Comstock Resources, Inc. (NYSE:CRK)’s share price hit a new 52-week low on Tuesday . The company traded as low as $4.70 and last traded at $4.72, with a volume of 165,789 shares trading hands. The stock had previously closed at $4.88.
A number of equities analysts have weighed in on the stock. Stifel Nicolaus set a $12.00 price target on shares of Comstock Resources and gave the company a “buy” rating in a report on Monday, August 14th. Barclays PLC decreased their price target on shares of Comstock Resources from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Wednesday. ValuEngine lowered shares of Comstock Resources from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Capital One Financial Corporation reiterated an “underweight” rating on shares of Comstock Resources in a report on Monday, August 7th. Finally, Zacks Investment Research lowered shares of Comstock Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.40.
The firm’s 50-day moving average is $5.94 and its 200-day moving average is $7.16. The firm’s market cap is $69.65 million.
Comstock Resources (NYSE:CRK) last posted its earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.67) by $0.60. The business had revenue of $61.47 million during the quarter, compared to the consensus estimate of $63.93 million. During the same period in the prior year, the firm earned $0.41 earnings per share. Equities research analysts forecast that Comstock Resources, Inc. will post ($4.87) earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. First Washington CORP bought a new stake in Comstock Resources in the second quarter worth approximately $795,000. Paloma Partners Management Co bought a new stake in Comstock Resources in the first quarter worth approximately $998,000. SG Americas Securities LLC bought a new stake in Comstock Resources in the first quarter worth approximately $176,000. Goldman Sachs Group Inc. bought a new stake in Comstock Resources in the first quarter worth approximately $1,536,000. Finally, Hodges Capital Management Inc. grew its position in Comstock Resources by 5.9% in the second quarter. Hodges Capital Management Inc. now owns 1,583,867 shares of the oil and gas producer’s stock worth $11,198,000 after acquiring an additional 87,805 shares in the last quarter. 53.59% of the stock is owned by institutional investors.
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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