Comstock Resources, Inc. (CRK) Receives Average Rating of “Hold” from Brokerages
Shares of Comstock Resources, Inc. (NYSE:CRK) have earned an average rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $13.20.
Several research firms recently issued reports on CRK. Zacks Investment Research lowered Comstock Resources from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus set a $12.00 price target on Comstock Resources and gave the stock a “buy” rating in a research report on Monday, August 14th. ValuEngine lowered Comstock Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, Capital One Financial Corporation restated an “underweight” rating on shares of Comstock Resources in a research report on Monday, August 7th.
Shares of Comstock Resources (CRK) opened at 4.88 on Tuesday. Comstock Resources has a one year low of $4.75 and a one year high of $13.42. The company’s market capitalization is $75.53 million. The company has a 50-day moving average price of $6.02 and a 200 day moving average price of $7.21.
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 (EPS) for the quarter, topping the consensus estimate of ($1.67) by $0.60. The company had revenue of $61.47 million for the quarter, compared to the consensus estimate of $63.93 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. Equities analysts anticipate that Comstock Resources will post ($4.87) EPS for the current year.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Comstock Resources by 40.4% in the 2nd 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 during the last quarter. Northern Trust Corp grew its position in shares of Comstock Resources by 3.4% in the 2nd quarter. Northern Trust Corp now owns 31,745 shares of the oil and gas producer’s stock worth $225,000 after buying an additional 1,055 shares during the last quarter. First Washington CORP bought a new stake in shares of Comstock Resources in the 2nd quarter worth approximately $795,000. Bank of New York Mellon Corp grew its position in shares of Comstock Resources by 23.6% in the 2nd 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 during the last quarter. Finally, Hodges Capital Management Inc. grew its position in shares of Comstock Resources by 5.9% in the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.
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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