Brokerages Set Comstock Resources, Inc. (NYSE:CRK) Price Target at $12.75
Comstock Resources, Inc. (NYSE:CRK) has been given a consensus rating of “Hold” by the seven research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.75.
Separately, Zacks Investment Research lowered shares of Comstock Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.
Several hedge funds have recently made changes to their positions in CRK. Russell Investments Group Ltd. increased its stake in shares of Comstock Resources by 7.5% in the second quarter. Russell Investments Group Ltd. now owns 48,105 shares of the oil and gas producer’s stock worth $340,000 after buying an additional 3,345 shares in the last quarter. First Dallas Securities Inc. increased its stake in shares of Comstock Resources by 13.3% in the first quarter. First Dallas Securities Inc. now owns 32,367 shares of the oil and gas producer’s stock worth $299,000 after buying an additional 3,787 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Comstock Resources by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 54,970 shares of the oil and gas producer’s stock worth $389,000 after buying an additional 10,480 shares in the last quarter. Segantii Capital Management Ltd purchased a new stake in shares of Comstock Resources during the first quarter worth $148,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Comstock Resources during the fourth quarter worth $170,000. Institutional investors and hedge funds own 50.21% of the company’s stock.
Comstock Resources (NYSE CRK) traded up 4.41% during mid-day trading on Thursday, hitting $6.86. 179,322 shares of the stock traded hands. The stock has a 50 day moving average price of $6.94 and a 200 day moving average price of $8.62. The firm’s market cap is $105.45 million. Comstock Resources has a 12-month low of $2.79 and a 12-month high of $13.42.
Comstock Resources (NYSE:CRK) last issued its quarterly earnings data on Monday, May 8th. The oil and gas producer reported ($1.75) EPS for the quarter, topping analysts’ consensus estimates of ($1.86) by $0.11. The company had revenue of $53.80 million for the quarter, compared to the consensus estimate of $57.96 million. During the same period in the prior year, the company earned ($1.14) EPS. On average, analysts expect that Comstock Resources will post ($5.49) 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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