Brokerages Set Comstock Resources Inc. (CRK) Target Price at $9.40
Comstock Resources Inc. (NYSE:CRK) has been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $9.40.
Several brokerages recently commented on CRK. Imperial Capital boosted their price target on shares of Comstock Resources from $3.75 to $8.50 and gave the stock an “in-line” rating in a report on Friday, October 7th. Zacks Investment Research raised shares of Comstock Resources from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a report on Monday, October 3rd. Stifel Nicolaus reissued a “hold” rating on shares of Comstock Resources in a report on Wednesday, August 31st. Finally, Robert W. Baird boosted their price target on shares of Comstock Resources from $6.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, September 15th.
Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new stake in shares of Comstock Resources during the first quarter worth about $121,000. Cubist Systematic Strategies LLC raised its stake in shares of Comstock Resources by 16.1% in the second quarter. Cubist Systematic Strategies LLC now owns 158,435 shares of the company’s stock worth $133,000 after buying an additional 21,992 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in shares of Comstock Resources during the second quarter worth about $229,000. Mariner Investment Group LLC purchased a new stake in shares of Comstock Resources during the second quarter worth about $237,000. Finally, Spark Investment Management LLC purchased a new stake in shares of Comstock Resources during the second quarter worth about $313,000.
Shares of Comstock Resources (NYSE:CRK) opened at 8.04 on Monday. The company’s market cap is $100.53 million. Comstock Resources has a 12-month low of $2.64 and a 12-month high of $15.00. The stock has a 50 day moving average of $7.32 and a 200 day moving average of $4.88.
Comstock Resources (NYSE:CRK) last issued its quarterly earnings results on Monday, August 1st. The company reported ($4.05) EPS for the quarter, missing the consensus estimate of ($0.66) by $3.39. The company earned $40.72 million during the quarter, compared to analysts’ expectations of $39.16 million. Comstock Resources had a negative return on equity of 202.37% and a negative net margin of 475.42%. Comstock Resources’s revenue was down 47.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.11) EPS. Equities research analysts predict that Comstock Resources will post ($12.63) earnings per share for the current fiscal 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.
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