Comstock Resources, Inc. (NYSE:CRK) Given Average Recommendation of “Hold” by Brokerages (2024)

Comstock Resources, Inc. (NYSE:CRK – Get Free Report) has earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.25.

Several brokerages have issued reports on CRK. Capital One Financial lowered Comstock Resources from an “overweight” rating to an “equal weight” rating in a report on Wednesday, May 15th. The Goldman Sachs Group raised their target price on Comstock Resources from $9.00 to $10.00 and gave the company a “sell” rating in a report on Tuesday, May 28th. Mizuho raised their target price on Comstock Resources from $10.00 to $11.00 and gave the company an “underperform” rating in a report on Monday, May 13th. StockNews.com upgraded Comstock Resources to a “sell” rating in a report on Monday, April 29th. Finally, Stifel Nicolaus dropped their target price on Comstock Resources from $14.00 to $13.50 and set a “buy” rating on the stock in a report on Tuesday, April 23rd.

Read Our Latest Report on CRK

Institutional Trading of Comstock Resources

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its position in Comstock Resources by 428.9% in the first quarter. GAMMA Investing LLC now owns 4,771 shares of the oil and gas producer’s stock worth $44,000 after buying an additional 3,869 shares during the last quarter. Hexagon Capital Partners LLC increased its position in Comstock Resources by 2,161.0% in the first quarter. Hexagon Capital Partners LLC now owns 4,929 shares of the oil and gas producer’s stock worth $46,000 after buying an additional 4,711 shares during the last quarter. Federated Hermes Inc. increased its position in Comstock Resources by 80.0% in the third quarter. Federated Hermes Inc. now owns 5,500 shares of the oil and gas producer’s stock worth $61,000 after buying an additional 2,445 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Comstock Resources by 144.7% in the third quarter. PNC Financial Services Group Inc. now owns 6,645 shares of the oil and gas producer’s stock worth $73,000 after buying an additional 3,929 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in Comstock Resources in the third quarter worth $80,000. 36.13% of the stock is owned by hedge funds and other institutional investors.

Comstock Resources Trading Up 0.4 %

Shares of CRK stock opened at $10.79 on Monday. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 49.05 and a beta of 0.60. The stock has a 50-day moving average of $10.68 and a 200-day moving average of $9.26. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.09. Comstock Resources has a 1-year low of $7.07 and a 1-year high of $13.39.

Comstock Resources (NYSE:CRK – Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.05. Comstock Resources had a return on equity of 1.25% and a net margin of 4.27%. The company had revenue of $335.77 million during the quarter, compared to analysts’ expectations of $343.97 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business’s quarterly revenue was down 31.4% on a year-over-year basis. On average, equities research analysts forecast that Comstock Resources will post -0.09 earnings per share for the current year.

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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