CRK Stock Summary and Trading Ideas (Comstock Resources | NYSE:CRK)

Comstock Resources Inc is an independent energy company operating in the Haynesville shale, a natural gas basin located in East Texas and North Louisiana with superior economics and geographical proximity to the Gulf Coast markets. The Company operates in one business segment, the exploration and production of North American natural gas and oil. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. Its oil and gas operations are concentrated in Louisiana and Texas.

Comstock Resources trades on the NYSE stock market under the symbol CRK.

As of April 19, 2024, CRK stock price climbed to $9.32 with 1,390,279 million shares trading.

CRK has a beta of 1.42, meaning it tends to be more sensitive to market movements. CRK has a correlation of 0.12 to the broad based SPY ETF.

CRK has a market cap of $2.72 billion. This is considered a Mid Cap stock.

Last quarter Comstock Resources reported $411 million in Revenue and $.10 earnings per share. This beat revenue expectation by $12 million and missed earnings estimates by -$.03.

In the last 3 years, CRK stock traded as high as $22.11 and as low as $4.67.

The top ETF exchange traded funds that CRK belongs to (by Net Assets): XOP, IJR, VTI, IWM, VB.

CRK stock has underperformed the market in the last year with a return of -12.2%, while SPY returned +21.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CRK shares. However, CRK has outperformed the market in the last 3 month and 2 week periods, returning +15.8% and +2.5%, while SPY returned +4.6% and -3.2%, respectively. This indicates CRK has been having a stronger performance recently.

CRK support price is $8.99 and resistance is $9.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CRK stock will trade within this expected range on the day.