Comstock Resources Inc (NYSE:CRK) Given Consensus Recommendation of “Hold” by Brokerages

Comstock Resources Inc (NYSE:CRK) has been given an average recommendation of “Hold” by the seven research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $7.83.

A number of research analysts have recently weighed in on the company. SunTrust Banks assumed coverage on Comstock Resources in a research note on Wednesday, December 18th. They issued a “buy” rating and a $9.00 price target on the stock. MKM Partners assumed coverage on Comstock Resources in a research note on Wednesday, December 18th. They issued a “hold” rating and a $8.00 price target on the stock. Seaport Global Securities downgraded Comstock Resources from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Finally, ValuEngine raised Comstock Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday.

NYSE:CRK traded down $0.12 during trading hours on Friday, hitting $7.18. 280,726 shares of the stock were exchanged, compared to its average volume of 455,793. The company’s 50 day moving average is $7.21 and its two-hundred day moving average is $6.86. Comstock Resources has a twelve month low of $4.17 and a twelve month high of $10.70. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $1.39 billion, a P/E ratio of 8.98 and a beta of 1.43.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Thursday, November 7th. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. Comstock Resources had a return on equity of 15.14% and a net margin of 14.55%. The firm had revenue of $224.44 million for the quarter, compared to the consensus estimate of $234.00 million. On average, equities research analysts expect that Comstock Resources will post 0.72 EPS for the current year.

Several hedge funds have recently bought and sold shares of CRK. Wells Fargo & Company MN lifted its stake in shares of Comstock Resources by 233.9% in the 2nd quarter. Wells Fargo & Company MN now owns 6,781 shares of the oil and gas producer’s stock valued at $38,000 after purchasing an additional 4,750 shares during the period. Jane Street Group LLC acquired a new stake in Comstock Resources during the 2nd quarter worth $71,000. Hilltop Holdings Inc. raised its stake in Comstock Resources by 30.0% during the 2nd quarter. Hilltop Holdings Inc. now owns 13,000 shares of the oil and gas producer’s stock worth $73,000 after buying an additional 3,000 shares during the period. Virtu Financial LLC acquired a new stake in Comstock Resources during the 3rd quarter worth $149,000. Finally, Rhumbline Advisers raised its stake in Comstock Resources by 41.7% during the 3rd quarter. Rhumbline Advisers now owns 20,059 shares of the oil and gas producer’s stock worth $156,000 after buying an additional 5,905 shares during the period. 3.25% of the stock is currently owned by institutional investors.

Comstock Resources Company Profile

Comstock Resources, Inc and its subsidiaries engage in the acquisition, exploration for, development, and production of oil and natural gas properties, primarily in Texas, Louisiana, and North Dakota. The company is headquartered in Frisco, Texas.

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Analyst Recommendations for Comstock Resources (NYSE:CRK)

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