Comstock Resources (CRK) Upgraded at ValuEngine

ValuEngine upgraded shares of Comstock Resources (NYSE:CRK) from a strong sell rating to a sell rating in a research report released on Thursday morning.

Separately, Zacks Investment Research downgraded Comstock Resources from a buy rating to a hold rating in a research note on Thursday, March 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $9.13.

Shares of Comstock Resources opened at $10.61 on Thursday, MarketBeat Ratings reports. The firm has a market capitalization of $164.80 million, a price-to-earnings ratio of -2.72 and a beta of -0.08. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of -2.76. Comstock Resources has a 1 year low of $4.01 and a 1 year high of $10.73.

Comstock Resources (NYSE:CRK) last announced its quarterly earnings data on Thursday, May 10th. The oil and gas producer reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.45. The business had revenue of $72.59 million during the quarter, compared to the consensus estimate of $76.10 million. equities analysts forecast that Comstock Resources will post -0.36 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. PEAK6 Investments L.P. bought a new position in shares of Comstock Resources during the 4th quarter worth $104,000. Guggenheim Capital LLC bought a new position in shares of Comstock Resources during the 4th quarter worth $2,223,000. Virtu Financial LLC grew its stake in shares of Comstock Resources by 362.4% during the 4th quarter. Virtu Financial LLC now owns 58,828 shares of the oil and gas producer’s stock worth $498,000 after acquiring an additional 46,107 shares during the period. Citadel Advisors LLC grew its stake in shares of Comstock Resources by 339.3% during the 4th quarter. Citadel Advisors LLC now owns 44,516 shares of the oil and gas producer’s stock worth $377,000 after acquiring an additional 34,383 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its stake in shares of Comstock Resources by 48.5% during the 1st quarter. Prime Capital Investment Advisors LLC now owns 53,960 shares of the oil and gas producer’s stock worth $394,000 after acquiring an additional 17,620 shares during the period. Institutional investors own 45.17% of the company’s stock.

About Comstock Resources

Comstock Resources, Inc, an independent energy company, acquires, develops, explores, and produces oil and natural gas properties in the United States. Its oil and gas operations are primarily located in East Texas/North Louisiana and South Texas; and New Mexico and the Mid-Continent region. The company owns interests in 1,309 producing oil and natural gas wells.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Comstock Resources (NYSE:CRK)

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