Comstock Resources Price Target Raised to $19.75 at JPMorgan Chase & Co. (CMRE)
Analysts at JPMorgan Chase & Co. lifted their price objective on shares of Comstock Resources (NASDAQ:CMRE) from $18.00 to $19.75 in a research report issued to clients and investors on Monday, American Banking News reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 10.52% from the company’s current price.
Shares of Comstock Resources (NASDAQ:CMRE) traded down 1.16% on Monday, hitting $17.87. The stock had a trading volume of 114,654 shares. Comstock Resources has a one year low of $12.18 and a one year high of $18.66. The stock has a 50-day moving average of $17.46 and a 200-day moving average of $16.81. The company has a market cap of $1.337 billion and a price-to-earnings ratio of 13.71.
Comstock Resources (NASDAQ:CMRE) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.02. The company had revenue of $110.10 million for the quarter, compared to the consensus estimate of $113.75 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts expect that Comstock Resources will post $1.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date of this dividend is Monday, October 21st.
A number of other firms have also recently commented on CMRE. Analysts at Robert W. Baird initiated coverage on shares of Comstock Resources in a research note to investors on Wednesday, October 16th. They set a “neutral” rating and a $18.00 price target on the stock. Separately, 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. Finally, analysts at Global Hunter Securities upgraded shares of Comstock Resources from a “neutral” rating to an “accumulate” rating in a research note to investors on Thursday, August 1st. They now have a $21.00 price target on the stock, up previously from $16.00. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $20.08.
Costamare Inc (NASDAQ:CMRE) is an owner and provider of containerships for charter.
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