Comstock Resources, Inc. (NYSE:CRK) Stock Has Consensus Target Price of $15.75 According to Analysts

by · The Cerbat Gem

Shares of Comstock Resources, Inc. (NYSE:CRK – Get Free Report) have been assigned an average rating of “Reduce” from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $15.75.

CRK has been the topic of a number of recent analyst reports. Cantor Fitzgerald restated a “neutral” rating on shares of Comstock Resources in a report on Wednesday, September 2nd. UBS Group set a $14.00 price target on Comstock Resources and gave the company a “sell” rating in a research note on Wednesday, September 9th. Citigroup dropped their price objective on shares of Comstock Resources from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. The Goldman Sachs Group upped their target price on Comstock Resources from $9.00 to $15.00 and gave the stock a “sell” rating in a research note on Wednesday, September 2nd. Finally, Wall Street Zen downgraded shares of Comstock Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 29th.

Get Our Latest Report on Comstock Resources

Comstock Resources Stock Down 1.7%

NYSE:CRK opened at $12.47 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.48 and a quick ratio of 0.48. The company has a 50-day moving average of $13.87 and a 200 day moving average of $15.20. Comstock Resources has a 1-year low of $12.12 and a 1-year high of $28.10. The firm has a market cap of $3.66 billion, a PE ratio of 7.01 and a beta of 0.14.

Comstock Resources (NYSE:CRK – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $353.28 million during the quarter, compared to the consensus estimate of $419.22 million. Comstock Resources had a net margin of 23.31% and a return on equity of 4.12%. Comstock Resources’s revenue for the quarter was down 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 earnings per share. As a group, research analysts anticipate that Comstock Resources will post 0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Comstock Resources

A number of institutional investors have recently modified their holdings of the business. Rothschild Investment LLC raised its holdings in Comstock Resources by 740.4% in the 4th quarter. Rothschild Investment LLC now owns 1,143 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 1,007 shares during the period. Hantz Financial Services Inc. boosted its position in Comstock Resources by 877.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,437 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 1,290 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Comstock Resources in the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in Comstock Resources in the fourth quarter valued at approximately $36,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Comstock Resources in the second quarter valued at approximately $26,000. 36.13% of the stock is currently owned by institutional investors and hedge funds.

Comstock Resources Company Profile

(Get Free Report)

Comstock Resources, Inc is an independent exploration and production company focused on finding, developing, acquiring and producing oil and natural gas in the United States. Its operations are primarily centered on natural gas and natural gas liquids, with production sold to commercial customers, utilities, marketers and other participants in energy markets.

The company’s principal assets are located in the Haynesville and Bossier shale plays in North Louisiana and East Texas, one of the largest natural gas-producing regions in the United States.

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