Comstock Resources, Inc. (NYSE:CRK) Receives Average Rating of “Hold” from Analysts
Comstock Resources, Inc. (NYSE:CRK) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.75.
Separately, Zacks Investment Research cut shares of Comstock Resources from a “hold” rating to a “sell” rating in a research note on Thursday.
Shares of Comstock Resources (NYSE CRK) traded up 0.43% during mid-day trading on Thursday, reaching $7.08. The company had a trading volume of 112,701 shares. The company’s 50-day moving average is $6.98 and its 200 day moving average is $8.72. The stock’s market capitalization is $108.83 million. Comstock Resources has a 52-week low of $2.64 and a 52-week high of $13.42.
Comstock Resources (NYSE:CRK) last announced its quarterly earnings results on Monday, May 8th. The oil and gas producer reported ($1.75) EPS for the quarter, beating analysts’ consensus estimates of ($1.86) by $0.11. The firm had revenue of $53.80 million during the quarter, compared to analyst estimates of $57.96 million. During the same quarter in the prior year, the business earned ($1.14) EPS. Analysts anticipate that Comstock Resources will post ($5.49) EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of CRK. Parkwood LLC raised its position in shares of Comstock Resources by 59.9% in the second quarter. Parkwood LLC now owns 126,347 shares of the oil and gas producer’s stock valued at $893,000 after buying an additional 47,326 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Comstock Resources by 7.5% in the second quarter. Russell Investments Group Ltd. now owns 48,105 shares of the oil and gas producer’s stock valued at $340,000 after buying an additional 3,345 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Comstock Resources during the first quarter valued at $1,536,000. Paloma Partners Management Co bought a new position in shares of Comstock Resources during the first quarter valued at $998,000. Finally, Segantii Capital Management Ltd bought a new position in shares of Comstock Resources during the first quarter valued at $148,000. 49.80% of the stock is currently owned by institutional investors.
Comstock Resources Company Profile
Comstock Resources, Inc is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana.
Receive News & Ratings for Comstock Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comstock Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.