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.

Hedge funds have recently modified their holdings of the company. Northern Trust Corp grew 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 last quarter. ACR Alpine Capital Research LLC purchased a new stake in shares of Comstock Resources during the third quarter worth about $304,000. Russell Investments Group Ltd. grew 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 last quarter. Bank of New York Mellon Corp grew 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 last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of Comstock Resources during the third quarter worth about $430,000. Institutional investors and hedge funds own 52.69% of the company’s stock.

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.

Analyst Recommendations for Comstock Resources (NYSE:CRK)

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