Comstock Resources, Inc. (NYSE:CRK) has been assigned a $12.00 price target by Stifel Nicolaus in a research report issued on Monday. The firm presently has a “buy” rating on the oil and gas producer’s stock. Stifel Nicolaus’ target price indicates a potential upside of 78.84% from the stock’s current price.

CRK has been the topic of several other research reports. Zacks Investment Research downgraded shares of Comstock Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Capital One Financial Corporation reaffirmed an “underweight” rating on shares of Comstock Resources in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $12.21.

Comstock Resources (CRK) traded down 1.64% during midday trading on Monday, hitting $6.60. 83,798 shares of the stock traded hands. Comstock Resources has a one year low of $4.01 and a one year high of $13.42. The company’s 50 day moving average is $6.85 and its 200-day moving average is $8.46. The company’s market cap is $102.15 million.

Comstock Resources (NYSE:CRK) last announced its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.67) by $0.60. The business had revenue of $61.47 million during the quarter, compared to analysts’ expectations of $63.93 million. During the same period last year, the company earned $0.41 EPS. On average, equities research analysts forecast that Comstock Resources will post ($5.09) EPS for the current fiscal year.

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Several institutional investors have recently bought and sold shares of CRK. Hodges Capital Management Inc. raised its position in Comstock Resources by 5.9% in the second quarter. Hodges Capital Management Inc. now owns 1,583,867 shares of the oil and gas producer’s stock worth $11,198,000 after buying an additional 87,805 shares in the last quarter. Vanguard Group Inc. raised its position in Comstock Resources by 40.4% in the second quarter. Vanguard Group Inc. now owns 628,355 shares of the oil and gas producer’s stock worth $4,443,000 after buying an additional 180,935 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Comstock Resources during the first quarter worth $1,536,000. Parkwood LLC raised its position in Comstock Resources by 59.9% in the second quarter. Parkwood LLC now owns 126,347 shares of the oil and gas producer’s stock worth $893,000 after buying an additional 47,326 shares in the last quarter. Finally, First Washington CORP purchased a new position in Comstock Resources during the second quarter worth $795,000. 49.42% of the stock is owned by institutional investors and hedge funds.

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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