Comstock Resources (CRK) Shares are Up 5.31%

Comstock Resources (CRK) has been under a strong bear grip, hence the stock is down -8.43% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.38% in the past 1 week. The stock has risen by 5.31% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.36% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.05% and the 50-Day Moving Average is 1.73%. Comstock Resources Inc. is up 1.65% in the last 3-month period. Year-to-Date the stock performance stands at -55.97%.


Comstock Resources (NYSE:CRK): stock turned positive on Friday. Though the stock opened at $0.7249, the bulls momentum made the stock top out at $0.838 level for the day. The stock recorded a low of $0.71 and closed the trading day at $0.8234, in the green by 14.38%. The total traded volume for the day was 1,176,919. The stock had closed at $0.7199 in the previous days trading.

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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