Comstock Resources Inc (CRK) Announces Quarterly Dividend of $0.13
Comstock Resources (NYSE:CRK) declared a quarterly dividend on Tuesday, May 13th, AR Network reports. Investors of record on Friday, June 6th will be given a dividend of 0.125 per share on Monday, June 16th. This represents a $0.50 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, June 4th.
A number of analysts have recently weighed in on CRK shares. Analysts at Robert W. Baird raised their price target on shares of Comstock Resources from $18.00 to $21.00 in a research note on Tuesday. On the ratings front, analysts at Barclays reiterated an “equal weight” rating on shares of Comstock Resources in a research note on Friday. They now have a $28.00 price target on the stock, up previously from $27.00. Finally, analysts at FBR Capital Markets downgraded shares of Comstock Resources from an “outperform” rating to a “market perform” rating in a research note on Friday. They now have a $27.00 price target on the stock. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.17.
Comstock Resources (NYSE:CRK) traded up 2.59% during mid-day trading on Tuesday, hitting $26.13. The stock had a trading volume of 1,234,880 shares. Comstock Resources has a one year low of $14.21 and a one year high of $28.73. The stock’s 50-day moving average is $24.90 and its 200-day moving average is $19.72. The company has a market cap of $1.250 billion and a price-to-earnings ratio of 17.59.
Comstock Resources (NYSE:CRK) last released its earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.03. During the same quarter last year, the company posted ($0.52) earnings per share. Analysts expect that Comstock Resources will post $0.51 EPS 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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