5 High Growth Low PE Stocks

3. Comstock Resources, Inc. (NYSE:CRK)

PE Ratio as of February 16, 2022: 3.53

Comstock Resources, Inc. (NYSE:CRK) is one of the high growth undervalued stocks out there. Recently, Comstock Resources, Inc. (NYSE:CRK) posted its fourth quarter results. Adjusted EPS in the period came in at $1.05, beating estimates by $0.24. Revenue in the quarter jumped about 41% on a YoY basis to come in at $922.38 million, beating estimates by $256.51 million. Comstock Resources, Inc. (NYSE:CRK) said that its production in the quarter jumped 7% from last year to 1,445 MMcfe per day.

At the end of the third quarter of 2022, 22 hedge funds reported owning shares of Comstock Resources, Inc. (NYSE:CRK). The total value of these shares was about $275 million.