Comstock Resources (NYSE:CRK) : Zacks Investment Research ranks Comstock Resources (NYSE:CRK) as 3, which is a Hold 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 (NYSE:CRK) stock is expected to deviate a maximum of $0.3 from the average target price of $0.96 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $2 and the most muted being $1.
Company shares have received an average consensus rating of Hold for the current week
Comstock Resources (NYSE:CRK): stock turned positive on Tuesday. Though the stock opened at $0.8736, the bulls momentum made the stock top out at $0.9 level for the day. The stock recorded a low of $0.85 and closed the trading day at $0.89, in the green by 5.95%. The total traded volume for the day was 876,098. The stock had closed at $0.84 in the previous days trading.
In an insider trading activity, 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.