Comstock Resources, Inc. (NYSE:CRK) had its price objective cut by stock analysts at Barclays PLC from $7.00 to $6.00 in a research report issued on Wednesday. The brokerage presently has an “equal weight” rating on the oil and gas producer’s stock. Barclays PLC’s price target points to a potential upside of 33.33% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Comstock Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Capital One Financial Corporation reiterated an “underweight” rating on shares of Comstock Resources in a research note on Monday, August 7th. Stifel Nicolaus set a $12.00 price objective on shares of Comstock Resources and gave the company a “buy” rating in a research note on Monday, August 14th. Finally, ValuEngine cut shares of Comstock Resources from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Comstock Resources has a consensus rating of “Hold” and a consensus price target of $12.40.

Shares of Comstock Resources (NYSE CRK) traded down 3.02% on Wednesday, hitting $4.50. 449,623 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $5.98 and its 200 day moving average price is $7.18. Comstock Resources has a 12-month low of $4.44 and a 12-month high of $13.42. The stock’s market cap is $69.65 million.

Comstock Resources (NYSE:CRK) last issued its earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.67) by $0.60. The firm had revenue of $61.47 million during the quarter, compared to analysts’ expectations of $63.93 million. During the same period in the previous year, the firm earned $0.41 EPS. On average, equities analysts predict that Comstock Resources will post ($4.87) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Northern Trust Corp lifted its stake in shares of Comstock Resources by 3.4% in the second quarter. Northern Trust Corp now owns 31,745 shares of the oil and gas producer’s stock valued at $225,000 after purchasing an additional 1,055 shares during the period. Russell Investments Group Ltd. lifted its stake 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 purchasing an additional 3,345 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Comstock Resources by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 54,970 shares of the oil and gas producer’s stock valued at $389,000 after purchasing an additional 10,480 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Comstock Resources in the first quarter valued at about $176,000. Finally, Parkwood LLC lifted its stake 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 purchasing an additional 47,326 shares during the period. Hedge funds and other institutional investors own 53.59% of the company’s stock.

About Comstock Resources

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.

Analyst Recommendations for Comstock Resources (NYSE:CRK)

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