Comstock Resources (NYSE:CRK) Coverage Initiated by Analysts at UBS Group

UBS Group started coverage on shares of Comstock Resources (NYSE:CRK - Free Report) in a report issued on Tuesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $19.00 target price on the oil and gas producer's stock.

Several other equities research analysts have also recently weighed in on CRK. Truist Financial upped their price target on shares of Comstock Resources from $11.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Williams Trading set a $13.00 target price on Comstock Resources in a report on Wednesday, March 5th. StockNews.com upgraded Comstock Resources to a "sell" rating in a report on Saturday, April 19th. Morgan Stanley restated a "cautious" rating and set a $22.00 price objective (up from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. Finally, Piper Sandler lifted their target price on Comstock Resources from $5.00 to $6.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Comstock Resources presently has an average rating of "Hold" and a consensus target price of $14.23.

Comstock Resources Stock Up 0.1 %

NYSE CRK traded up $0.02 on Tuesday, reaching $18.38. 1,663,603 shares of the stock traded hands, compared to its average volume of 2,665,266. Comstock Resources has a 12 month low of $7.74 and a 12 month high of $22.06. The company has a market cap of $5.38 billion, a price-to-earnings ratio of -24.18, a PEG ratio of 1.65 and a beta of 0.42. The company has a fifty day moving average price of $18.99 and a 200-day moving average price of $17.09. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.60 and a current ratio of 0.46.

Comstock Resources (NYSE:CRK - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.14. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. The firm had revenue of $366.51 million during the quarter, compared to the consensus estimate of $370.62 million. As a group, research analysts forecast that Comstock Resources will post 0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Comstock Resources

A number of large investors have recently bought and sold shares of CRK. Dimensional Fund Advisors LP increased its stake in shares of Comstock Resources by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,297,863 shares of the oil and gas producer's stock worth $242,301,000 after acquiring an additional 227,638 shares during the period. Vanguard Group Inc. boosted its holdings in Comstock Resources by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 9,222,982 shares of the oil and gas producer's stock valued at $168,043,000 after purchasing an additional 126,380 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Comstock Resources by 6.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,505,808 shares of the oil and gas producer's stock valued at $27,436,000 after buying an additional 91,988 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Comstock Resources by 13.0% in the 4th quarter. Royce & Associates LP now owns 779,410 shares of the oil and gas producer's stock valued at $14,201,000 after buying an additional 89,630 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Comstock Resources in the fourth quarter worth about $11,891,000. Hedge funds and other 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.