The closing price of Comstock Resources, Inc. (NYSE: CRK) was $8.41 for the day, down -2.55% from the previous closing price of $8.63. In other words, the price has decreased by -$0.22 from its previous closing price. On the day, 4103612 shares were traded.
Ratios:
Our analysis of CRK’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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. On Mar 15 ’23, another insider, McGough Patrick, who serves as the Vice President of Operations of the company, bought 20,000 shares for $10.05 each. As a result, the insider paid 201,000 and bolstered with 126,337 shares of the company.
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 2.34B and an Enterprise Value of 5.04B. As of this moment, Comstock’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.02, and their Forward P/E ratio for the next fiscal year is 4.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.50 while its Price-to-Book (P/B) ratio in mrq is 0.99. Its current Enterprise Value per Revenue stands at 3.22 whereas that against EBITDA is 4.92.
Stock Price History:
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 8.23, while the 200-Day Moving Average is calculated to be 10.44.
Shares Statistics:
CRK traded an average of 4.90M shares per day over the past three months and 4.23M 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 36.62% stake in the company. Shares short for CRK as of Feb 15, 2024 were 25.63M with a Short Ratio of 5.23, compared to 21.56M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.21% and a Short% of Float of 27.90%.
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 5.79%, 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
The firm’s stock currently is rated by 10 analysts. On average, analysts expect EPS of $0.05 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 $0.03, with high estimates of $0.11 and low estimates of -$0.09.
Analysts are recommending an EPS of between $0.72 and -$0.55 for the fiscal current year, implying an average EPS of $0.36. EPS for the following year is $1.25, with 8 analysts recommending between $2.15 and $0.73.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $481M to a low estimate of $318.45M. As of the current estimate, Comstock Resources, Inc.’s year-ago sales were $489.58M, an estimated decrease of -20.00% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $367.71M, an increase of 5.80% over than the figure of -$20.00% 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 7 analysts have provided revenue estimates for CRK’s current fiscal year. The highest revenue estimate was $1.83B, while the lowest revenue estimate was $1.44B, resulting in an average revenue estimate of $1.61B. In the same quarter a year ago, actual revenue was $1.57B, up 2.70% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $2.18B 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 35.50% from the average revenue estimate for this year.
