Comstock Resources Inc. (CRK) Price Target Raised to $10.00
Comstock Resources Inc. (NYSE:CRK) had its target price boosted by Robert W. Baird from $6.00 to $10.00 in a research report report published on Thursday morning. The firm currently has a neutral rating on the stock.
CRK has been the subject of several other reports. Stifel Nicolaus reissued a hold rating on shares of Comstock Resources in a research note on Wednesday, August 31st. Zacks Investment Research downgraded Comstock Resources from a buy rating to a hold rating in a research note on Tuesday, June 7th. One equities research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. Comstock Resources has an average rating of Hold and a consensus price target of $9.17.
Shares of Comstock Resources (NYSE:CRK) opened at 7.16 on Thursday. The stock’s 50 day moving average price is $5.90 and its 200-day moving average price is $4.51. The company’s market capitalization is $89.53 million. Comstock Resources has a 52-week low of $2.64 and a 52-week high of $16.90.
Comstock Resources (NYSE:CRK) last issued its quarterly earnings data on Monday, August 1st. The company reported ($4.05) EPS for the quarter, missing the consensus estimate of ($0.66) by $3.39. The company earned $40.72 million during the quarter, compared to analysts’ expectations of $39.16 million. Comstock Resources had a negative return on equity of 202.37% and a negative net margin of 475.42%. The business’s revenue for the quarter was down 47.3% compared to the same quarter last year. During the same period last year, the company earned ($1.11) earnings per share. On average, equities analysts expect that Comstock Resources will post ($12.71) earnings per share for the current year.
A number of large investors have recently bought and sold shares of CRK. Renaissance Technologies LLC acquired a new stake in Comstock Resources during the first quarter valued at about $121,000. Cubist Systematic Strategies LLC raised its stake in Comstock Resources by 16.1% in the second quarter. Cubist Systematic Strategies LLC now owns 158,435 shares of the company’s stock valued at $133,000 after buying an additional 21,992 shares in the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in Comstock Resources during the second quarter valued at about $229,000. Mariner Investment Group LLC acquired a new stake in Comstock Resources during the second quarter valued at about $237,000. Finally, Spark Investment Management LLC acquired a new stake in Comstock Resources during the second quarter valued at about $313,000.
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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