- CRK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $6.7 million.
- CRK has traded 193,113 shares today.
- CRK is trading at 2.05 times the normal volume for the stock at this time of day.
- CRK is trading at a new low 3.09% below yesterday's close.
'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success. EXCLUSIVE OFFER: Get the inside scoop on opportunities in CRK with the Ticky from Trade-Ideas. See the FREE profile for CRK NOW at Trade-Ideas More details on CRK: Comstock Resources, Inc., an independent energy company, acquires, develops, explores, and produces oil and natural gas properties in the United States. Its oil and gas operations are primarily located in East Texas/North Louisiana and South Texas. The stock currently has a dividend yield of 13.4%. Currently there are 4 analysts that rate Comstock Resources a buy, 2 analysts rate it a sell, and 6 rate it a hold. The average volume for Comstock Resources has been 2.4 million shares per day over the past 30 days. Comstock has a market cap of $178.0 million and is part of the basic materials sector and energy industry. The stock has a beta of 3.71 and a short float of 41.5% with 7.38 days to cover. Shares are down 47.7% year-to-date as of the close of trading on Wednesday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates Comstock Resources as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself. Highlights from the ratings report include:
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 6838.4% when compared to the same quarter one year ago, falling from $1.17 million to -$78.50 million.
- Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, COMSTOCK RESOURCES INC's return on equity significantly trails that of both the industry average and the S&P 500.
- Currently the debt-to-equity ratio of 1.76 is quite high overall and when compared to the industry average, suggesting that the current management of debt levels should be re-evaluated. Regardless of the company's weak debt-to-equity ratio, CRK has managed to keep a strong quick ratio of 1.59, which demonstrates the ability to cover short-term cash needs.
- Net operating cash flow has decreased to $60.86 million or 36.43% when compared to the same quarter last year. Despite a decrease in cash flow COMSTOCK RESOURCES INC is still fairing well by exceeding its industry average cash flow growth rate of -53.17%.
- Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 86.11%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 8650.00% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
- You can view the full Comstock Resources Ratings Report.
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