Comstock Resources Inc (CRK) Given Average Rating of “Hold” by Brokerages
Shares of Comstock Resources Inc (NYSE:CRK) have earned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $11.75.
Several research firms have issued reports on CRK. KeyCorp reiterated a “hold” rating on shares of Comstock Resources in a research note on Monday, October 16th. Barclays cut their target price on 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, Robert W. Baird set a $12.00 target price on Comstock Resources and gave the company a “buy” rating in a research note on Friday, November 17th.
In related news, CEO M Jay Allison bought 12,500 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were bought at an average price of $8.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the chief executive officer now directly owns 611,630 shares of the company’s stock, valued at $4,893,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 173,500 shares of company stock worth $1,136,570 in the last quarter. 11.60% of the stock is owned by insiders.
Shares of Comstock Resources (NYSE:CRK) opened at $8.79 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of -3.32. The firm has a market capitalization of $135.61, a PE ratio of -0.99 and a beta of -0.48. Comstock Resources has a fifty-two week low of $4.01 and a fifty-two week high of $13.42.
Comstock Resources (NYSE:CRK) last posted its earnings results on Thursday, November 2nd. The oil and gas producer reported ($1.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.45) by $0.35. research analysts anticipate that Comstock Resources will post -4.77 EPS for the current fiscal year.
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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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