How Comstock Resources Inc. (CRK) Is Doing Technically?

The stock of Comstock Resources Inc. (NYSE:CRK) decreased by -$0.12 on Tuesday to finish at $14.97, down -0.80 percent. The last five days have seen an average of 4,549,180 shares of common stock traded. 28 times new highs were reached in the current year, with a gain of $6.88. The average number of shares traded over the last 20 days was 3,568,310, while the average volume over the last 50 days totaled 3,931,884.

CRK stock dropped -3.85% since last month. On 06/21/22, the company’s shares reached a one-month low of $14.61. The stock touched a high of $22.11 on 06/08/22, after rallying from a low of $5.05 in 52 weeks. The price of CRK stock has risen by 85.04% or $6.88 this year, reaching a new high 28 times. Still, the stock price is down -32.29% from the 52-week high.

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Valuation Metrics

Beta for the stock is 1.17. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.85, the price-to-book (PB) ratio of 3.87, and the price-to-cash flow ratio of 17.71.

Company paid $0.1250 per share in dividends, remained unchanged from $0.1250 last year.

Financial Health

For the three months ended March 30, Comstock Resources Inc.’s quick ratio was 0.30, while its current ratio was 0.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 2.82, and the total debt to equity ratio is 2.82. As far as profitability goes, gross margin for the trailing twelve months is 85.70% percent. Comstock Resources Inc.’s operating margin stood at 47.40% for the same period. Based on annual data, it had gross profit of $900.77 million and revenue of $1.85 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CRK’s return on assets (ROA) during the last 12 months has been -5.00%. There was a 14.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -26.90%.

Earnings Surprise

According to Comstock Resources Inc.’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $524.84 million, while revenues rose by 35.12% to $655.38 million. It was predicted that Comstock Resources Inc.’s quarterly earnings would be $0.51, but it ended up being $0.49, beating the consensus by 4.10%. EBITDA was $447.73 million for the quarter. At the end of Comstock Resources Inc.’s most recent quarter ended March 30, its liabilities totaled 3.85 billion, while its total debt was $2.62 billion. Equity owned by shareholders amounts to $232.91 million.

Technical Picture

Here’s a quick look at Comstock Resources Inc.’s (CRK) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 25.98%, suggesting the stock is oversold, with a 48.87% historical volatility rate.

The stochastic %K and %D were 5.78% and 5.91% respectively, while the average true range (ATR) was 1.38. Based on the 14-day stochastic reading of 4.80%, the RSI (14) reading is 35.37%. On the 9-day MACD Oscillator, the stock is at -2.29, and the 14-day reading is at -3.36.

Analyst Ratings

Comstock Resources Inc. (NYSE: CRK) was downgraded by Piper Sandler to a an Underweight rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Comstock Resources Inc. (CRK) an Overweight rating. CRK is a stock that is recommended for selling by 1 brokerage firm, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 3 others recommend it as a buy.

What is CRK’s price target for the next 12 months?

The current consensus forecast for the stock is between $15.00 and $36.00, with a median target price of $19.00. In analyzing these forecasts, the average price target given by analysts for Comstock Resources Inc. (CRK) is $21.22.


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