Comstock Resources Inc (CRK) Plans Quarterly Dividend of $0.13
Comstock Resources (NYSE:CRK) declared a quarterly dividend on Thursday, August 21st, AnalystRatings.NET reports. Stockholders of record on Friday, September 5th will be given a dividend of 0.125 per share on Monday, September 15th. This represents a $0.50 dividend on an annualized basis and a yield of 2.03%.
Several analysts have recently commented on the stock. 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. 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. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $26.82.
Comstock Resources (NYSE:CRK) traded up 1.74% during mid-day trading on Thursday, hitting $24.60. 819,285 shares of the company’s stock traded hands. Comstock Resources has a 1-year low of $14.21 and a 1-year high of $29.49. The stock’s 50-day moving average is $25.16 and its 200-day moving average is $24.14. The company’s market cap is $1.177 billion.
Comstock Resources (NYSE:CRK) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted ($0.32) earnings per share. Comstock Resources’s revenue was up 44.3% compared to the same quarter last year. On average, analysts predict that Comstock Resources will post $0.56 earnings per share 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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