Comstock Resources Inc (NYSE:CRK) has earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $9.13.
Separately, Zacks Investment Research raised Comstock Resources from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a report on Thursday.
Large investors have recently made changes to their positions in the business. Macquarie Group Ltd. acquired a new position in Comstock Resources in the third quarter valued at approximately $430,000. Virtu Financial LLC lifted its holdings in Comstock Resources by 362.4% in the fourth quarter. Virtu Financial LLC now owns 58,828 shares of the oil and gas producer’s stock valued at $498,000 after acquiring an additional 46,107 shares during the period. PEAK6 Investments L.P. acquired a new position in Comstock Resources in the fourth quarter valued at approximately $104,000. Fuller & Thaler Asset Management Inc. acquired a new position in Comstock Resources in the fourth quarter valued at approximately $228,000. Finally, Citadel Advisors LLC lifted its holdings in Comstock Resources by 339.3% in the fourth quarter. Citadel Advisors LLC now owns 44,516 shares of the oil and gas producer’s stock valued at $377,000 after acquiring an additional 34,383 shares during the period. 44.19% of the stock is owned by institutional investors.
Comstock Resources stock opened at $5.49 on Monday. The company has a debt-to-equity ratio of -3.01, a current ratio of 1.80 and a quick ratio of 1.80. Comstock Resources has a 52 week low of $4.01 and a 52 week high of $10.72. The stock has a market cap of $88.76, a P/E ratio of -1.41 and a beta of -0.09.
Comstock Resources (NYSE:CRK) last released its earnings results on Monday, February 26th. The oil and gas producer reported ($0.31) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.94) by $0.63. The firm had revenue of $73.25 million for the quarter, compared to analyst estimates of $71.92 million. During the same period last year, the firm earned ($2.58) EPS. equities analysts anticipate that Comstock Resources will post 0.28 EPS for the current fiscal year.
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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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