A new trading day began on Tuesday, with Comstock Resources, Inc (NYSE: CRK) stock price up 2.59% from the previous day of trading, before settling in for the closing price of $21.26. CRK’s price has ranged from $11.05 to $31.17 over the past 52 weeks.
Meanwhile, its annual earnings per share averaged 299.42%. With a float of $77.87 million, this company’s outstanding shares have now reached $293.07 million.
Let’s determine the extent of company efficiency that accounts for 256 employees.
Comstock Resources, Inc (CRK) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of Comstock Resources, Inc is 73.43%, while institutional ownership is 26.26%. The most recent insider transaction that took place on Dec 30 ’24, was worth 145,360. In this transaction Director of this company sold 8,000 shares at a rate of $18.17, taking the stock ownership to the 99,632 shares. Before that another transaction happened on Dec 27 ’24, when Company’s Director sold 10,000 for $16.98, making the entire transaction worth $169,800. This insider now owns 107,632 shares in total.
Comstock Resources, Inc (CRK) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.17 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 299.42% per share during the next fiscal year.
Comstock Resources, Inc (NYSE: CRK) Trading Performance Indicators
Here are Comstock Resources, Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.26, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 1.12 in one year’s time.
Technical Analysis of Comstock Resources, Inc (CRK)
Looking closely at Comstock Resources, Inc (NYSE: CRK), its last 5-days average volume was 2.85 million, which is a jump from its year-to-date volume of 2.49 million. As of the previous 9 days, the stock’s Stochastic %D was 85.21%.
During the past 100 days, Comstock Resources, Inc’s (CRK) raw stochastic average was set at 43.33%, which indicates a significant decrease from 94.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.92 in the past 14 days, which was higher than the 0.88 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.21, while its 200-day Moving Average is $20.01. However, in the short run, Comstock Resources, Inc’s stock first resistance to watch stands at $22.15. Second resistance stands at $22.48. The third major resistance level sits at $22.95. If the price goes on to break the first support level at $21.35, it is likely to go to the next support level at $20.88. Should the price break the second support level, the third support level stands at $20.55.
Comstock Resources, Inc (NYSE: CRK) Key Stats
With a market capitalization of 6.39 billion, the company has a total of 293,067K Shares Outstanding. Currently, annual sales are 1,254 M while annual income is -229,650 K. The company’s previous quarter sales were 470,260 K while its latest quarter income was 124,840 K.
