Comstock Resources Given Equal Weight Rating at Barclays (CRK)
Comstock Resources (NYSE:CRK)‘s stock had its “equal weight” rating restated by equities researchers at Barclays in a research report issued on Monday, ARN reports. They currently have a $22.00 price objective on the stock, down from their previous price objective of $23.00. Barclays’ price objective would indicate a potential upside of 31.19% from the stock’s previous close.
Shares of Comstock Resources (NYSE:CRK) traded down 2.22% on Monday, hitting $16.77. The stock had a trading volume of 844,085 shares. Comstock Resources has a 1-year low of $12.83 and a 1-year high of $18.91. The stock’s 50-day moving average is $17. and its 200-day moving average is $16.78. The company’s market cap is $799.7 million.
Comstock Resources (NYSE:CRK) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.52) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.50) earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. On average, analysts predict that Comstock Resources will post $-1.42 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Imperial Capital initiated coverage on shares of Comstock Resources in a research note to investors on Tuesday, January 14th. They set an “outperform” rating and a $20.00 price target on the stock. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average 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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