ValuEngine lowered shares of Comstock Resources, Inc. (NYSE:CRK) from a sell rating to a strong sell rating in a research report report published on Friday morning.

A number of other research firms have also recently weighed in on CRK. Capital One Financial Corporation reiterated an underweight rating on shares of Comstock Resources in a report on Monday, August 7th. Zacks Investment Research cut Comstock Resources from a hold rating to a sell rating in a report on Thursday, July 27th. Finally, Stifel Nicolaus set a $12.00 price target on Comstock Resources and gave the stock a buy rating in a report on Monday, August 14th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $12.21.

Shares of Comstock Resources (NYSE:CRK) opened at 6.43 on Friday. The stock’s 50 day moving average price is $6.60 and its 200 day moving average price is $7.85. Comstock Resources has a 52-week low of $5.52 and a 52-week high of $13.42. The company’s market capitalization is $99.52 million.

Comstock Resources (NYSE:CRK) last released its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.67) by $0.60. The business had revenue of $61.47 million for the quarter, compared to analysts’ expectations of $63.93 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. On average, equities research analysts forecast that Comstock Resources will post ($5.03) earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of CRK. Bank of New York Mellon Corp lifted its stake in Comstock Resources by 78.9% during the 1st quarter. Bank of New York Mellon Corp now owns 44,490 shares of the oil and gas producer’s stock worth $410,000 after acquiring an additional 19,627 shares in the last quarter. First Dallas Securities Inc. lifted its stake in Comstock Resources by 13.3% during the 1st quarter. First Dallas Securities Inc. now owns 32,367 shares of the oil and gas producer’s stock worth $299,000 after acquiring an additional 3,787 shares in the last quarter. Hodges Capital Management Inc. lifted its stake in Comstock Resources by 23.1% during the 1st quarter. Hodges Capital Management Inc. now owns 1,496,062 shares of the oil and gas producer’s stock worth $13,809,000 after acquiring an additional 280,613 shares in the last quarter. SG Americas Securities LLC acquired a new position in Comstock Resources during the 1st quarter worth about $176,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Comstock Resources during the 1st quarter worth about $731,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Comstock Resources (NYSE:CRK)

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