Comstock Resources, Inc. (NYSE:CRK – Get Free Report)’s share price reached a new 52-week low during trading on Tuesday after Truist Financial lowered their price target on the stock from $10.00 to $9.00. Truist Financial currently has a hold rating on the stock. Comstock Resources traded as low as $7.27 and last traded at $7.29, with a volume of 1321580 shares. The stock had previously closed at $7.71.
Other research analysts also recently issued research reports about the company. Johnson Rice downgraded Comstock Resources from an “accumulate” rating to a “hold” rating in a report on Thursday, December 14th. Mizuho downgraded Comstock Resources from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 3rd. StockNews.com raised Comstock Resources to a “sell” rating in a report on Monday, November 13th. Siebert Williams Shank started coverage on Comstock Resources in a report on Tuesday, December 19th. They set 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 given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.29.
Institutional Trading of Comstock Resources
Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in Comstock Resources by 3.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 17,991 shares of the oil and gas producer’s stock worth $311,000 after purchasing an additional 648 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of Comstock Resources by 2.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 37,475 shares of the oil and gas producer’s stock worth $514,000 after buying an additional 1,000 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Comstock Resources by 8.0% during the 2nd quarter. ProShare Advisors LLC now owns 14,354 shares of the oil and gas producer’s stock worth $167,000 after buying an additional 1,065 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Comstock Resources by 7.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,926 shares of the oil and gas producer’s stock worth $183,000 after buying an additional 1,136 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Comstock Resources by 4.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,214 shares of the oil and gas producer’s stock worth $414,000 after buying an additional 1,272 shares during the last quarter. Institutional investors own 32.58% of the company’s stock.
Comstock Resources Stock Performance
The stock’s 50 day moving average price is $8.50 and its 200 day moving average price is $10.55. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 3.44 and a beta of 0.70.
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.