Comstock Resources (NYSE:CRK) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.44 by 9 Brokerage Firm. 7 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Imperial Capital downgrades the rating on Comstock Resources (NYSE:CRK). The brokerage firm has issued a In-line rating on the shares. The shares were previously rated Outperform. The Analysts at the ratings agency lowers the price target from $1.5 per share to $0.75 per share. The rating by the firm was issued on March 3, 2016.
Comstock Resources (NYSE:CRK) shares are expected to touch $0.96 in the short term. This short term price target has been shared by 7 analysts. However, the standard deviation of short term price estimate has been valued at 0.3. The target price could hit $2 on the higher end and $1 on the lower end.
Comstock Resources (NYSE:CRK) witnessed a decline in the market cap on Tuesday as its shares dropped 7.19% or 0.0689 points. After the session commenced at $0.9695, the stock reached the higher end at $0.9695 while it hit a low of $0.8867. With the volume soaring to 1,193,039 shares, the last trade was called at $0.89. The company has a 52-week high of $4.07. The company has a market cap of $54 million and there are 60,889,146 shares in outstanding. The 52-week low of the share price is $0.5502.
Shares of Comstock Resources Inc. rose by 5.95% in the last five trading days and 36.92% for the last 4 weeks. Comstock Resources Inc. is up 18.67% in the last 3-month period. Year-to-Date the stock performance stands at -52.41%.
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.