Shares of Comstock Resources, Inc. (NYSE:CRK) have earned an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $9.13.

Separately, Zacks Investment Research downgraded Comstock Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 15th.

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Hedge funds have recently modified their holdings of the stock. PEAK6 Investments L.P. purchased a new stake in shares of Comstock Resources in the fourth quarter worth $104,000. Northern Trust Corp raised its position in shares of Comstock Resources by 3.4% in the second quarter. Northern Trust Corp now owns 31,745 shares of the oil and gas producer’s stock worth $225,000 after buying an additional 1,055 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Comstock Resources in the fourth quarter worth $228,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Comstock Resources in the fourth quarter worth $307,000. Finally, Russell Investments Group Ltd. raised its position in shares of Comstock Resources by 22.7% in the third quarter. Russell Investments Group Ltd. now owns 59,041 shares of the oil and gas producer’s stock worth $359,000 after buying an additional 10,936 shares in the last quarter. Institutional investors own 44.19% of the company’s stock.

Shares of Comstock Resources stock traded down $0.39 during trading hours on Monday, reaching $4.83. The company had a trading volume of 973,024 shares, compared to its average volume of 597,194. Comstock Resources has a one year low of $4.01 and a one year high of $10.72. The company has a debt-to-equity ratio of -3.01, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $84.39, a P/E ratio of -1.24 and a beta of -0.10.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings results on Monday, February 26th. The oil and gas producer reported ($0.31) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.94) by $0.63. The company had revenue of $73.25 million during the quarter, compared to the consensus estimate of $71.92 million. During the same period in the previous year, the business earned ($2.58) earnings per share. sell-side analysts expect that Comstock Resources will post -0.04 earnings per share for the current fiscal year.

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About Comstock Resources

Comstock Resources, Inc, an independent energy company, acquires, develops, explores, and produces oil and natural gas properties in the United States. Its oil and gas operations are primarily located in East Texas/North Louisiana and South Texas; and New Mexico and the Mid-Continent region. The company owns interests in 1,309 producing oil and natural gas wells.

Analyst Recommendations for Comstock Resources (NYSE:CRK)

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