Comstock Resources, Inc. (NYSE:CRK) Receives $13.73 Consensus PT from Analysts

Shares of Comstock Resources, Inc. (NYSE:CRK) have earned an average rating of “Reduce” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $14.17.

A number of research firms have weighed in on CRK. Williams Trading set a $13.00 price objective on Comstock Resources in a research note on Wednesday, March 5th. Truist Financial boosted their price target on shares of Comstock Resources from $11.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Piper Sandler raised their price objective on shares of Comstock Resources from $5.00 to $6.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Morgan Stanley reiterated a “cautious” rating and issued a $22.00 target price (up from $21.00) on shares of Comstock Resources in a report on Wednesday, March 26th. Finally, UBS Group started coverage on shares of Comstock Resources in a report on Tuesday. They set a “neutral” rating and a $19.00 price target for the company.

Institutional Investors Weigh In On Comstock Resources

Large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of Comstock Resources by 11.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,599 shares of the oil and gas producer’s stock valued at $236,000 after purchasing an additional 1,145 shares during the last quarter. GAMMA Investing LLC increased its holdings in Comstock Resources by 17.6% in the first quarter. GAMMA Investing LLC now owns 6,803 shares of the oil and gas producer’s stock valued at $138,000 after buying an additional 1,017 shares during the last quarter. Pullen Investment Management LLC raised its stake in Comstock Resources by 47.0% in the fourth quarter. Pullen Investment Management LLC now owns 88,296 shares of the oil and gas producer’s stock valued at $1,609,000 after buying an additional 28,251 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in Comstock Resources in the fourth quarter valued at $501,000. Finally, PharVision Advisers LLC acquired a new position in shares of Comstock Resources during the 4th quarter worth about $295,000. Hedge funds and other institutional investors own 36.13% of the company’s stock.

Comstock Resources Stock Performance

CRK opened at $18.24 on Friday. Comstock Resources has a twelve month low of $7.74 and a twelve month high of $22.06. The firm has a market capitalization of $5.34 billion, a PE ratio of -24.00, a PEG ratio of 1.65 and a beta of 0.42. The company has a current ratio of 0.46, a quick ratio of 0.60 and a debt-to-equity ratio of 1.27. The firm’s 50-day moving average price is $19.01 and its 200 day moving average price is $16.96.

Comstock Resources (NYSE:CRK) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.14. The business had revenue of $366.51 million for the quarter, compared to analysts’ expectations of $370.62 million. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. As a group, sell-side analysts expect that Comstock Resources will post 0.54 EPS for the current fiscal year.

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.