Comstock Resources (NYSE:CRK – Get Free Report) had its price target decreased by Truist Financial from $10.00 to $9.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the oil and gas producer’s stock. Truist Financial’s price objective points to a potential upside of 16.73% from the company’s previous close.
CRK has been the topic of several other reports. Stifel Nicolaus cut their price target on shares of Comstock Resources from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Mizuho cut shares of Comstock Resources from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 3rd. Pickering Energy Partners upgraded shares of Comstock Resources from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 9th. Piper Sandler dropped their target price on shares of Comstock Resources from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Finally, StockNews.com upgraded shares of Comstock Resources to a “sell” rating in a research note on Monday, November 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.29.
Read Our Latest Research Report on CRK
Comstock Resources Stock Up 4.8 %
Comstock Resources stock opened at $7.71 on Tuesday. Comstock Resources has a fifty-two week low of $7.30 and a fifty-two week high of $13.48. The stock has a market cap of $2.15 billion, a PE ratio of 3.44 and a beta of 0.70. The firm’s 50-day simple moving average is $8.50 and its 200 day simple moving average is $10.55. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.50 and a current ratio of 0.50.
Institutional Trading of Comstock Resources
Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its holdings in Comstock Resources by 214.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,716 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 1,851 shares during the period. Steward Financial Group LLC bought a new stake in Comstock Resources during the 2nd quarter worth approximately $42,000. Federated Hermes Inc. increased its holdings in Comstock Resources by 80.0% during the 3rd quarter. Federated Hermes Inc. now owns 5,500 shares of the oil and gas producer’s stock worth $61,000 after acquiring an additional 2,445 shares during the period. KBC Group NV bought a new stake in Comstock Resources during the 2nd quarter worth approximately $73,000. Finally, Neo Ivy Capital Management bought a new stake in Comstock Resources during the 3rd quarter worth approximately $80,000. Institutional investors own 32.58% of the company’s stock.
About Comstock Resources
Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States. The company was incorporated in 1919 and is based in Frisco, Texas.
Further Reading
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