Comstock Resources (NYSE:CRK) Stock Rating Upgraded by StockNews.com

Comstock Resources (NYSE:CRK) was upgraded by equities researchers at StockNews.com to a “sell” rating in a report issued on Thursday.

A number of other analysts have also commented on the company. Truist Financial lifted their price objective on Comstock Resources from $11.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Williams Trading set a $13.00 target price on Comstock Resources in a research report on Wednesday, March 5th. Piper Sandler boosted their target price on Comstock Resources from $5.00 to $6.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Morgan Stanley started coverage on Comstock Resources in a research report on Friday, January 10th. They set an “equal weight” rating and a $18.00 target price for the company. Finally, Citigroup boosted their target price on Comstock Resources from $12.50 to $15.50 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.36.

Comstock Resources Stock Performance

Comstock Resources stock opened at $19.95 on Thursday. The stock has a 50-day simple moving average of $19.11 and a 200 day simple moving average of $15.49. The company has a quick ratio of 0.60, a current ratio of 0.46 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of -26.24, a P/E/G ratio of 1.65 and a beta of 0.55. Comstock Resources has a 12-month low of $7.74 and a 12-month high of $22.06.

Comstock Resources (NYSE:CRK) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.14. The firm had revenue of $366.51 million during the quarter, compared to analyst estimates of $370.62 million. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. On average, research analysts anticipate that Comstock Resources will post 0.54 earnings per share for the current fiscal year.

Insider Activity

In other Comstock Resources news, Director Elizabeth B. Davis sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $16.98, for a total value of $169,800.00. Following the sale, the director now owns 107,632 shares in the company, valued at approximately $1,827,591.36. The trade was a 8.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 28,000 shares of company stock worth $478,460 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Comstock Resources

Several institutional investors have recently bought and sold shares of CRK. Sunbelt Securities Inc. lifted its stake in Comstock Resources by 140.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock valued at $27,000 after acquiring an additional 1,400 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Comstock Resources during the 4th quarter worth approximately $27,000. Sterling Capital Management LLC raised its stake in shares of Comstock Resources by 804.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer’s stock worth $54,000 after purchasing an additional 2,631 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Comstock Resources by 225.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer’s stock worth $64,000 after purchasing an additional 2,326 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Comstock Resources during the 4th quarter worth approximately $70,000. Institutional investors own 36.13% of the company’s stock.

About Comstock Resources

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.