FollowComstock Resources issue debt fell 1.9 percent versus its face value on Monday trading, according to the American Banking and Market News. Its debt issue now has a 7.7 percent coupon as well as is said to mature by April 1, 2019. Its debt is now trading at $71. Remember that the price moves within a company’s debt in the credit market is sometimes predicting parallel moves in stock prices for it.
Certain research firms commented and downgraded the company’s shares, in particular to the analysts at Raymond James. They have rated it to an “underperform” from a “market perform” rating on a note on Tuesday of January 6.
Meanwhile, the experts at Howard Well cut their price target on the company’s shares to $11.00 from $12.00 in a research note on Thursday of December 18. The company now has a sector perform rating, while the analysts at Barclays also cut their price target for the company’s shares to $6.00 from $23.00 on Tuesday in a research note giving the company an “equal” rating. Five analysts rated it with a “hold” rating,” four analysts rated it with a “sell rating” and four graded it with “buy” rating. Presently, the stock average rating is at a “hold” with a consensus of $20.05 target price.
