Comstock Resources (CRK) Receives Price Target

Comstock Resources (CRK) : 7 Wall Street analysts covering Comstock Resources (CRK) believe that the average level the stock could reach for the short term is $4.18. The maximum price target given is $6 and the minimum target for short term is around $3, hence the standard deviation is calculated at $1.23.

Comstock Resources (CRK) : 9 analysts are covering Comstock Resources (CRK) and their average rating on the stock is 3.44, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Comstock Resources (NYSE:CRK): The stock opened at $6.75 on Thursday but the bulls could not build on the opening and the stock topped out at $6.87 for the day. The stock traded down to $6.55 during the day, due to lack of any buying support eventually closed down at $6.76 with a loss of -1.60% for the day. The stock had closed at $6.87 on the previous day. The total traded volume was 794,226 shares.

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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