Wall Street Analyst Downgrade Comstock Resources Inc. [CRK]. What else is Wall St. saying

Comstock Resources Inc. [NYSE: CRK] loss -4.31% on the last trading session, reaching $10.22 price per share at the time. The company report on February 14, 2023 that COMSTOCK RESOURCES, INC. REPORTS FOURTH QUARTER 2022 FINANCIAL AND OPERATING RESULTS.

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Comstock Resources Inc. represents 247.67 million in outstanding shares, while the company has a total market value of $3.04 billion with the latest information. CRK stock price has been found in the range of $9.85 to $10.35.

If compared to the average trading volume of 5.07M shares, CRK reached a trading volume of 7123864 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $15.05 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 0.73, with the Price to Sales ratio for CRK stock in the period of the last 12 months amounting to 0.84. The Price to Book ratio for the last quarter was 1.11, with the Price to Cash per share for the same quarter was set at 0.18. Price to Free Cash Flow for CRK in the course of the last twelve months was 4.81 with Quick ratio for the last quarter at 0.90.

Trading performance analysis for CRK stock

Comstock Resources Inc. [CRK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.55. With this latest performance, CRK shares dropped by -16.98% in over the last four-week period, additionally sinking by -47.96% over the last 6 months – not to mention a rise of 18.84% 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 33.36, with the RSI for the last a single of trading hit 27.13, and the three-weeks RSI is set at 36.55 for Comstock Resources Inc. [CRK]. The present Moving Average for the last 50 days of trading for this stock 12.21, while it was recorded at 10.81 for the last single week of trading, and 15.71 for the last 200 days.

Comstock Resources Inc. [CRK]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Comstock Resources Inc. [CRK] shares currently have an operating margin of +62.88 and a Gross Margin at +63.96. Comstock Resources Inc.’s Net Margin is presently recorded at +31.33.

Return on Equity for this stock inclined to 65.58, with Return on Assets sitting at 21.28.

Comstock Resources Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

Comstock Resources Inc. [CRK]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Comstock Resources Inc. [CRK]

There are presently around $867 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 10,013,749, which is approximately 2.358% of the company’s market cap and around 1.50% of the total institutional ownership; STATE STREET CORP, holding 8,619,011 shares of the stock with an approximate value of $88.09 million in CRK stocks shares; and BLACKROCK INC., currently with $67.01 million in CRK stock with ownership of nearly 8.067% of the company’s market capitalization.

Positions in Comstock Resources Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 137 institutional holders increased their position in Comstock Resources Inc. [NYSE:CRK] by around 15,197,308 shares. Additionally, 104 investors decreased positions by around 13,755,321 shares, while 32 investors held positions by with 55,892,736 shares. The mentioned changes placed institutional holdings at 84,845,365 shares, according to the latest SEC report filing. CRK stock had 51 new institutional investments in for a total of 2,106,767 shares, while 30 institutional investors sold positions of 5,848,216 shares during the same period.


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