A number of other analysts have also commented on CRK. Zacks Investment Research lowered Comstock Resources from a hold rating to a sell rating in a research note on Thursday, July 27th. Capital One Financial Corporation reaffirmed an underweight rating on shares of Comstock Resources in a research note on Monday, August 7th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $12.21.
Comstock Resources (CRK) opened at 6.21 on Monday. Comstock Resources has a 12-month low of $5.25 and a 12-month high of $13.42. The firm’s 50-day moving average is $6.79 and its 200 day moving average is $8.31. The company’s market cap is $96.12 million.
Comstock Resources (NYSE:CRK) last announced its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) EPS for the quarter, topping analysts’ consensus estimates of ($1.67) by $0.60. The business had revenue of $61.47 million during the quarter, compared to analysts’ expectations of $63.93 million. During the same period in the previous year, the business earned $0.41 EPS. On average, equities analysts expect that Comstock Resources will post ($5.18) earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the company. Segantii Capital Management Ltd purchased a new position in Comstock Resources during the first quarter worth about $148,000. SG Americas Securities LLC bought a new position in shares of Comstock Resources during the first quarter valued at $176,000. Northern Trust Corp increased its position in shares of Comstock Resources by 3.4% in the second quarter. Northern Trust Corp now owns 31,745 shares of the oil and gas producer’s stock valued at $225,000 after buying an additional 1,055 shares during the last quarter. First Dallas Securities Inc. increased its position in shares of Comstock Resources by 13.3% in the first quarter. First Dallas Securities Inc. now owns 32,367 shares of the oil and gas producer’s stock valued at $299,000 after buying an additional 3,787 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Comstock Resources by 7.5% in the second quarter. Russell Investments Group Ltd. now owns 48,105 shares of the oil and gas producer’s stock valued at $340,000 after buying an additional 3,345 shares during the last quarter. Institutional investors and hedge funds own 49.42% of the company’s stock.
About Comstock Resources
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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