The stock of Comstock Resources Inc (NYSE:CRK) is a huge mover today! About 763,357 shares traded hands or 20.49% up from the average. Comstock Resources Inc (NYSE:CRK) has risen 79.57% since March 15, 2016 and is uptrending. It has outperformed by 74.08% the S&P500.
The move comes after 7 months positive chart setup for the $116.21M company. It was reported on Oct, 18 by Barchart.com. We have $21.60 PT which if reached, will make NYSE:CRK worth $171.99 million more.
Analysts await Comstock Resources Inc (NYSE:CRK) to report earnings on November, 2. They expect $-2.18 EPS, up 58.87% or $3.12 from last year’s $-5.3 per share. After $-4.05 actual EPS reported by Comstock Resources Inc for the previous quarter, Wall Street now forecasts -46.17% EPS growth.
Comstock Resources Inc (NYSE:CRK) Ratings Coverage
Out of 7 analysts covering Comstock Resources (NYSE:CRK), 0 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 0 are positive. Comstock Resources has been the topic of 15 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded Comstock Resources Inc (NYSE:CRK) on Wednesday, July 22 to “Underperform” rating. Ladenburg Thalmann downgraded the stock to “Neutral” rating in Friday, February 12 report. The rating was maintained by Imperial Capital with “Outperform” on Friday, February 26. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, November 5. The firm has “In-Line” rating given on Thursday, August 11 by Imperial Capital. The firm has “Hold” rating by KLR Group given on Tuesday, January 19. As per Friday, October 7, the company rating was maintained by Imperial Capital. The firm has “Sector Underperform” rating given on Monday, December 14 by Howard Weil.
According to Zacks Investment Research, “Comstock Resources, Inc. is an independent energy company engaged in the acquisition, development, production and exploration of oil and natural gas properties. The company’s oil and natural gas reserve base is entirely concentrated in the Gulf of Mexico, Southeast Texas and East Texas/North Louisiana regions.”
Insitutional Activity: The institutional sentiment decreased to 0.66 in Q2 2016. Its down 0.10, from 0.76 in 2016Q1. The ratio dived, as 14 funds sold all Comstock Resources Inc shares owned while 18 reduced positions. 8 funds bought stakes while 13 increased positions. They now own 17.93 million shares or 0.76% more from 17.80 million shares in 2016Q1.
Comml Bank Of America De holds 0% of its portfolio in Comstock Resources Inc (NYSE:CRK) for 800 shares. State Of New Jersey Common Pension Fund D has 80,000 shares for 0% of their US portfolio. Susquehanna Intl Grp Inc Llp owns 19,480 shares or 0% of their US portfolio. California Public Employees Retirement System holds 0% of its portfolio in Comstock Resources Inc (NYSE:CRK) for 1.64M shares. Credit Suisse Ag reported 216,868 shares or 0% of all its holdings. Raymond James & Assocs has invested 0% of its portfolio in Comstock Resources Inc (NYSE:CRK). Quantitative Investment Management Limited Liability Co reported 54,200 shares or 0% of all its holdings. Wells Fargo Mn, a California-based fund reported 8,701 shares. Northern Tru reported 199,550 shares or 0% of all its holdings. Aegis Fincl Corp owns 62,713 shares or 0.05% of their US portfolio. Morgan Stanley last reported 35,750 shares in the company. Lpl Fincl Ltd Liability accumulated 0% or 15,000 shares. Goldman Sachs Grp holds 0% or 141,950 shares in its portfolio. Kbc Gru Nv accumulated 0% or 8,518 shares. Barclays Public Ltd Llc accumulated 2,197 shares or 0% of the stock.
More important recent Comstock Resources Inc (NYSE:CRK) news were published by: Nasdaq.com which released: “Comstock Resources, Inc. Announces Divestiture of South Texas Natural Gas …” on October 17, 2016, also Nasdaq.com published article titled: “Comstock Resources, Inc. Announces Senior Notes Exchange”, Nasdaq.com published: “Comstock Resources, Inc. Announces Third Quarter 2016 Earnings Date and …” on October 12, 2016. More interesting news about Comstock Resources Inc (NYSE:CRK) was released by: Nasdaq.com and their article: “Comstock Resources, Inc. Announces Closing of Senior Notes Exchange Offer” with publication date: September 06, 2016.
CRK Company Profile
Comstock Resources, Inc., incorporated on November 23, 1983, is an energy firm engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Firm operates in the segment of exploration and production of oil and natural gas. The Company’s gas and oil activities are concentrated in Texas and Louisiana. The Company’s activities are focused in two operating areas: East Texas/North Louisiana and South Texas. The Company’s properties in the East Texas/North Louisiana region include approximately 80,660 acres in the Haynesville or Bossier shale formations. The Company’s Eagleville field includes approximately 30,220 acres located in the oil window of the Eagle Ford shale in South Texas. The Firm owns interests in over 1,575 producing oil and natural gas wells, and operates over 950 of these wells.
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