Comstock Resources Stock Today
CRK Stock | USD 9.24 0.05 0.54% |
Performance7 of 100
| Odds Of DistressLess than 32
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Comstock Resources is selling for 9.24 as of the 19th of April 2024. This is a 0.54% increase since the beginning of the trading day. The stock's last reported lowest price was 9.18. Comstock Resources has about a 32 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Comstock Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of May 2022 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Energy | IPO Date 26th of March 1990 |
Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States. The company was incorporated in 1919 and is headquartered in Frisco, Texas. The company has 292.2 M outstanding shares of which 25.34 M shares are currently shorted by investors with about 5.36 days to cover. More on Comstock Resources
Moving together with Comstock Stock
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Moving against Comstock Stock
0.47 | EP | Empire Petroleum Corp Downward Rally | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 7th of May 2024
Comstock Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Comstock Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Comstock Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman | M Allison | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thematic Idea | Petroleum and Natural Gas (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, NYSE Composite, SP Small-Cap 600, Petroleum and Natural Gas, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Analyst Recommendation Analysts covering Comstock Resources report their recommendations after researching Comstock Resources' financial statements, talking to executives and customers, or listening in on Comstock Resources' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Comstock Resources. The Comstock consensus assessment is calculated by taking the average forecast from all of the analysts covering Comstock Resources. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength Based on the key indicators related to Comstock Resources' liquidity, profitability, solvency, and operating efficiency, Comstock Resources is performing exceptionally good at this time. It has a great risk to report excellent financial results in May. Financial strength of Comstock Resources is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Comstock Resources' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Comstock Resources' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Comstock Resources' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Comstock Resources' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Comstock Resources' financial leverage. It provides some insight into what part of Comstock Resources' total assets is financed by creditors.
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Comstock Resources (CRK) is traded on New York Stock Exchange in USA. It is located in Comstock Tower, Frisco, TX, United States, 75034 and employs 251 people. Comstock Resources is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 2.7 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Comstock Resources's market, we take the total number of its shares issued and multiply it by Comstock Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Comstock Resources runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 292.2 M outstanding shares of which 25.34 M shares are currently shorted by investors with about 5.36 days to cover.
Comstock Resources has about 54.65 M in cash with 1.02 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14.
Check Comstock Resources Probability Of Bankruptcy
Ownership AllocationComstock Resources holds a total of 292.2 Million outstanding shares. Comstock Resources shows majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 69.04 percent of Comstock Resources outstanding shares that are owned by insiders signifies that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Also note that nearly fourteen million six hundred ten thousand ninety-nine invesors are currently shorting Comstock Resources expressing very little confidence in its future performance.
Check Comstock Ownership Details
Comstock Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Comstock Resources jumping above the current price in 90 days from now is about 8.79%. The Comstock Resources probability density function shows the probability of Comstock Resources stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Comstock Resources has a beta of 0.9682 suggesting Comstock Resources market returns are very sensitive to returns on the market. As the market goes up or down, Comstock Resources is expected to follow. Additionally, comstock Resources has an alpha of 0.1183, implying that it can generate a 0.12 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Comstock Resources to move above the current price in 90 days from now is about 8.79 (This Comstock Resources probability density function shows the probability of Comstock Stock to fall within a particular range of prices over 90 days) .
Comstock Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Comstock Resources that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Comstock Resources' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Comstock Resources' value.Instituion | Recorded On | Shares | |
Amvescap Plc. | 2023-12-31 | 1.3 M | |
First Trust Advisors L.p. | 2023-12-31 | 1.3 M | |
D. E. Shaw & Co Lp | 2023-09-30 | 1.3 M | |
Heartland Advisors Inc | 2023-12-31 | 1.3 M | |
Susquehanna International Group, Llp | 2023-12-31 | 1.2 M | |
Northern Trust Corp | 2023-12-31 | 1.1 M | |
Charles Schwab Investment Management Inc | 2023-12-31 | 1 M | |
Amundi | 2023-12-31 | 991.9 K | |
Citigroup Inc | 2023-12-31 | 865.2 K | |
Blackrock Inc | 2023-12-31 | 15.1 M | |
Vanguard Group Inc | 2023-12-31 | 10.8 M |
Comstock Resources Historical Income Statement
Comstock Resources Income Statement is one of the three primary financial statements used for reporting Comstock's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Comstock Resources revenue and expense. Comstock Resources Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Comstock Resources' EBITDA is quite stable compared to the past year. Net Income is expected to rise to about 222.5 M this year, although the value of Total Operating Expenses will most likely fall to about 36.1 M. View More FundamentalsComstock Stock Against Markets
Picking the right benchmark for Comstock Resources stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Comstock Resources stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Comstock Resources is critical whether you are bullish or bearish towards Comstock Resources at a given time. Please also check how Comstock Resources' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Comstock Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Comstock Resources Corporate Directors
Comstock Resources corporate directors refer to members of a Comstock Resources board of directors. The board of directors generally takes responsibility for the Comstock Resources' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Comstock Resources' board members must vote for the resolution. The Comstock Resources board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.David Sledge | Independent Director | Profile | |
Jim Turner | Lead Independent Director | Profile | |
Frederic Sewell | Independent Director | Profile | |
Elizabeth Davis | Independent Director | Profile |
How to buy Comstock Stock?
Before investing in Comstock Resources, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Comstock Resources. To buy Comstock Resources stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Comstock Resources. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Comstock Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Comstock Resources stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Comstock Resources stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Comstock Resources, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Comstock Stock please use our How to Invest in Comstock Resources guide.
Already Invested in Comstock Resources?
The danger of trading Comstock Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Comstock Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Comstock Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Comstock Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Comstock Resources is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Comstock Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Comstock Resources Stock. Highlighted below are key reports to facilitate an investment decision about Comstock Resources Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comstock Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Comstock Stock please use our How to buy in Comstock Stock guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Comstock Stock analysis
When running Comstock Resources' price analysis, check to measure Comstock Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Comstock Resources is operating at the current time. Most of Comstock Resources' value examination focuses on studying past and present price action to predict the probability of Comstock Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comstock Resources' price. Additionally, you may evaluate how the addition of Comstock Resources to your portfolios can decrease your overall portfolio volatility.
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Is Comstock Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Comstock Resources. If investors know Comstock will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Comstock Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.79) | Dividend Share 0.5 | Earnings Share 0.76 | Revenue Per Share 5.654 | Quarterly Revenue Growth (0.56) |
The market value of Comstock Resources is measured differently than its book value, which is the value of Comstock that is recorded on the company's balance sheet. Investors also form their own opinion of Comstock Resources' value that differs from its market value or its book value, called intrinsic value, which is Comstock Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Comstock Resources' market value can be influenced by many factors that don't directly affect Comstock Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Comstock Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Comstock Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comstock Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.