Comstock Resources Stock Rating Upgraded by Global Hunter Securities (CMRE)
Comstock Resources (NASDAQ:CMRE) was upgraded by stock analysts at Global Hunter Securities from an “accumulate” rating to a “buy” rating in a report issued on Wednesday, AR Network reports.
A number of other firms have also recently commented on CMRE. Analysts at Eurobank EFG raised their price target on shares of Comstock Resources (NASDAQ:CMRE) from $19.00 to $21.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Comstock Resources (NASDAQ:CMRE) from an “overweight” rating to a “market perform” rating in a research note to investors on Tuesday, July 23rd. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Comstock Resources (NASDAQ:CMRE) from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, July 23rd. They now have a $16.00 price target on the stock, up previously from $15.50.
Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $20.38.
Comstock Resources (NASDAQ:CMRE) traded down 0.63% on Wednesday, hitting $17.32. The stock had a trading volume of 71,739 shares. Comstock Resources has a one year low of $12.18 and a one year high of $18.66. The stock’s 50-day moving average is $17.44 and its 200-day moving average is $16.86. The company has a market cap of $1.296 billion and a P/E ratio of 13.98.
Comstock Resources (NASDAQ:CMRE) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.05. The company had revenue of $100.00 million for the quarter, compared to the consensus estimate of $103.16 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that Comstock Resources will post $1.51 earnings per share for the current fiscal year.
Costamare Inc (NASDAQ:CMRE) is an owner and provider of containerships for charter.
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