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How to Buy Comstock Resources Stock

Comstock Resources Inc

Comstock Resources is a oil and gas company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker CRK on the NYSE exchange.

Comstock Resources stock last closed at $9.26, up 4.51% from the previous day, and has decreased 13.62% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.35 percentage points. Comstock Resources stock is currently +30.98% from its 52-week low of $7.07, and -30.84% from its 52-week high of $13.39.

As of Mar 27, 2024, there are 278.43M CRK shares outstanding. The market cap of CRK is $2.58B. In the past 24 hours, 7.77M CRK shares were traded.

How to Buy Comstock Resources Stock

Wondering how to invest in Comstock Resources stock? Here's how.
  1. Figure out where to buy Comstock Resources stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Comstock Resources stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Choose your payment method and add your info.
  4. Research Comstock Resources stock: The Comstock Resources ticker symbol is CRK. Is Comstock Resources stock a good investment? Should you buy shares of CRK? How do CRK's underlying business fundamentals look? Do top analysts think Comstock Resources is a good buy? Why has CRK's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if CRK is a good stock to buy).
  5. Execute your CRK purchase: Decide if you will purchase CRK shares at the current market price or use a limit order to purchase CRK shares at a particular price.
  6. Get key alerts regarding your CRK position: Create a watchlist to get the latest news on your investment in Comstock Resources shares.

Step 1: Figure out where to buy Comstock Resources stock

You will need a brokerage account to access the NYSE market and buy CRK shares.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've picked the best brokerage, you'll need to fill out some personal info so you can invest in CRK today.

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Step 3: Fund your brokerage account

Now that you've filled out your info on the highest rated stock app, you can securely and quickly fund your account:

Check out the video below to see the process of depositing funds into your new brokerage account.

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Step 4: Research Comstock Resources stock

After you have figured out the best place to buy Comstock Resources stock, it's absolutely critical to research their stock before you buy, so you actually understand the risk and upside.

Comstock Resources Metrics

CRK Price
$9.26
1w %
14.75%
1y %
-13.62%
5y %
32.29%
P/E
12.18x
P/B
1.09x
P/S
1.64x
PEG
0.07x
Revenue
$1.57B
Earnings
$211.89M
Fore. Rev. Growth
12.19%
Fore. Earn. Growth
206.08%
Market Cap
$2.58B
Next Earnings
Apr 30, 2024
Next Dividend
N/A

Comstock Resources Due Diligence Checks

WallStreetZen was created to help everyday investors perform more accurate fundamental analysis in less time.

You can view all of the due diligence checks on CRK's stock page.

Is CRK stock overvalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge CRK's fair value.

Using relative valuations metrics:

  • CRK may be undervalued based on its P/E ratio of 12.18x, relative to Oil & Gas E&P industry P/E ratio of 12.88x
  • CRK may be undervalued based on its P/B ratio of 1.09x, relative to Oil & Gas E&P industry P/B ratio of 2.07x
  • CRK may be undervalued based on its PEG ratio of 0.07x

You can do additional valuation analysis on CRK's stock here.

A look at CRK Cashflows and Balance Sheet

Pros:

  • CRK has $16.67M in cash and short term investments. This is enough to cover its annual cash burn of $366.95M.
  • Total CRK debt is lower than 5 years ago, relative to shareholder equity.

Cons:

  • There are more long-term liabilities than short-term assets on the CRK balance sheet.
  • CRK has a relatively high debt to equity ratio of 1.64.
  • There are more short-term liabilities than short-term assets on the CRK balance sheet.
  • CRK has cash burn of 366945000. It does not have sufficient cash and short-term investments to cover this.
  • CRK profit margin has gone down from 31% to 13.5% in the past year.

Do Wall Street analysts think it's a good time to buy CRK stock

Out of 4 Equities analysts who research CRK, the consensus analyst rating on Comstock Resources is a Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.

You can dig deeper into what analysts are saying on the Comstock Resources stock forecast page.

CRK Technicals

SMA10
8.36
SMA20
8.43
SMA50
8.07
SMA100
8.96
SMA200
10.32
MACD
0.16
MACD Signal
0.07
MACD Histogram
0.09
RSI
70.58
Stochastic %K
86.38
Stochastic %D
72.32
StochRSI %K
97.87
StochRSI %D
85.74

CRK Revenue

Last year, CRK earnings were $211.89M. During the last five year, CRK's earnings have grown by 4.5% per year. This was slower than the Oil & Gas E&P industry average of 15.38%.

Last year, CRK revenue was $1.57B. During the last five year, CRK's revenue has grown by 47.57% per year. This was faster than the Oil & Gas E&P industry average of 20.15%.

Dig into CRK's earnings and revenue performance here.

Who is buying/selling CRK?

Over the last 12 months, executives and large shareholders at CRK have bought more shares than they have sold.

Blue Star Exploration Corp, 10% Owner of CRK, was the latest CRK insider to buy. They bought $100,450,000.00 worth of CRK stock on Mar 25, 2024.

Get more info about who owns CRK stock here.

Can I get consistent income from CRK stock?

Comstock Resources pays a dividend of 4.05%, compared to the Oil & Gas E&P industry's average dividend yield of 3.64%. If you owned $1,000 of CRK stock, you would have received $40.50 in the past 12 months.

Comstock Resources dividend payments have not consistently grown over the past decade and have not remained stable.

Find more data about Comstock Resources dividend yield and history here.

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Step 5: Execute your CRK purchase

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually sufficient.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at an exact dollar amount, place a limit order.

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Step 6: Get key alerts regarding your CRK position

Now that you own some CRK stock, you'll want to keep up with your new stock purchase.

Add CRK to a watchlist to track the latest developments regarding your CRK stock.

CRK Feed

How to Buy Stock in Comstock Resources

To summarize, here are the 6 steps you need to take to buy Comstock Resources stock right now:

  1. Figure out where to buy Comstock Resources stock
  2. Sign up for a brokerage account
  3. Fund your brokerage account
  4. Research Comstock Resources stock
  5. Execute your CRK purchase
  6. Get key alerts regarding your CRK position

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If you would like to keep tabs on your investment in Comstock Resources, get started below.

NYSE: CRK
$9.26+0.40 (+4.51%)
Updated Mar 27, 2024
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NYSE: CRK
$9.26+0.40 (+4.51%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Comstock Resources share?

As of Mar 27, 2024, it costs $9.26 to buy one share of Comstock Resources stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $4, you can buy 0.432 shares of CRK.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Comstock Resources stock?

According to 4 Wall Street analysts who monitor Comstock Resources, their consensus recommendation is to buy Comstock Resources stock.

What is the best way to buy Comstock Resources stock?

One way to place an order for Comstock Resources stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.