Zacks Rating on Comstock Resources (CRK)

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 (CRK) : Currently there are 7 street experts covering Comstock Resources (CRK) stock. The most bullish and bearish price target for the stock is $8 and $3 respectively for the short term. The average price target of all the analysts comes to $4.96. The estimated standard deviation from the target is $1.78.


Comstock Resources Inc. has dropped 4.4% in the last five trading days, however, the shares have posted positive gains of 65.07% in the last 4 weeks. Comstock Resources Inc. is up 109.29% in the last 3-month period. Year-to-Date the stock performance stands at -37.33%. Comstock Resources (NYSE:CRK): stock turned positive on Tuesday. Though the stock opened at $5.39, the bulls momentum made the stock top out at $6.15 level for the day. The stock recorded a low of $5.3001 and closed the trading day at $5.86, in the green by 7.72%. The total traded volume for the day was 1,062,460. The stock had closed at $5.44 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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