The stock price of Comstock Resources, Inc (NYSE: CRK) has surged by 0.55 when compared to previous closing price of 19.88, but the company has seen a 13.07% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2025-01-12 that Comstock Resources benefits from low cash costs. Haynesville wells are very expensive to drill and complete. Comparatively high DD&A costs highlight the expensive nature of Haynesville wells.
Is It Worth Investing in Comstock Resources, Inc (NYSE: CRK) Right Now?
CRK has 36-month beta value of 0.48. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 10 as “hold,” and 2 as “sell.”
The public float for CRK is 77.55M, and currently, short sellers hold a 31.20% ratio of that float. The average trading volume of CRK on January 14, 2025 was 2.17M shares.
CRK’s Market Performance
CRK’s stock has seen a 13.07% increase for the week, with a 31.34% rise in the past month and a 70.42% gain in the past quarter. The volatility ratio for the week is 6.07%, and the volatility levels for the past 30 days are at 5.57% for Comstock Resources, Inc The simple moving average for the last 20 days is 14.01% for CRK stock, with a simple moving average of 69.75% for the last 200 days.
Analysts’ Opinion of CRK
Many brokerage firms have already submitted their reports for CRK stocks, with Morgan Stanley repeating the rating for CRK by listing it as a “Equal-Weight.” The predicted price for CRK in the upcoming period, according to Morgan Stanley is $18 based on the research report published on January 10, 2025 of the current year 2025.
Mizuho, on the other hand, stated in their research note that they expect to see CRK reach a price target of $18, previously predicting the price at $10. The rating they have provided for CRK stocks is “Neutral” according to the report published on December 16th, 2024.
BofA Securities gave a rating of “Buy” to CRK, setting the target price at $14 in the report published on October 28th of the previous year.
CRK Trading at 29.18% 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 -0.42% of loss for the given period.
Volatility was left at 5.57%, however, over the last 30 days, the volatility rate increased by 6.07%, as shares surge +18.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +67.28% upper at present.
During the last 5 trading sessions, CRK rose by +13.07%, which changed the moving average for the period of 200-days by +125.62% in comparison to the 20-day moving average, which settled at $17.53. In addition, Comstock Resources, Inc saw 9.71% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRK starting from Davis Elizabeth B, who sale 8,000 shares at the price of $18.17 back on Dec 30 ’24. After this action, Davis Elizabeth B now owns 99,632 shares of Comstock Resources, Inc, valued at $145,360 using the latest closing price.
Davis Elizabeth B, the Director of Comstock Resources, Inc, sale 10,000 shares at $16.98 during a trade that took place back on Dec 27 ’24, which means that Davis Elizabeth B is holding 107,632 shares at $169,800 based on the most recent closing price.
Stock Fundamentals for CRK
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- -0.07 for the gross margin
The net margin for Comstock Resources, Inc stands at -0.05. The total capital return value is set at -0.02. Equity return is now at value -2.77, with -1.03 for asset returns.
Based on Comstock Resources, Inc (CRK), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 1.28. The interest coverage ratio of the stock is -0.59.
Currently, EBITDA for the company is 1.02 billion with net debt to EBITDA at 3.49. When we switch over and look at the enterprise to sales, we see a ratio of 6.85. The receivables turnover for the company is 7.6for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
To put it simply, Comstock Resources, Inc (CRK) has had a better performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
