Comstock Resources (NYSE:CRK – Free Report) had its target price decreased by Truist Financial from $10.00 to $9.00 in a report released on Tuesday morning, Benzinga reports. Truist Financial currently has a hold rating on the oil and gas producer’s stock.
Other equities analysts have also recently issued research reports about the stock. Piper Sandler decreased 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 report on Wednesday, January 24th. Johnson Rice cut shares of Comstock Resources from an accumulate rating to a hold rating in a research report on Thursday, December 14th. Stifel Nicolaus decreased their price objective on shares of Comstock Resources from $15.00 to $13.00 and set a buy rating on the stock in a research report on Tuesday, January 23rd. Siebert Williams Shank assumed coverage on shares of Comstock Resources in a research report on Tuesday, December 19th. They issued a hold rating and a $10.00 price objective on the stock. Finally, Pickering Energy Partners upgraded shares of Comstock Resources from an underperform rating to a neutral rating in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Comstock Resources currently has an average rating of Hold and a consensus price target of $11.29.
View Our Latest Analysis on CRK
Comstock Resources Price Performance
Shares of NYSE:CRK opened at $7.35 on Tuesday. The stock has a market cap of $2.05 billion, a PE ratio of 3.28 and a beta of 0.70. The company’s fifty day moving average is $8.46 and its 200 day moving average is $10.52. Comstock Resources has a 52 week low of $7.26 and a 52 week high of $13.48. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.10.
Institutional Investors Weigh In On Comstock Resources
A number of large investors have recently modified their holdings of CRK. Northern Trust Corp boosted its stake in Comstock Resources by 3.3% during the fourth quarter. Northern Trust Corp now owns 1,078,194 shares of the oil and gas producer’s stock worth $9,542,000 after acquiring an additional 34,676 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Comstock Resources by 220.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 40,006 shares of the oil and gas producer’s stock valued at $354,000 after purchasing an additional 27,527 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Comstock Resources by 31.0% during the fourth quarter. First Trust Advisors LP now owns 1,264,419 shares of the oil and gas producer’s stock valued at $11,190,000 after purchasing an additional 299,496 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Comstock Resources by 17.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,466,851 shares of the oil and gas producer’s stock valued at $12,982,000 after purchasing an additional 222,803 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in shares of Comstock Resources by 57.4% during the fourth quarter. Rafferty Asset Management LLC now owns 619,684 shares of the oil and gas producer’s stock valued at $5,484,000 after purchasing an additional 226,021 shares during the last quarter. 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.
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Source: defenseworld.net
