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Research analysts at Imperial Capital initiated coverage on shares of Comstock Resources (NYSE:CRK) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $20.00 price target on the stock. Imperial Capital’s price objective would indicate a potential upside of 16.89% from the company’s current price.

Comstock Resources (NYSE:CRK) traded up 3.13% on Tuesday, hitting $17.11. The stock had a trading volume of 1,319,751 shares. Comstock Resources has a one year low of $12.83 and a one year high of $18.91. The stock’s 50-day moving average is $17.19 and its 200-day moving average is $16.70. The company’s market cap is $815.9 million.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.52) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.32) by $0.20. The company had revenue of $111.59 million for the quarter, compared to the consensus estimate of $112.24 million. During the same quarter last year, the company posted ($0.50) earnings per share. Comstock Resources’s revenue was up 14.9% compared to the same quarter last year. Analysts expect that Comstock Resources will post $-1.38 EPS for the current fiscal year.

CRK has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Comstock Resources in a research note to investors on Monday, November 25th. They now have a $19.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Comstock Resources from a “hold” rating to a “buy” rating in a research note to investors on Friday, November 22nd. They now have a $25.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Comstock Resources from $17.00 to $19.00 in a research note to investors on Friday, November 15th. They now have a “sector perform” rating on the stock. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.60.

Comstock Resources Inc (NYSE:CRK) is engaged in the acquisition, development, production and exploration of oil and natural gas.

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