Shares of Comstock Resources Inc (NYSE:CRK) have been given a consensus rating of “Hold” by the seven brokerages that are covering the firm. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $12.75.
CRK has been the subject of several recent analyst reports. Stifel Nicolaus initiated coverage on Comstock Resources in a research note on Thursday, March 23rd. They set a “buy” rating and a $14.00 target price for the company. Zacks Investment Research cut Comstock Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, January 24th. Seaport Global Securities reaffirmed a “buy” rating and set a $17.00 target price on shares of Comstock Resources in a research note on Thursday, March 9th. Barclays PLC reiterated a “hold” rating and issued a $10.00 price target on shares of Comstock Resources in a research report on Wednesday, February 1st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $10.00 price target on shares of Comstock Resources in a research report on Wednesday, January 11th.
A number of institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in Comstock Resources during the fourth quarter valued at approximately $170,000. AidennLair Capital Management LP acquired a new position in Comstock Resources during the fourth quarter valued at approximately $446,000. Wells Fargo & Company MN boosted its position in Comstock Resources by 596.2% in the third quarter. Wells Fargo & Company MN now owns 60,578 shares of the oil and gas producer’s stock valued at $463,000 after buying an additional 51,877 shares during the last quarter. GeoSphere Capital Management acquired a new position in Comstock Resources during the fourth quarter valued at approximately $739,000. Finally, Marshall Wace LLP acquired a new position in Comstock Resources during the fourth quarter valued at approximately $1,106,000. Institutional investors and hedge funds own 41.02% of the company’s stock.
Comstock Resources (NYSE:CRK) last issued its quarterly earnings results on Friday, February 24th. The oil and gas producer reported ($2.58) earnings per share for the quarter, missing the consensus estimate of ($2.57) by $0.01. The firm earned $48.50 million during the quarter, compared to the consensus estimate of $48.40 million. During the same period last year, the firm posted ($0.91) earnings per share. On average, equities analysts anticipate that Comstock Resources will post ($4.55) EPS for the current year.
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About Comstock Resources
Comstock Resources, Inc is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana.
