Comstock Resources, Inc. (CRK) Price Target Lowered to $6.00 at Barclays PLC

Comstock Resources, Inc. (NYSE:CRK) had its price objective decreased by Barclays PLC from $7.00 to $6.00 in a research report released on Wednesday. Barclays PLC currently has an equal weight rating on the oil and gas producer’s stock.

CRK has been the subject of a number of other reports. ValuEngine downgraded shares of Comstock Resources from a hold rating to a sell rating in a report on Thursday, August 17th. Stifel Nicolaus set a $12.00 target price on shares of Comstock Resources and gave the stock a buy rating in a report on Monday, August 14th. Zacks Investment Research downgraded shares of Comstock Resources from a hold rating to a sell rating in a report on Thursday, July 27th. Finally, Capital One Financial Corporation restated an underweight rating on shares of Comstock Resources in a report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $12.40.

Comstock Resources (NYSE CRK) traded up 5.56% during mid-day trading on Wednesday, reaching $4.75. 496,379 shares of the company’s stock were exchanged. The company’s 50-day moving average is $5.94 and its 200 day moving average is $7.16. The firm’s market capitalization is $73.52 million. Comstock Resources has a one year low of $4.23 and a one year high of $13.42.

Comstock Resources (NYSE:CRK) last announced its earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.67) by $0.60. The firm had revenue of $61.47 million during the quarter, compared to the consensus estimate of $63.93 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Equities analysts predict that Comstock Resources will post ($4.88) earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Comstock Resources by 40.4% during the second quarter. Vanguard Group Inc. now owns 628,355 shares of the oil and gas producer’s stock valued at $4,443,000 after acquiring an additional 180,935 shares in the last quarter. Northern Trust Corp increased 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 valued at $225,000 after acquiring an additional 1,055 shares in the last quarter. First Washington CORP acquired a new position in shares of Comstock Resources during the second quarter valued at about $795,000. Bank of New York Mellon Corp increased its holdings in shares of Comstock Resources by 23.6% during the second quarter. Bank of New York Mellon Corp now owns 54,970 shares of the oil and gas producer’s stock valued at $389,000 after acquiring an additional 10,480 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its holdings in shares of Comstock Resources by 5.9% during the second quarter. Hodges Capital Management Inc. now owns 1,583,867 shares of the oil and gas producer’s stock valued at $11,198,000 after acquiring an additional 87,805 shares in the last quarter. Hedge funds and other institutional investors own 53.59% 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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