Comstock Resources Inc. (NYSE:CRK) had its target price lifted by Imperial Capital from $3.75 to $8.50 in a research report report published on Friday. The firm currently has an in-line rating on the stock.
A number of other analysts have also recently commented on the stock. Zacks Investment Research raised shares of Comstock Resources from a hold rating to a buy rating and set a $5.00 price target for the company in a research report on Tuesday, July 5th. Stifel Nicolaus reissued a hold rating on shares of Comstock Resources in a research report on Wednesday, August 31st. Finally, Robert W. Baird raised their price target on shares of Comstock Resources from $6.00 to $10.00 and gave the stock a neutral rating in a research report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $10.54.
Comstock Resources (NYSE:CRK) opened at 8.04 on Friday. The company’s 50 day moving average is $7.32 and its 200-day moving average is $4.88. Comstock Resources has a 12 month low of $2.64 and a 12 month high of $15.00. The company’s market cap is $100.53 million.
Comstock Resources (NYSE:CRK) last released its earnings results on Monday, August 1st. The company reported ($4.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by $3.39. The company earned $40.72 million during the quarter, compared to analyst estimates of $39.16 million. Comstock Resources had a negative return on equity of 202.37% and a negative net margin of 475.42%. The firm’s revenue for the quarter was down 47.3% on a year-over-year basis. During the same quarter last year, the business earned ($1.11) earnings per share. On average, analysts expect that Comstock Resources will post ($12.63) earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of CRK. BlackRock Institutional Trust Company N.A. raised its position in Comstock Resources by 32.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,263,502 shares of the company’s stock valued at $967,000 after buying an additional 311,590 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Comstock Resources during the first quarter valued at approximately $121,000. Oasis Management Co Ltd. bought a new stake in shares of Comstock Resources during the first quarter valued at approximately $1,990,000. Mariner Investment Group LLC bought a new stake in shares of Comstock Resources during the second quarter valued at approximately $237,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Comstock Resources during the second quarter valued at approximately $229,000.
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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