An issue of Comstock Resources Inc (NYSE:CRK) debt rose 1.3% against its face value during trading on Monday. The high-yield issue of debt has a 9.75% coupon and will mature on August 15, 2026. The bonds in the issue are now trading at $100.00 and were trading at $97.75 one week ago. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.

Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Comstock Resources from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Tuesday, June 12th. ValuEngine upgraded shares of Comstock Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Finally, LADENBURG THALM/SH SH upgraded shares of Comstock Resources from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Thursday, August 9th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $10.16.

NYSE:CRK opened at $9.05 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of -2.61. Comstock Resources Inc has a 52 week low of $4.01 and a 52 week high of $12.32.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported ($0.78) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.78). The firm had revenue of $61.45 million during the quarter, compared to the consensus estimate of $62.35 million. equities research analysts anticipate that Comstock Resources Inc will post 0.05 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Zacks Investment Management bought a new stake in shares of Comstock Resources in the 2nd quarter valued at $144,000. Quantbot Technologies LP bought a new stake in shares of Comstock Resources in the 1st quarter valued at $104,000. Engineers Gate Manager LP bought a new stake in shares of Comstock Resources in the 2nd quarter valued at $168,000. GSA Capital Partners LLP bought a new stake in shares of Comstock Resources in the 2nd quarter valued at $184,000. Finally, A.R.T. Advisors LLC bought a new stake in shares of Comstock Resources in the 1st quarter valued at $230,000. 38.28% of the stock is currently owned by institutional investors.

Comstock Resources Company Profile (NYSE:CRK)

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, and development of oil and gas resources primarily in Texas and Louisiana. The company is headquartered in Frisco, Texas.

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