Shares of Comstock Resources, Inc. (NYSE:CRK – Get Free Report) have been given an average recommendation of “Reduce” by the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $9.79.
Several analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Comstock Resources from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Monday, September 30th. Mizuho lowered their price target on shares of Comstock Resources from $11.00 to $10.00 and set an “underperform” rating on the stock in a research report on Monday, September 16th. BMO Capital Markets boosted their price target on shares of Comstock Resources from $10.00 to $11.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Siebert Williams Shank lowered shares of Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 price target on the stock. in a research report on Tuesday, October 15th. Finally, Piper Sandler lowered shares of Comstock Resources from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $8.00 to $5.00 in a report on Thursday, August 15th.
Check Out Our Latest Stock Report on CRK
Insider Transactions at Comstock Resources
Institutional Investors Weigh In On Comstock Resources
Large investors have recently modified their holdings of the stock. Foundry Partners LLC boosted its stake in shares of Comstock Resources by 11.8% during the 1st quarter. Foundry Partners LLC now owns 469,512 shares of the oil and gas producer’s stock valued at $4,357,000 after purchasing an additional 49,626 shares in the last quarter. Kovack Advisors Inc. purchased a new position in Comstock Resources during the 1st quarter valued at about $1,058,000. Seven Eight Capital LP purchased a new position in Comstock Resources during the 1st quarter valued at about $813,000. Keynote Financial Services LLC purchased a new position in Comstock Resources during the 1st quarter valued at about $930,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Comstock Resources during the 1st quarter valued at about $1,904,000. Institutional investors own 36.13% of the company’s stock.
Comstock Resources Stock Down 0.1 %
CRK opened at $12.00 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.21. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 54.55 and a beta of 0.47. Comstock Resources has a twelve month low of $7.07 and a twelve month high of $13.39. The company’s 50-day moving average price is $10.95 and its two-hundred day moving average price is $10.61.
Comstock Resources (NYSE:CRK – Get Free Report) last released its earnings results on Tuesday, July 30th. The oil and gas producer reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Comstock Resources had a negative net margin of 1.48% and a negative return on equity of 1.38%. The company had revenue of $246.80 million during the quarter, compared to analysts’ expectations of $296.02 million. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. As a group, equities analysts expect that Comstock Resources will post -0.37 earnings per share for the current year.
About Comstock Resources
Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.
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