Comstock Resources, Inc. (CRK) Given “Hold” Rating at KeyCorp
Comstock Resources, Inc. (NYSE:CRK)‘s stock had its “hold” rating reissued by KeyCorp in a report released on Monday. KeyCorp also issued estimates for Comstock Resources’ Q3 2017 earnings at ($1.52) EPS, FY2017 earnings at ($5.71) EPS, Q1 2018 earnings at ($1.27) EPS, Q2 2018 earnings at ($1.60) EPS, Q3 2018 earnings at ($1.57) EPS, Q4 2018 earnings at ($1.48) EPS and FY2018 earnings at ($5.92) EPS.
A number of other research firms have also commented on CRK. Capital One Financial Corporation restated an “underweight” rating on shares of Comstock Resources in a research note on Monday, August 7th. ValuEngine lowered shares of Comstock Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Comstock Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Barclays PLC dropped their price objective on shares of Comstock Resources from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Comstock Resources presently has an average rating of “Hold” and an average price target of $12.40.
Shares of Comstock Resources (NYSE:CRK) remained flat at $4.69 during midday trading on Monday. The stock had a trading volume of 12,334 shares. The company’s 50 day moving average price is $5.84 and its 200 day moving average price is $7.09. Comstock Resources has a 1-year low of $4.23 and a 1-year high of $13.42. The firm’s market capitalization is $72.59 million.
Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Monday, August 7th. The oil and gas producer reported ($1.07) EPS for the quarter, beating analysts’ consensus estimates of ($1.67) by $0.60. The business had revenue of $61.47 million during the quarter, compared to analyst estimates of $63.93 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, equities research analysts forecast that Comstock Resources will post ($4.89) EPS for the current year.
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Several institutional investors have recently modified their holdings of CRK. SG Americas Securities LLC acquired a new position in shares of Comstock Resources during the first quarter worth about $176,000. Northern Trust Corp increased its stake in shares of Comstock Resources by 3.4% during the second quarter. Northern Trust Corp now owns 31,745 shares of the oil and gas producer’s stock worth $225,000 after acquiring an additional 1,055 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Comstock Resources by 7.5% during the second quarter. Russell Investments Group Ltd. now owns 48,105 shares of the oil and gas producer’s stock worth $340,000 after acquiring an additional 3,345 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Comstock Resources by 23.6% during the second quarter. Bank of New York Mellon Corp now owns 54,970 shares of the oil and gas producer’s stock worth $389,000 after acquiring an additional 10,480 shares during the period. Finally, First Washington CORP acquired a new position in shares of Comstock Resources during the second quarter worth about $795,000. Institutional investors and hedge funds 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.
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