Comstock Resources (CRK) : 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Comstock Resources (CRK). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 3.44.
Comstock Resources (CRK) : 7 investment research analysts covering Comstock Resources (CRK) have an average price target of $7.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $20 and the lowest target is $3 for the short term. Analysts expect the variance to be within $5.88 of the average price.
Company shares have received an average consensus rating of Hold for the current week Comstock Resources (NYSE:CRK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.06 and $3.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.11, notching a gain of 4.31% for the day. The total traded volume was 298,482 . The stock had closed at $3.94 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Romoser Russell W, officer (VP of Reservoir Engineering) of Comstock Resources Inc, had unloaded 1,000 shares at an average price of $1.86 in a transaction dated on December 22, 2015. The total value of the transaction was worth $1,860.
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.