Ratings for Comstock Resources (NYSE:CRK) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 1 | 0 | 3 | 2 |
| Last 30D | 0 | 0 | 0 | 0 | 1 |
| 1M Ago | 0 | 0 | 0 | 1 | 0 |
| 2M Ago | 1 | 0 | 0 | 1 | 1 |
| 3M Ago | 0 | 1 | 0 | 1 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Comstock Resources, presenting an average target of $10.07, a high estimate of $13.50, and a low estimate of $8.00. This current average has increased by 2.13% from the previous average price target of $9.86.
Exploring Analyst Ratings: An In-Depth Overview
A comprehensive examination of how financial experts perceive Comstock Resources is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Umang Choudhary | Goldman Sachs | Raises | Sell | $10.00 | $9.00 |
| Nitin Kumar | Mizuho | Raises | Underperform | $11.00 | $10.00 |
| Derrick Whitfield | Stifel | Lowers | Buy | $13.50 | $14.00 |
| Nitin Kumar | Mizuho | Raises | Underperform | $10.00 | $9.00 |
| Umang Choudhary | Goldman Sachs | Raises | Sell | $9.00 | $8.00 |
| Nitin Kumar | Mizuho | Lowers | Underperform | $9.00 | $10.00 |
| Mark Lear | Piper Sandler | Lowers | Overweight | $8.00 | $9.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Comstock Resources. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Comstock Resources compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Comstock Resources's stock. This analysis reveals shifts in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Comstock Resources's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Comstock Resources analyst ratings.
Discovering Comstock Resources: A Closer Look
Comstock Resources Inc is an independent energy company operating in the Haynesville shale, a natural gas basin located in East Texas and North Louisiana with superior economics and geographical proximity to the Gulf Coast markets. The Company operates in one business segment, the exploration and production of North American natural gas and oil. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. Its oil and gas operations are concentrated in Louisiana and Texas.
Comstock Resources's Financial Performance
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Comstock Resources's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -31.42%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: Comstock Resources's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -4.86%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Comstock Resources's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -0.68%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Comstock Resources's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.26%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Comstock Resources's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.15, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
What Are Analyst Ratings?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.