Truist Financial Increases Comstock Resources (NYSE:CRK) Price Target to $19.00

Comstock Resources (NYSE:CRKGet Rating) had its price objective upped by analysts at Truist Financial from $14.00 to $19.00 in a research note issued to investors on Thursday, The Fly reports. Truist Financial’s price objective indicates a potential upside of 17.50% from the company’s current price.

CRK has been the subject of a number of other research reports. Mizuho increased their price target on shares of Comstock Resources from $13.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, April 8th. Zacks Investment Research upgraded Comstock Resources from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, March 29th. StockNews.com assumed coverage on Comstock Resources in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Piper Sandler lifted their target price on Comstock Resources from $7.50 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $18.00.

NYSE:CRK opened at $16.17 on Thursday. Comstock Resources has a twelve month low of $4.78 and a twelve month high of $18.55. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 2.58. The business has a 50 day moving average price of $11.50 and a two-hundred day moving average price of $9.71. The company has a market cap of $3.77 billion, a P/E ratio of -11.89 and a beta of 1.43.

Comstock Resources (NYSE:CRKGet Rating) last announced its quarterly earnings data on Tuesday, February 15th. The oil and gas producer reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Comstock Resources had a positive return on equity of 34.73% and a negative net margin of 13.06%. The company had revenue of $655.38 million for the quarter, compared to the consensus estimate of $454.35 million. During the same quarter in the prior year, the company earned $0.14 EPS. As a group, analysts anticipate that Comstock Resources will post 2.51 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of CRK. California State Teachers Retirement System boosted its position in shares of Comstock Resources by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 118,266 shares of the oil and gas producer’s stock valued at $957,000 after acquiring an additional 1,995 shares during the period. LPL Financial LLC raised its stake in Comstock Resources by 11.7% in the 3rd quarter. LPL Financial LLC now owns 19,229 shares of the oil and gas producer’s stock worth $199,000 after purchasing an additional 2,007 shares in the last quarter. CWM LLC raised its stake in Comstock Resources by 15.4% in the 1st quarter. CWM LLC now owns 15,780 shares of the oil and gas producer’s stock worth $206,000 after purchasing an additional 2,106 shares in the last quarter. First Quadrant LLC CA acquired a new stake in Comstock Resources in the 1st quarter worth about $28,000. Finally, Ellevest Inc. raised its stake in Comstock Resources by 57.8% in the 1st quarter. Ellevest Inc. now owns 6,110 shares of the oil and gas producer’s stock worth $80,000 after purchasing an additional 2,237 shares in the last quarter. Institutional investors own 28.03% of the company’s stock.

Comstock Resources Company Profile (Get Rating)

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. As of December 31, 2021, the company had 6.1 trillion cubic feet of the natural gas equivalent of proved reserves.

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