As of close of business last night, Comstock Resources, Inc.’s stock clocked out at $8.07, up 0.50% from its previous closing price of $8.03. In other words, the price has increased by $+0.04 from its previous closing price. On the day, 3387071 shares were traded.
Ratios:
To gain a deeper understanding of CRK’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.68 and its Current Ratio is at 0.68. In the meantime, Its Debt-to-Equity ratio is 1.15 whereas as Long-Term Debt/Eq ratio is at 1.14.
On December 19, 2023, Siebert Williams Shank started tracking the stock assigning a Hold rating and target price of $10.Siebert Williams Shank initiated its Hold rating on December 19, 2023, with a $10 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 24 ’23 when BURNS ROLAND O bought 10,000 shares for $9.90 per share. The transaction valued at 98,988 led to the insider holds 960,430 shares of the business.
BURNS ROLAND O bought 10,000 shares of CRK for $100,000 on Mar 23 ’23. The President & CFO now owns 950,430 shares after completing the transaction at $10.00 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRK now has a Market Capitalization of 2.25B and an Enterprise Value of 4.94B. As of this moment, Comstock’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.58, and their Forward P/E ratio for the next fiscal year is 4.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.44 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 3.16 whereas that against EBITDA is 4.83.
Stock Price History:
The Beta on a monthly basis for CRK is 0.70, which has changed by -18.98% over the last 52 weeks, in comparison to a change of 32.31% over the same period for the S&P500. Over the past 52 weeks, CRK has reached a high of $13.39, while it has fallen to a 52-week low of $7.07. The 50-Day Moving Average of the stock is 8.08, while the 200-Day Moving Average is calculated to be 10.35.
Shares Statistics:
It appears that CRK traded 4.73M shares on average per day over the past three months and 4.37M shares per day over the past ten days. A total of 278.43M shares are outstanding, with a floating share count of 90.04M. Insiders hold about 67.66% of the company’s shares, while institutions hold 36.69% stake in the company. Shares short for CRK as of Feb 29, 2024 were 25.43M with a Short Ratio of 5.37, compared to 23.78M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.13% and a Short% of Float of 27.68%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.50, CRK has a forward annual dividend rate of 0.38. Against a Trailing Annual Dividend Yield of 6.23%, it implies a Forward Annual Dividend Yield of 6.80%. The current Payout Ratio is 65.42% for CRK, which recently paid a dividend on Dec 15, 2023 with an ex-dividend date of Nov 30, 2023. Stock splits for the company last occurred on Aug 01, 2016 when the company split stock in a 1:5 ratio.
Earnings Estimates
As of right now, 12 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.15 and a low estimate of -$0.15, while EPS last year was $0.33. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.11 and low estimates of -$0.15.
Analysts are recommending an EPS of between $0.52 and -$0.55 for the fiscal current year, implying an average EPS of $0.25. EPS for the following year is $1.4, with 10 analysts recommending between $2.82 and $0.73.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $371.11M. It ranges from a high estimate of $481M to a low estimate of $317M. As of the current estimate, Comstock Resources, Inc.’s year-ago sales were $489.58M, an estimated decrease of -24.20% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $358.28M, an increase of 3.10% over than the figure of -$24.20% in the same quarter last year. There is a high estimate of $425M for the next quarter, whereas the lowest estimate is $306.28M.
A total of 9 analysts have provided revenue estimates for CRK’s current fiscal year. The highest revenue estimate was $1.83B, while the lowest revenue estimate was $1.43B, resulting in an average revenue estimate of $1.56B. In the same quarter a year ago, actual revenue was $1.57B, down -0.20% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $2.15B in the next fiscal year. The high estimate is $2.9B and the low estimate is $1.78B. The average revenue growth estimate for next year is up 37.40% from the average revenue estimate for this year.
