Comstock Resources, Inc. (NYSE:CRK - Get Free Report)'s stock price traded down 15.8% during trading on Friday . The company traded as low as $17.67 and last traded at $17.29. 400,287 shares were traded during mid-day trading, a decline of 85% from the average session volume of 2,715,259 shares. The stock had previously closed at $20.54.
Analyst Ratings Changes
CRK has been the topic of a number of analyst reports. Mizuho upgraded shares of Comstock Resources from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $10.00 to $18.00 in a report on Monday, December 16th. Piper Sandler raised their price target on Comstock Resources from $5.00 to $6.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Truist Financial upped their price objective on Comstock Resources from $11.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. StockNews.com raised Comstock Resources to a "sell" rating in a research report on Friday, April 4th. Finally, Williams Trading set a $13.00 price target on Comstock Resources in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $13.73.
View Our Latest Report on Comstock Resources
Comstock Resources Stock Performance
The company has a market cap of $5.62 billion, a PE ratio of -25.25, a PEG ratio of 1.65 and a beta of 0.42. The stock has a 50 day simple moving average of $18.82 and a two-hundred day simple moving average of $16.40. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.46 and a quick ratio of 0.60.
Comstock Resources (NYSE:CRK - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 EPS for the quarter, beating the consensus estimate of $0.02 by $0.14. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. The firm had revenue of $366.51 million during the quarter, compared to the consensus estimate of $370.62 million. Equities analysts predict that Comstock Resources, Inc. will post 0.54 EPS for the current year.
Institutional Investors Weigh In On Comstock Resources
Several hedge funds have recently made changes to their positions in CRK. FMR LLC raised its stake in Comstock Resources by 266.2% during the 3rd quarter. FMR LLC now owns 25,415 shares of the oil and gas producer's stock valued at $283,000 after acquiring an additional 18,475 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Comstock Resources by 74.1% in the third quarter. XTX Topco Ltd now owns 50,127 shares of the oil and gas producer's stock valued at $558,000 after purchasing an additional 21,336 shares during the period. Barclays PLC raised its stake in shares of Comstock Resources by 256.3% during the third quarter. Barclays PLC now owns 155,614 shares of the oil and gas producer's stock worth $1,731,000 after purchasing an additional 111,934 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Comstock Resources by 140.0% during the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer's stock worth $27,000 after purchasing an additional 1,400 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in Comstock Resources in the 3rd quarter valued at $169,000. Institutional investors and hedge funds own 36.13% of the company's stock.
About Comstock Resources
(
Get Free Report)
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.
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