Comstock Resources Inc (CRK) is Reiterated by Imperial Capital to In-line, Raises Price Target to $ 3.75

Comstock Resources Inc (CRK) was Reiterated by Imperial Capital to “In-line” according to the research note released today. The brokerage firm has raised the Price Target to $ 3.75 from a previous price target of $0.75 . Imperial Capital advised their investors in a research report released on Aug 11, 2016.

On the company’s financial health, Comstock Resources Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 3.70 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $-3.29. The company had revenue of $40.72 million for the quarter, compared to analysts expectations of $39.95 million. The company’s revenue was down -47.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-1.11 EPS.

Comstock Resources Inc closed down -0.07 points or -1.67% at $4.12 with 1,88,805 shares getting traded on Monday. Post opening the session at $4.33, the shares hit an intraday low of $4.11 and an intraday high of $4.36 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Dec 23, 2015, Russell W Romoser (VP of Reservoir Engineering) sold 1,000 shares at $1.86 per share price. According to the SEC, on Dec 23, 2015, Daniel K Presley (VP of Accounting) sold 4,000 shares at $1.84 per share price. On Sep 2, 2015, Frederic D Sewell (director) purchased 10,000 shares at $2.80 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s properties in the East Texas/North Louisiana region include approximately 81294 acres in the Haynesville or Bossier shale formations. The Company’s Eagleville field includes approximately 31459 acres located in the oil window of the Eagle Ford shale in South Texas. The Company also has approximately 35322 acres in the oil window of the Eagle Ford shale in or near Burleson County Texas. It has approximately 91208 acres in Mississippi and Louisiana. The Company owns interests in around 1596 producing oil and natural gas wells and operates 962 of these wells.

Comstock Resources Inc

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