Comstock Resources, Inc. (CRK) Can’t Burn Your Long Portfolio. Has Another Strong Session

February 22, 2018 - By Hazel Jackson

The stock of Comstock Resources, Inc. (NYSE:CRK) is a huge mover today! The stock increased 10.17% or $0.68 during the last trading session, reaching $7.32. About 823,594 shares traded or 94.18% up from the average. Comstock Resources, Inc. (NYSE:CRK) has risen 162.16% since February 22, 2017 and is uptrending. It has outperformed by 145.46% the S&P500.
The move comes after 6 months positive chart setup for the $112.85 million company. It was reported on Feb, 22 by We have $7.83 PT which if reached, will make NYSE:CRK worth $7.90M more.

Analysts await Comstock Resources, Inc. (NYSE:CRK) to report earnings on February, 26 before the open. They expect $-0.94 earnings per share, up 63.57 % or $1.64 from last year’s $-2.58 per share. After $-1.10 actual earnings per share reported by Comstock Resources, Inc. for the previous quarter, Wall Street now forecasts -14.55 % EPS growth.

Comstock Resources, Inc. (NYSE:CRK) Ratings Coverage

Among 11 analysts covering Comstock Resources (NYSE:CRK), 2 have Buy rating, 3 Sell and 6 Hold. Therefore 18% are positive. Comstock Resources had 23 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “In-Line” rating on Thursday, August 11 by Imperial Capital. Robert W. Baird upgraded Comstock Resources, Inc. (NYSE:CRK) rating on Friday, January 27. Robert W. Baird has “Outperform” rating and $17 target. The stock of Comstock Resources, Inc. (NYSE:CRK) has “Neutral” rating given on Friday, February 12 by Ladenburg Thalmann. Barclays Capital maintained the shares of CRK in report on Wednesday, October 11 with “Equal-Weight” rating. The firm has “Sector Underperform” rating given on Monday, December 14 by Howard Weil. As per Friday, February 26, the company rating was maintained by Imperial Capital. Stifel Nicolaus initiated Comstock Resources, Inc. (NYSE:CRK) on Friday, March 24 with “Buy” rating. The rating was maintained by Imperial Capital with “In-Line” on Friday, October 7. The firm has “Hold” rating given on Monday, September 11 by KeyBanc Capital Markets. The firm earned “Hold” rating on Tuesday, January 19 by KLR Group.

More recent Comstock Resources, Inc. (NYSE:CRK) news were published by: which released: “Comstock Resources’ (CRK) CEO Jay Allison on Q3 2017 Results – Earnings Call …” on November 02, 2017. Also published the news titled: “Comstock Resources, Inc. Announces 27% Growth in Proved Oil and Gas Reserves …” on January 25, 2018.‘s news article titled: “Form 4 COMSTOCK RESOURCES INC For: Feb 06 Filed by: Romoser Russell W” with publication date: February 08, 2018 was also an interesting one.

Comstock Resources, Inc., an independent energy company, acquires, develops, explores, and produces oil and natural gas properties in the United States. The company has market cap of $112.85 million. The Company’s gas and oil activities are primarily located in East Texas/North Louisiana and South Texas. It currently has negative earnings. The firm owns interests in 1,371 producing oil and natural gas wells.

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