Comstock Resources PT Raised to $28.00 (CMRE)
Research analysts at Canaccord Genuity boosted their target price on shares of Comstock Resources (NASDAQ: CMRE) from $25.00 to $28.00 in a report released on Monday. The firm currently has a “buy” rating on the stock.
Shares of Comstock Resources (NASDAQ: CMRE) traded down 0.69% during mid-day trading on Monday, hitting $15.89. Comstock Resources has a one year low of $12.08 and a one year high of $16.71. The stock’s 50-day moving average is currently $15.46. The company has a market cap of $1.189 billion and a P/E ratio of 13.33.
Comstock Resources (NASDAQ: CMRE) last released its earnings data 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 $1.43 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus cut their price target on shares of Comstock Resources from $20.00 to $19.00 in a research note to investors on Tuesday, March 12th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase initiated coverage on shares of Comstock Resources in a research note to investors on Tuesday, March 5th. They set an “overweight” rating and a $16.50 price target on the stock. Finally, 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.
Five investment analysts have rated the stock with a buy rating, and three have issued a hold rating to the company’s stock. Comstock Resources currently has a consensus rating of “overweight” and a consensus target price of $17.64.
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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