Capital One Financial upgraded shares of Comstock Resources (NYSE:CRK) from an underweight rating to an equal weight rating in a research report released on Tuesday, May 22nd, MarketBeat reports. Capital One Financial also issued estimates for Comstock Resources’ Q2 2018 earnings at ($0.87) EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at ($0.51) EPS and FY2019 earnings at $1.54 EPS.
Several other brokerages also recently commented on CRK. ValuEngine upgraded shares of Comstock Resources from a strong sell rating to a sell rating in a report on Thursday, May 17th. Zacks Investment Research raised shares of Comstock Resources from a hold rating to a buy rating and set a $6.50 target price for the company in a research report on Thursday, April 5th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $9.95.
NYSE:CRK traded down $0.27 during mid-day trading on Tuesday, hitting $10.41. 281,800 shares of the stock were exchanged, compared to its average volume of 730,237. The stock has a market cap of $172.72 million, a P/E ratio of -2.67 and a beta of 0.10. Comstock Resources has a fifty-two week low of $4.01 and a fifty-two week high of $11.70. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of -2.76.
Comstock Resources (NYSE:CRK) last issued its quarterly earnings data on Thursday, May 10th. The oil and gas producer reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.45. The company had revenue of $72.59 million for the quarter, compared to the consensus estimate of $76.10 million. sell-side analysts forecast that Comstock Resources will post 0.4 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in CRK. Quantbot Technologies LP purchased a new position in shares of Comstock Resources during the 1st quarter worth about $104,000. PEAK6 Investments L.P. purchased a new position in Comstock Resources during the 4th quarter valued at about $104,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Comstock Resources during the 4th quarter valued at about $228,000. A.R.T. Advisors LLC acquired a new stake in shares of Comstock Resources during the 1st quarter valued at about $230,000. Finally, Trexquant Investment LP acquired a new stake in shares of Comstock Resources during the 1st quarter valued at about $235,000. 44.47% of the stock is currently owned by institutional investors.
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.
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