Shares of Comstock Resources, Inc. (NYSE:CRK) have been given a consensus rating of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $12.42.
A number of research firms recently commented on CRK. ValuEngine cut shares of Comstock Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Stifel Nicolaus set a $12.00 price target on shares of Comstock Resources and gave the stock a “buy” rating in a research note on Monday, August 14th. Capital One Financial Corporation reaffirmed an “underweight” rating on shares of Comstock Resources in a research note on Monday, August 7th. Finally, Zacks Investment Research cut shares of Comstock Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.
A number of institutional investors have recently added to or reduced their stakes in CRK. Segantii Capital Management Ltd purchased a new stake in Comstock Resources in the 1st quarter valued at about $148,000. SG Americas Securities LLC purchased a new stake in Comstock Resources in the 1st quarter valued at about $176,000. Northern Trust Corp boosted its position in Comstock Resources by 3.4% in the 2nd quarter. Northern Trust Corp now owns 31,745 shares of the oil and gas producer’s stock valued at $225,000 after buying an additional 1,055 shares during the period. Russell Investments Group Ltd. boosted its position in Comstock Resources by 7.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 48,105 shares of the oil and gas producer’s stock valued at $340,000 after buying an additional 3,345 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Comstock Resources by 23.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 54,970 shares of the oil and gas producer’s stock valued at $389,000 after buying an additional 10,480 shares during the period. 53.59% of the stock is owned by institutional investors.
Shares of Comstock Resources (NYSE:CRK) traded down 0.98% during trading on Friday, hitting $6.04. 161,515 shares of the stock traded hands. The stock’s market cap is $93.49 million. The firm’s 50-day moving average price is $6.43 and its 200-day moving average price is $7.59. Comstock Resources has a 12 month low of $5.52 and a 12 month high of $13.42.
Comstock Resources (NYSE:CRK) last released its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) EPS for the quarter, topping analysts’ consensus estimates of ($1.67) by $0.60. The firm had revenue of $61.47 million for the quarter, compared to analysts’ expectations of $63.93 million. During the same period in the prior year, the firm posted $0.41 earnings per share. Analysts anticipate that Comstock Resources will post ($4.87) EPS for the current year.
Comstock Resources Company Profile
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.
Receive News & Ratings for Comstock Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comstock Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.