Comstock Resources Coverage Initiated by Analysts at JPMorgan Chase. (CMRE)
Equities researchers at JPMorgan Chase began coverage on shares of Comstock Resources (NASDAQ: CMRE) in a report issued on Tuesday. The firm set an “overweight” rating and a $16.50 price target on the stock.
Comstock Resources opened at 15.31 on Tuesday. Comstock Resources has a 1-year low of $12.08 and a 1-year high of $16.13. The stock’s 50-day moving average is currently $15.15. The company has a market cap of $1.128 billion and a price-to-earnings ratio of 12.76.
Comstock Resources last announced its earnings results on Wednesday, January 23rd. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.03. The company had revenue of $95.20 million for the quarter, compared to the consensus estimate of $99.62 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. Analysts expect that Comstock Resources will post $1.41 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CMRE. Analysts at Barclays Capital cut their price target on shares of Comstock Resources from $20.00 to $16.00 in a research note to investors on Friday, February 15th. Separately, analysts at RBC Capital cut their price target on shares of Comstock Resources from $18.00 to $17.00 in a research note to investors on Wednesday, February 13th. They now have a “sector perform” rating on the stock. Finally, analysts at Global Hunter Securities cut their price target on shares of Comstock Resources from $19.00 to $17.00 in a research note to investors on Wednesday, February 13th.
Costamare Inc. (Costamare) is an owner and provider of containerships for charter. The Company has a fleet of 56 containerships, with a total capacity of approximately 324,000 twenty-foot equivalent units, including 10 new build containerships on order aggregating approximately 89,000 twenty-foot equivalent units.
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