Analyst Rating Update on Comstock Resources (CRK)

Comstock Resources (CRK) : Zacks Investment Research ranks Comstock Resources (CRK) as 2, which is a Buy recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 3.44, which indicates as a Hold.

Comstock Resources (CRK) : The highest short term price target forecast on Comstock Resources (CRK) is $20 and the lowest target price is $3. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $6.96 with a standard deviation of $5.94.

Company shares have received an average consensus rating of Hold for the current week


Comstock Resources (NYSE:CRK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.90 and $2.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.47, notching a gain of 18.84% for the day. The total traded volume was 805,932 . The stock had closed at $2.92 on the previous day.

Comstock Resources, Inc. is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Companys oil and gas operations are concentrated in Texas and Louisiana. Its operations are focused in two operating areas: East Texas/North Louisiana and South Texas. The Companys properties in the East Texas/North Louisiana region include approximately 81,294 acres in the Haynesville or Bossier shale formations. The Companys Eagleville field includes approximately 31,459 acres located in the oil window of the Eagle Ford shale in South Texas. The Company also has approximately 35,322 acres in the oil window of the Eagle Ford shale in or near Burleson County, Texas. It has approximately 91,208 acres in Mississippi and Louisiana. The Company owns interests in around 1,596 producing oil and natural gas wells and operates 962 of these wells.

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