5 Cheap Small-Cap Stocks to Buy

1. Comstock Resources, Inc. (NYSE: CRK)

Number of Hedge Fund Holders: 20
Market Cap: $2.008 billion
Share Price as of September 13: $8.63

Comstock Resources, Inc. (NYSE:CRK) is an American energy company that is engaged in the acquisition, exploration, and development of natural gas and oil. In addition to this, the company is also focused on its drilling activities to expand the natural gas development in the U.S. Comstock Resources, Inc. (NYSE: CRK) tops our list of the best cheap small-cap stocks to buy.

In July, Mizuho lifted its price target on Comstock Resources, Inc. (NYSE: CRK) to $10, with a ‘Buy’ rating on the shares. The firm’s analyst Vincent Lovaglio believes that the company’s natural gas exploration and development has higher potential as compared to oil exploration. In Q2 2021, Comstock Resources, Inc. (NYSE: CRK) posted an EPS of $0.22, beating the consensus by $0.05. The company’s revenue for the quarter stood at $343.6 million, showcasing 91.4% year-over-year growth. Since the beginning of the year, Comstock Resources, Inc. (NYSE: CRK) delivered an 88.9% return, while its 12-month returns stood at 71.8%.

As of Q2 2021, 20 hedge funds tracked by Insider Monkey have positions in Comstock Resources, Inc. (NYSE: CRK), worth $145.7 million. The number of hedge funds is up from 14 in the previous quarter, with a total value of $75.5 million. Encompass Capital Advisor is the company’s leading shareholder, with 3.7 million shares, worth $25.3 million.

You can also take a look at 15 Best Small-Cap Healthcare Stocks to Buy and 10 Best Small Cap Stocks to Buy in 2021

Follow Insider Monkey on Twitter