Comstock Resources, Inc [NYSE: CRK] stock went on an upward path that rose over 1.53% on Thursday, amounting to a one-week price increase of more than 13.74%.
Over the last 12 months, CRK stock rose by 45.19%. The one-year Comstock Resources, Inc stock forecast points to a potential downside of -43.95. The average equity rating for CRK stock is currently 3.38, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $4.45 billion, with 278.43 million shares outstanding and 77.48 million shares in the current float. Compared to the average trading volume of 2.35M shares, CRK stock reached a trading volume of 3886888 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 $10.58 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 3.38. 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.
BofA Securities have made an estimate for Comstock Resources, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 28, 2024. The new note on the price target was released on October 15, 2024, representing the official price target for Comstock Resources, Inc stock. Previously, the target price had yet another drop from $8 to $5, while Piper Sandler kept a Underweight rating on CRK stock.
The Average True Range (ATR) for Comstock Resources, Inc is set at 0.61, with the Price to Sales ratio for CRK stock in the period of the last 12 months amounting to 3.44. The Price to Book ratio for the last quarter was 1.94, with the Price to Cash per share for the same quarter was set at 0.05.
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 13.74. With this latest performance, CRK shares gained by 31.52% in over the last four-week period, additionally plugging by 40.24% over the last 6 months – not to mention a rise of 45.19% 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 74.37, with the RSI for the last a single of trading hit 78.48, and the three-weeks RSI is set at 71.21 for Comstock Resources, Inc [CRK]. The present Moving Average for the last 50 days of trading for this stock 11.96, while it was recorded at 14.31 for the last single week of trading, and 10.37 for the last 200 days.
Insight into Comstock Resources, Inc Fundamentals:
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 0.1/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.03. 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 0.89%.
Comstock Resources, Inc [CRK] Institutonal Ownership Details
There are presently around $32.58%, or 127.67%% of CRK stock, in the hands of institutional investors. The top three institutional holders of CRK stocks are: BLACKROCK INC. with ownership of 15.11 million shares, which is approximately 5.435%. KGH LTD, holding 12.12 million shares of the stock with an approximate value of $$125.86 million in CRK stocks shares; and KGH LTD, currently with $$121.41 million in CRK stock with ownership which is approximately 4.208%.
