Several other brokerages also recently weighed in on CRK. SunTrust Banks started coverage on shares of Comstock Resources in a research note on Wednesday, December 18th. They issued a buy rating and a $9.00 target price on the stock. MKM Partners started coverage on shares of Comstock Resources in a research note on Wednesday, December 18th. They issued a hold rating and a $8.00 target price on the stock. Finally, Seaport Global Securities downgraded shares of Comstock Resources from a buy rating to a neutral rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $8.40.
Shares of CRK traded up $0.32 during midday trading on Wednesday, hitting $7.49. The stock had a trading volume of 121,618 shares, compared to its average volume of 476,346. Comstock Resources has a 1 year low of $4.17 and a 1 year high of $10.70. The firm has a market cap of $1.43 billion, a PE ratio of 8.73 and a beta of 1.43. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.69 and a quick ratio of 0.69. The stock’s 50 day moving average is $7.19 and its 200 day moving average is $6.84.
Comstock Resources (NYSE:CRK) last announced its earnings results on Thursday, November 7th. The oil and gas producer reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Comstock Resources had a net margin of 14.55% and a return on equity of 15.14%. The business had revenue of $224.44 million for the quarter, compared to the consensus estimate of $234.00 million. As a group, equities research analysts expect that Comstock Resources will post 0.72 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Comstock Resources by 187.6% in the 2nd quarter. BlackRock Inc. now owns 1,087,908 shares of the oil and gas producer’s stock worth $6,060,000 after buying an additional 709,665 shares during the period. Caymus Capital Partners L.P. purchased a new position in Comstock Resources in the 3rd quarter worth about $6,860,000. Vanguard Group Inc. increased its stake in Comstock Resources by 12.4% in the 2nd quarter. Vanguard Group Inc. now owns 637,641 shares of the oil and gas producer’s stock worth $3,552,000 after buying an additional 70,212 shares during the period. State Street Corp increased its stake in Comstock Resources by 1.0% in the 3rd quarter. State Street Corp now owns 292,738 shares of the oil and gas producer’s stock worth $2,280,000 after buying an additional 2,963 shares during the period. Finally, First Trust Advisors LP increased its stake in Comstock Resources by 30.1% in the 1st quarter. First Trust Advisors LP now owns 177,840 shares of the oil and gas producer’s stock worth $1,232,000 after buying an additional 41,094 shares during the period. 3.25% of the stock is currently owned by institutional investors.
Comstock Resources Company Profile
Comstock Resources, Inc and its subsidiaries engage in the acquisition, exploration for, development, and production of oil and natural gas properties, primarily in Texas, Louisiana, and North Dakota. The company is headquartered in Frisco, Texas.
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