Barclays PLC Trims Comstock Resources, Inc. (CRK) Target Price to $6.00

Comstock Resources, Inc. (NYSE:CRK) had its price objective decreased by Barclays PLC from $7.00 to $6.00 in a report released on Wednesday. Barclays PLC currently has an equal weight rating on the oil and gas producer’s stock.

Other equities research analysts also recently issued reports about the stock. Capital One Financial Corporation reaffirmed an underweight rating on shares of Comstock Resources in a research note on Monday, August 7th. Zacks Investment Research downgraded shares of Comstock Resources from a hold rating to a sell rating in a research note on Thursday, July 27th. Stifel Nicolaus set a $12.00 price target on shares of Comstock Resources and gave the company a buy rating in a research note on Monday, August 14th. Finally, ValuEngine downgraded shares of Comstock Resources from a hold rating to a sell rating in a research note on Thursday, August 17th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $12.40.

Shares of Comstock Resources (NYSE CRK) traded up 2.33% during midday trading on Wednesday, hitting $4.83. 465,390 shares of the company were exchanged. The firm’s 50 day moving average price is $5.86 and its 200 day moving average price is $7.12. The firm’s market capitalization is $74.76 million. Comstock Resources has a one year low of $4.23 and a one year high of $13.42.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) earnings per share for the quarter, beating the consensus estimate of ($1.67) by $0.60. The company had revenue of $61.47 million during the quarter, compared to the consensus estimate of $63.93 million. During the same period last year, the firm posted $0.41 earnings per share. Analysts forecast that Comstock Resources will post ($5.16) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Comstock Resources by 40.4% during the second quarter. Vanguard Group Inc. now owns 628,355 shares of the oil and gas producer’s stock valued at $4,443,000 after buying an additional 180,935 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Comstock Resources by 3.4% during the second 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 last quarter. First Washington CORP acquired a new position in shares of Comstock Resources during the second quarter valued at about $795,000. Bank of New York Mellon Corp grew its holdings in shares of Comstock Resources by 23.6% during the second 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 last quarter. Finally, Hodges Capital Management Inc. grew its holdings in shares of Comstock Resources by 5.9% during the second quarter. Hodges Capital Management Inc. now owns 1,583,867 shares of the oil and gas producer’s stock valued at $11,198,000 after buying an additional 87,805 shares during the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

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.

Analyst Recommendations for Comstock Resources (NYSE:CRK)

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