2 days Ago By ABMN Staff
Comstock Resources, Inc. ( NYSE:CRK – Get Free Report )’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $18.
92, but opened at $18.34. Comstock Resources shares last traded at $18.
24, with a volume of 433,320 shares. Analyst Ratings Changes CRK has been the subject of several recent analyst reports. Mizuho raised shares of Comstock Resources from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $10.
00 to $18.00 in a report on Monday, December 16th. Bank of America initiated coverage on Comstock Resources in a research report on Monday, October 28th.
They issued a “buy” rating and a $14.00 price target on the stock. Citigroup boosted their price objective on Comstock Resources from $12.
50 to $15.50 and gave the stock a “neutral” rating in a research report on Friday, December 6th. BMO Capital Markets raised their target price on Comstock Resources from $10.
00 to $11.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Finally, Truist Financial upped their price target on Comstock Resources from $9.
00 to $10.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company.
Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.78. View Our Latest Stock Report on Comstock Resources Comstock Resources Price Performance Comstock Resources ( NYSE:CRK – Get Free Report ) last issued its earnings results on Wednesday, October 30th.
The oil and gas producer reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.
01). Comstock Resources had a negative net margin of 4.93% and a negative return on equity of 3.
88%. The business had revenue of $304.50 million for the quarter, compared to analyst estimates of $308.
75 million. During the same quarter last year, the firm posted $0.04 earnings per share.
Comstock Resources’s revenue was down 19.2% on a year-over-year basis. On average, analysts forecast that Comstock Resources, Inc.
will post -0.44 earnings per share for the current fiscal year. Insider Transactions at Comstock Resources In other news, Director Elizabeth B.
Davis sold 10,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $15.62, for a total value of $156,200.
00. Following the sale, the director now owns 143,781 shares in the company, valued at approximately $2,245,859.22.
The trade was a 6.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
In the last ninety days, insiders sold 30,000 shares of company stock valued at $489,300. Corporate insiders own 2.00% of the company’s stock.
Hedge Funds Weigh In On Comstock Resources A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in shares of Comstock Resources in the third quarter valued at approximately $25,000.
Sunbelt Securities Inc. increased its holdings in Comstock Resources by 140.0% during the 3rd quarter.
Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock valued at $27,000 after purchasing an additional 1,400 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Comstock Resources by 2,533.
8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,582 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 3,446 shares during the last quarter. Blue Trust Inc.
boosted its stake in Comstock Resources by 116.3% in the third quarter. Blue Trust Inc.
now owns 6,715 shares of the oil and gas producer’s stock worth $70,000 after purchasing an additional 3,611 shares in the last quarter. Finally, Choreo LLC bought a new stake in shares of Comstock Resources during the second quarter worth $105,000. 36.
13% of the stock is currently owned by institutional investors and hedge funds. 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. Further Reading Receive News & Ratings for Comstock Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comstock Resources and related companies with MarketBeat.com's FREE daily email newsletter .
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