Fintel reports that on June 27, 2024, Keybanc initiated coverage of Comstock Resources (NYSE:CRK) with a Sector Weight recommendation.
Analyst Price Forecast Suggests 4.20% Downside
As of June 12, 2024, the average one-year price target for Comstock Resources is 10.11. The forecasts range from a low of 8.08 to a high of $12.60. The average price target represents a decrease of 4.20% from its latest reported closing price of 10.55.
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The projected annual revenue for Comstock Resources is 3,022MM, an increase of 114.13%. The projected annual non-GAAP EPS is 4.31.
What is the Fund Sentiment?
There are 505 funds or institutions reporting positions in Comstock Resources. This is an decrease of 26 owner(s) or 4.90% in the last quarter. Average portfolio weight of all funds dedicated to CRK is 0.15%, an increase of 7.08%. Total shares owned by institutions decreased in the last three months by 0.38% to 114,841K shares. 
The put/call ratio of CRK is 0.46, indicating a bullish outlook.
What are Other Shareholders Doing?
Key Group Holdings holds 11,150K shares representing 3.82% ownership of the company. In its prior filing, the firm reported owning 9,441K shares , representing an increase of 15.32%. The firm increased its portfolio allocation in CRK by 32.03% over the last quarter.
XOP - SPDR(R) S&P(R) Oil & Gas Exploration & Production ETF holds 8,246K shares representing 2.82% ownership of the company. In its prior filing, the firm reported owning 7,584K shares , representing an increase of 8.03%. The firm decreased its portfolio allocation in CRK by 1.76% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 6,230K shares representing 2.13% ownership of the company. In its prior filing, the firm reported owning 6,148K shares , representing an increase of 1.31%. The firm increased its portfolio allocation in CRK by 1.77% over the last quarter.
Encompass Capital Advisors holds 3,799K shares representing 1.30% ownership of the company. In its prior filing, the firm reported owning 3,506K shares , representing an increase of 7.72%. The firm increased its portfolio allocation in CRK by 5.42% over the last quarter.
DFSVX - U.s. Small Cap Value Portfolio - Institutional Class holds 3,102K shares representing 1.06% ownership of the company. In its prior filing, the firm reported owning 1,457K shares , representing an increase of 53.03%. The firm increased its portfolio allocation in CRK by 171.63% over the last quarter.
Comstock Resources Background Information
(This description is provided by the company.)
Comstock Resources is a leading independent natural gas producer with operations focused on the development of the Haynesville Shale in North Louisiana and East Texas.
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