Brokerages Set Comstock Resources, Inc. (CRK) Target Price at $11.40
Shares of Comstock Resources, Inc. (NYSE:CRK) have earned an average rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.40.
A number of equities research analysts have recently commented on the company. Stifel Nicolaus set a $12.00 price target on Comstock Resources and gave the stock a “buy” rating in a research report on Monday, August 14th. ValuEngine lowered Comstock Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Capital One Financial reaffirmed an “underweight” rating on shares of Comstock Resources in a research report on Monday, August 7th. KeyCorp reaffirmed a “hold” rating on shares of Comstock Resources in a research report on Friday, November 24th. Finally, Robert W. Baird set a $12.00 price target on Comstock Resources and gave the stock a “buy” rating in a research report on Friday, November 17th.
Comstock Resources (CRK) traded up $0.05 during midday trading on Wednesday, hitting $6.14. The stock had a trading volume of 185,756 shares, compared to its average volume of 279,013. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of -3.32. Comstock Resources has a 52 week low of $4.01 and a 52 week high of $13.42.
Large investors have recently bought and sold shares of the stock. Northern Trust Corp grew its holdings in shares of Comstock Resources by 3.4% during 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. Bank of New York Mellon Corp grew its holdings in shares of Comstock Resources by 78.9% during the first quarter. Bank of New York Mellon Corp now owns 44,490 shares of the oil and gas producer’s stock worth $410,000 after buying an additional 19,627 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Comstock Resources by 7.5% during the second quarter. Russell Investments Group Ltd. now owns 48,105 shares of the oil and gas producer’s stock worth $340,000 after buying an additional 3,345 shares in the last quarter. ACR Alpine Capital Research LLC bought a new position in shares of Comstock Resources during the third quarter worth about $304,000. Finally, Macquarie Group Ltd. bought a new position in shares of Comstock Resources during the third quarter worth about $430,000. Institutional investors and hedge funds own 52.69% of the company’s stock.
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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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