Comstock Resources (NYSE:CRK) Price Target Increased to $9.00 by Analysts at Truist Financial

Comstock Resources (NYSE:CRK) had its price objective lifted by Truist Financial from $8.00 to $9.00 in a research note published on Monday morning, Benzinga reports. The firm currently has a hold rating on the oil and gas producer’s stock.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group increased their price target on Comstock Resources from $9.00 to $10.00 and gave the stock a sell rating in a report on Tuesday, May 28th. StockNews.com upgraded Comstock Resources to a sell rating in a report on Monday, April 29th. Stifel Nicolaus dropped their price objective on Comstock Resources from $14.00 to $13.50 and set a buy rating on the stock in a research note on Tuesday, April 23rd. Mizuho increased their price objective on Comstock Resources from $10.00 to $11.00 and gave the stock an underperform rating in a research note on Monday, May 13th. Finally, Wolfe Research started coverage on Comstock Resources in a research note on Thursday, July 18th. They issued a peer perform rating on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $10.25.

Comstock Resources Trading Down 0.2 %

Shares of CRK stock opened at $10.05 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.64 and a quick ratio of 0.64. The stock’s 50 day simple moving average is $10.94 and its two-hundred day simple moving average is $9.53. Comstock Resources has a 1 year low of $7.07 and a 1 year high of $13.39. The company has a market cap of $2.94 billion, a PE ratio of 45.59 and a beta of 0.51.

Comstock Resources (NYSE:CRK) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.05. Comstock Resources had a return on equity of 1.25% and a net margin of 4.27%. The firm had revenue of $335.77 million for the quarter, compared to the consensus estimate of $343.97 million. During the same period in the prior year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was down 31.4% on a year-over-year basis. Research analysts predict that Comstock Resources will post -0.13 earnings per share for the current year.

Institutional Trading of Comstock Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC boosted its position in Comstock Resources by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 18,536 shares of the oil and gas producer’s stock valued at $172,000 after acquiring an additional 1,276 shares in the last quarter. GAMMA Investing LLC boosted its position in Comstock Resources by 27.5% during the 2nd quarter. GAMMA Investing LLC now owns 6,083 shares of the oil and gas producer’s stock valued at $63,000 after acquiring an additional 1,312 shares in the last quarter. Simplicity Wealth LLC boosted its position in Comstock Resources by 5.7% during the 2nd quarter. Simplicity Wealth LLC now owns 28,544 shares of the oil and gas producer’s stock valued at $296,000 after acquiring an additional 1,552 shares in the last quarter. Outfitter Financial LLC boosted its position in Comstock Resources by 5.0% during the 4th quarter. Outfitter Financial LLC now owns 34,300 shares of the oil and gas producer’s stock valued at $304,000 after acquiring an additional 1,630 shares in the last quarter. Finally, Keynote Financial Services LLC boosted its position in Comstock Resources by 2.0% during the 2nd quarter. Keynote Financial Services LLC now owns 102,193 shares of the oil and gas producer’s stock valued at $1,061,000 after acquiring an additional 1,975 shares in the last quarter. Institutional investors own 36.13% of the company’s stock.

Comstock Resources Company Profile

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.