Comstock Resources Inc. (CRK) Price Target Raised to $10.00
Comstock Resources Inc. (NYSE:CRK) had its price target upped by Robert W. Baird from $6.00 to $10.00 in a research report released on Thursday. Robert W. Baird currently has a neutral rating on the stock.
A number of other brokerages have also weighed in on CRK. Zacks Investment Research lowered shares of Comstock Resources from a buy rating to a hold rating in a research note on Monday, August 8th. Stifel Nicolaus reiterated a hold rating on shares of Comstock Resources in a research note on Wednesday, August 31st. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $9.17.
Shares of Comstock Resources (NYSE:CRK) opened at 7.16 on Thursday. The company’s market cap is $89.53 million. Comstock Resources has a 1-year low of $2.64 and a 1-year high of $16.90. The company’s 50-day moving average price is $5.90 and its 200 day moving average price is $4.51.
Comstock Resources (NYSE:CRK) last released its quarterly earnings data on Monday, August 1st. The company reported ($4.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by $3.39. The business earned $40.72 million during the quarter, compared to the consensus estimate of $39.16 million. Comstock Resources had a negative net margin of 475.42% and a negative return on equity of 202.37%. The business’s revenue was down 47.3% compared to the same quarter last year. During the same period last year, the company posted ($1.11) earnings per share. On average, analysts predict that Comstock Resources will post ($12.71) earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of CRK. Schwab Charles Investment Management Inc. bought a new stake in Comstock Resources during the second quarter valued at approximately $229,000. 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 during the period. Bridgeway Capital Management Inc. raised its stake in Comstock Resources by 19.6% in the second quarter. Bridgeway Capital Management Inc. now owns 842,200 shares of the company’s stock valued at $708,000 after buying an additional 137,825 shares during the period. Spark Investment Management LLC bought a new stake in Comstock Resources during the second quarter valued at approximately $313,000. Finally, Vanguard Group Inc. raised its stake in Comstock Resources by 8.3% in the second quarter. Vanguard Group Inc. now owns 1,493,844 shares of the company’s stock valued at $1,255,000 after buying an additional 114,614 shares during the period.
Comstock Resources Company Profile
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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