The stock of Comstock Resources, Inc. (CRK) has seen a 0.37% increase in the past week, with a -13.71% drop in the past month, and a -9.85% decrease in the past quarter. The volatility ratio for the week is 3.79%, and the volatility levels for the past 30 days are at 4.14% for CRK. The simple moving average for the past 20 days is -8.96% for CRK’s stock, with a -3.92% simple moving average for the past 200 days.
Is It Worth Investing in Comstock Resources, Inc. (NYSE: CRK) Right Now?
Comstock Resources, Inc. (NYSE: CRK) has a higher price-to-earnings ratio of 4.84x compared to its average ratio, and the 36-month beta value for CRK is at 1.10. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 as “hold,” and 2 as “sell.”
The average price suggested by analysts for CRK is $13.42, which is $2.53 above the current market price. The public float for CRK is 90.99M, and currently, shorts hold a 19.29% of that float. The average trading volume for CRK on November 20, 2023 was 3.51M shares.
CRK) stock’s latest price update
The stock of Comstock Resources, Inc. (NYSE: CRK) has increased by 1.30 when compared to last closing price of 10.75. Despite this, the company has experienced a 0.37% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-19 that Comstock Resources stock is down 20% due to warmer weather and high gas storage levels. New LNG plants set to open in 2024-2026 will create new demand for gas. The future investment case for Comstock Resources depends on higher gas prices and potential catalysts in the Haynesville region.
Analysts’ Opinion of CRK
Many brokerage firms have already submitted their reports for CRK stocks, with Citigroup repeating the rating for CRK by listing it as a “Neutral.” The predicted price for CRK in the upcoming period, according to Citigroup is $12 based on the research report published on April 20, 2023 of the current year 2023.
CRK Trading at -7.11% from the 50-Day Moving Average
After a stumble in the market that brought CRK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.03% of loss for the given period.
Volatility was left at 4.14%, however, over the last 30 days, the volatility rate increased by 3.79%, as shares sank -11.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.75% lower at present.
During the last 5 trading sessions, CRK rose by +0.37%, which changed the moving average for the period of 200-days by -9.63% in comparison to the 20-day moving average, which settled at $11.89. In addition, Comstock Resources, Inc. saw -20.57% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at CRK starting from BURNS ROLAND O, who purchase 10,000 shares at the price of $9.90 back on Mar 24. After this action, BURNS ROLAND O now owns 960,430 shares of Comstock Resources, Inc., valued at $98,988 using the latest closing price.
BURNS ROLAND O, the President & CFO of Comstock Resources, Inc., purchase 10,000 shares at $10.00 during a trade that took place back on Mar 23, which means that BURNS ROLAND O is holding 950,430 shares at $100,000 based on the most recent closing price.
Stock Fundamentals for CRK
Current profitability levels for the company are sitting at:
- +62.88 for the present operating margin
- +63.96 for the gross margin
The net margin for Comstock Resources, Inc. stands at +31.33. The total capital return value is set at 54.76, while invested capital returns managed to touch 27.42. Equity return is now at value 31.83, with 10.69 for asset returns.
Based on Comstock Resources, Inc. (CRK), the company’s capital structure generated 98.47 points at debt to equity in total, while total debt to capital is 49.61. Total debt to assets is 38.32, with long-term debt to equity ratio resting at 96.78. Finally, the long-term debt to capital ratio is 48.76.
When we switch over and look at the enterprise to sales, we see a ratio of 2.51, with the company’s debt to enterprise value settled at 0.37. The receivables turnover for the company is 9.16 and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
In conclusion, Comstock Resources, Inc. (CRK) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.