Brokerage Firm Rating Update on Comstock Resources (CRK)

Comstock Resources (CRK) has an average broker rating of 3.44, which is interpreted as a Hold, as rated by 9 equity analysts. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Comstock Resources (CRK) : 7 investment research analysts covering Comstock Resources (CRK) have an average price target of $4.18 for the near short term. The highest target price given by the Brokerage Firm to the stock is $6 and the lowest target is $3 for the short term. Analysts expect the variance to be within $1.23 of the average price.


Company shares have received an average consensus rating of Hold for the current week

Comstock Resources (NYSE:CRK): The stock opened at $7.04 and touched an intraday high of $8.44 on Wednesday. During the day, the stock corrected to an intraday low of $7.04, however, the bulls stepped in and pushed the price higher to close in the green at $8.22 with a gain of 17.77% for the day. The total traded volume for the day was 1,589,699. The stock had closed at $6.98 in the previous trading session.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.