 15.06, while it was recorded at 12.66 for the last single week of trading, and 16.47 for the last 200 days.
Comstock Resources Inc. [CRK]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Comstock Resources Inc. [CRK] shares currently have an operating margin of +57.43 and a Gross Margin at +59.32. Comstock Resources Inc.’s Net Margin is presently recorded at -13.06.
Return on Equity for this stock declined to -18.39, with Return on Assets sitting at -5.05.
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.
Earnings analysis for Comstock Resources Inc. [CRK]
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%.
Insider trade positions for Comstock Resources Inc. [CRK]
There are presently around $1,025 million, or 30.70% of CRK stock, in the hands of institutional investors. The top three institutional holders of CRK stocks are: VANGUARD GROUP INC with ownership of 9,783,037, which is approximately 36.354% of the company’s market cap and around 1.50% of the total institutional ownership; STATE STREET CORP, holding 6,388,409 shares of the stock with an approximate value of $78.45 million in CRK stocks shares; and BLACKROCK INC., currently with $74.5 million in CRK stock with ownership of nearly -3.285% of the company’s market capitalization.
Positions in Comstock Resources Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 127 institutional holders increased their position in Comstock Resources Inc. [NYSE:CRK] by around 14,855,533 shares. Additionally, 110 investors decreased positions by around 11,049,780 shares, while 25 investors held positions by with 57,579,822 shares. The mentioned changes placed institutional holdings at 83,485,135 shares, according to the latest SEC report filing. CRK stock had 48 new institutional investments in for a total of 4,615,529 shares, while 31 institutional investors sold positions of 2,302,451 shares during the same period.