Comstock Resources Given Consensus Rating of “Buy” by Brokerages (NYSE:CRK)
Comstock Resources (NYSE:CRK) has earned an average recommendation of “Buy” from the twelve brokerages that are covering the company, StockRatingsNetwork.com reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $26.82.
Shares of Comstock Resources (NYSE:CRK) opened at 24.98 on Thursday. Comstock Resources has a one year low of $14.21 and a one year high of $29.49. The stock’s 50-day moving average is $26.26 and its 200-day moving average is $23.72. The company’s market cap is $1.196 billion.
Comstock Resources (NYSE:CRK) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $155.72 million for the quarter, compared to the consensus estimate of $149.91 million. During the same quarter in the previous year, the company posted ($0.32) earnings per share. The company’s revenue for the quarter was up 44.3% on a year-over-year basis. On average, analysts predict that Comstock Resources will post $0.57 earnings per share for the current fiscal year.
A number of research firms have recently commented on CRK. Analysts at Barclays raised their price target on shares of Comstock Resources from $28.00 to $34.00 in a research note on Wednesday, July 23rd. Separately, analysts at Stifel Nicolaus raised their price target on shares of Comstock Resources from $30.00 to $33.00 in a research note on Thursday, June 26th. They now have a “buy” rating on the stock. Finally, 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, May 13th.
Comstock Resources Inc (NYSE:CRK) is engaged in the acquisition, development, production and exploration of oil and natural gas.
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