The closing price of Comstock Resources, Inc. (NYSE: CRK) was $9.57 for the day, down -3.33% from the previous closing price of $9.90. In other words, the price has decreased by -$0.33 from its previous closing price. On the day, 4267530 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 25 ’24 when Blue Star Exploration Corp bought 12,500,000 shares for $8.04 per share. The transaction valued at 100,450,000 led to the insider holds 194,821,429 shares of the business.
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 2.80B and an Enterprise Value of 5.49B. As of this moment, Comstock’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.54, and their Forward P/E ratio for the next fiscal year is 6.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 3.51 whereas that against EBITDA is 5.37.
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 8.33, while the 200-Day Moving Average is calculated to be 10.27.
Shares Statistics:
CRK traded an average of 4.77M shares per day over the past three months and 3.66M shares per day over the past ten days. A total of 278.43M shares are outstanding, with a floating share count of 78.87M. Insiders hold about 71.80% of the company’s shares, while institutions hold 36.51% stake in the company. Shares short for CRK as of Mar 28, 2024 were 25.34M with a Short Ratio of 5.31, compared to 25.43M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.67% and a Short% of Float of 23.99%.
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 5.05%, 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 13 analysts. On average, analysts expect EPS of -$0.03 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 -$0.06, with high estimates of $0.06 and low estimates of -$0.18.
Analysts are recommending an EPS of between $0.51 and -$0.55 for the fiscal current year, implying an average EPS of $0.1. EPS for the following year is $1.25, with 11 analysts recommending between $2.16 and $0.68.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $481M to a low estimate of $313M. As of the current estimate, Comstock Resources, Inc.’s year-ago sales were $489.58M, an estimated decrease of -26.90% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $338.44M, a decrease of -2.70% over than the figure of -$26.90% in the same quarter last year. There is a high estimate of $425M for the next quarter, whereas the lowest estimate is $274M.
A total of 10 analysts have provided revenue estimates for CRK’s current fiscal year. The highest revenue estimate was $1.83B, while the lowest revenue estimate was $1.31B, resulting in an average revenue estimate of $1.51B. In the same quarter a year ago, actual revenue was $1.57B, down -3.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $2.1B in the next fiscal year. The high estimate is $2.9B and the low estimate is $1.66B. The average revenue growth estimate for next year is up 39.00% from the average revenue estimate for this year.
