Comstock Resources Coverage Initiated at Robert W. Baird (CRK)
Stock analysts at Robert W. Baird assumed coverage on shares of Comstock Resources (NYSE:CRK) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $18.00 price target on the stock. Robert W. Baird’s price target points to a potential downside of 2.49% from the stock’s previous close.
A number of other analysts have also recently weighed in on CRK. Analysts at Global Hunter Securities upgraded shares of Comstock Resources from an “accumulate” rating to a “buy” rating in a research note to investors on Wednesday, September 18th. Separately, analysts at Howard Weil downgraded shares of Comstock Resources from a “sector outperform” rating to a “sector perform” rating in a research note to investors on Tuesday, September 17th. They now have a $21.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Comstock Resources in a research note to investors on Thursday, September 12th. They now have a $16.00 price target on the stock. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Comstock Resources presently has an average rating of “Hold” and a consensus price target of $23.33.
Comstock Resources (NYSE:CRK) traded up 3.65% on Wednesday, hitting $18.46. 953,941 shares of the company’s stock traded hands. Comstock Resources has a 52 week low of $12.83 and a 52 week high of $20.47. The stock’s 50-day moving average is $15.98 and its 200-day moving average is $16.28. The company’s market cap is $891.9 million.
Comstock Resources (NYSE:CRK) last released its earnings data on Monday, July 29th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by $0.13. The company had revenue of $107.90 million for the quarter, compared to the consensus estimate of $113.26 million. During the same quarter in the previous year, the company posted ($0.22) earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts predict that Comstock Resources will post $-1.28 earnings per share for the current fiscal year.
Comstock Resources Inc (NYSE:CRK) is engaged in the acquisition, development, production and exploration of oil and natural gas.
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