The stock of Layne Christensen Company (NASDAQ:LAYN) hit a new 52-week high and has $16.01 target or 6.00% above today’s $15.10 share price. The 7 months bullish chart indicates low risk for the $300.12M company. The 1-year high was reported on Feb, 14 by Barchart.com. If the $16.01 price target is reached, the company will be worth $18.01M more. The stock increased 19.61% or $2.48 during the last trading session, reaching $15.1. About 511,916 shares traded or 239.88% up from the average. Layne Christensen Company (NASDAQ:LAYN) has declined 11.47% since February 14, 2017 and is downtrending. It has underperformed by 28.17% the S&P500.
Among 11 analysts covering Comstock Resources (NYSE:CRK), 2 have Buy rating, 3 Sell and 6 Hold. Therefore 18% are positive. Comstock Resources had 23 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Sector Underperform” rating by Howard Weil on Monday, December 14. As per Friday, March 24, the company rating was initiated by Stifel Nicolaus. RBC Capital Markets maintained Comstock Resources, Inc. (NYSE:CRK) rating on Thursday, November 5. RBC Capital Markets has “Sector Perform” rating and $3.50 target. The firm has “Underperform” rating given on Wednesday, July 22 by Credit Suisse. The rating was maintained by KeyBanc Capital Markets on Monday, October 16 with “Hold”. The rating was upgraded by Robert W. Baird to “Outperform” on Friday, January 27. The company was downgraded on Tuesday, January 19 by KLR Group. The rating was maintained by Imperial Capital on Friday, February 26 with “Outperform”. On Friday, October 7 the stock rating was maintained by Imperial Capital with “In-Line”. The firm earned “Hold” rating on Monday, September 11 by KeyBanc Capital Markets. See Comstock Resources, Inc. (NYSE:CRK) latest ratings:
17/11/2017 Broker: Robert W. Baird Rating: Buy New Target: $12.0 Maintain
16/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
11/10/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $7 New Target: $6 Maintain
11/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
31/08/2017 Broker: Robert W. Baird Rating: Buy New Target: $12.0 Maintain
The stock decreased 0.15% or $0.01 during the last trading session, reaching $6.8. About 53,874 shares traded. Comstock Resources, Inc. (NYSE:CRK) has risen 162.16% since February 14, 2017 and is uptrending. It has outperformed by 145.46% the S&P500.
Comstock Resources, Inc., an independent energy company, acquires, develops, explores, and produces oil and natural gas properties in the United States. The company has market cap of $104.91 million. The Company’s gas and oil activities are primarily located in East Texas/North Louisiana and South Texas. It currently has negative earnings. The firm owns interests in 1,371 producing oil and natural gas wells.
Analysts await Layne Christensen Company (NASDAQ:LAYN) to report earnings on April, 9. They expect $-0.14 earnings per share, up 85.26% or $0.81 from last year’s $-0.95 per share. After $-0.05 actual earnings per share reported by Layne Christensen Company for the previous quarter, Wall Street now forecasts 180.00% negative EPS growth.
Layne Christensen Company operates as a water management, construction, and drilling firm that provides solutions for the water, mineral, and energy markets in the United States and internationally. The company has market cap of $300.12 million. The companyÂ’s Water Resources segment offers water-related services and products, including hydrologic design and construction; source of supply exploration; well and intake construction; and well and pump rehabilitation services. It currently has negative earnings. This segment also provides water treatment equipment engineering services and systems for the treatment of regulated and nuisance contaminants.
Investors sentiment increased to 1.45 in Q3 2017. Its up 0.42, from 1.03 in 2017Q2. It is positive, as 7 investors sold Layne Christensen Company shares while 22 reduced holdings. 20 funds opened positions while 22 raised stakes. 18.10 million shares or 3.49% more from 17.48 million shares in 2017Q2 were reported. Tennessee-based Green Square Lc has invested 0.2% in Layne Christensen Company (NASDAQ:LAYN). Royal State Bank Of Canada owns 4,103 shares. Citadel Advisors Limited Com reported 22,674 shares or 0% of all its holdings. Deutsche Bank & Trust Ag invested 0% in Layne Christensen Company (NASDAQ:LAYN). California Employees Retirement Sys stated it has 0% of its portfolio in Layne Christensen Company (NASDAQ:LAYN). Manatuck Hill Limited Liability Corporation, Connecticut-based fund reported 300,000 shares. First Eagle Invest Management Ltd Llc holds 65,200 shares or 0% of its portfolio. Jpmorgan Chase & holds 0% in Layne Christensen Company (NASDAQ:LAYN) or 65,155 shares. 1,084 are owned by Federated Investors Incorporated Pa. Citigroup Inc stated it has 56 shares or 0% of all its holdings. Condor Mngmt has 0.05% invested in Layne Christensen Company (NASDAQ:LAYN) for 20,605 shares. Virtu Ltd Company holds 0% in Layne Christensen Company (NASDAQ:LAYN) or 12,539 shares. Macquarie Grp Inc Ltd owns 3,420 shares. Morgan Stanley reported 65,011 shares or 0% of all its holdings. Cove Street Ltd Liability Corp holds 0.12% of its portfolio in Layne Christensen Company (NASDAQ:LAYN) for 88,600 shares.
Among 3 analysts covering Layne Christensen (NASDAQ:LAYN), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Layne Christensen has $11.0 highest and $8 lowest target. $9’s average target is -40.40% below currents $15.1 stock price. Layne Christensen had 7 analyst reports since August 18, 2015 according to SRatingsIntel. Jefferies maintained Layne Christensen Company (NASDAQ:LAYN) on Friday, August 4 with “Hold” rating. DA Davidson maintained the stock with “Neutral” rating in Monday, March 7 report. Jefferies maintained the stock with “Hold” rating in Tuesday, September 12 report. Maxim Group initiated it with “Buy” rating and $8 target in Friday, February 19 report. The company was downgraded on Tuesday, August 18 by Zacks. As per Friday, June 9, the company rating was maintained by Jefferies.