The stock of Comstock Resources Inc (NYSE:CRK) is a huge mover today! About 765,518 shares traded hands or 8.28% up from the average. Comstock Resources Inc (NYSE:CRK) has risen 120.78% since April 5, 2016 and is uptrending. It has outperformed by 118.82% the S&P500.
The move comes after 7 months positive chart setup for the $118.25M company. It was reported on Nov, 8 by Barchart.com. We have $25.57 PT which if reached, will make NYSE:CRK worth $221.13M more.
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. The firm has “In-Line” rating given on Friday, October 7 by Imperial Capital. On Thursday, November 5 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Ladenburg Thalmann downgraded the shares of CRK in a report on Friday, February 12 to “Neutral” rating. The rating was downgraded by Credit Suisse on Wednesday, July 22 to “Underperform”. As per Tuesday, January 19, the company rating was downgraded by KLR Group. Howard Weil downgraded the stock to “Sector Underperform” rating in Monday, December 14 report. The rating was maintained by Imperial Capital on Friday, February 26 with “Outperform”. The firm earned “In-Line” rating on Thursday, August 11 by Imperial Capital.
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 fall, 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.
State Of New Jersey Common Pension Fund D holds 80,000 shares or 0% of its portfolio. Aegis Fin has invested 0.05% of its portfolio in Comstock Resources Inc (NYSE:CRK). The Massachusetts-based Geode Cap Mngmt Limited Liability Company has invested 0% in Comstock Resources Inc (NYSE:CRK). Goldman Sachs Grp Inc last reported 0% of its portfolio in the stock. Mount Lucas Mngmt Limited Partnership holds 0.01% of its portfolio in Comstock Resources Inc (NYSE:CRK) for 14,500 shares. Barclays Public Limited Liability Corporation accumulated 2,197 shares or 0% of the stock. Perkins Capital Mgmt has invested 0.01% of its portfolio in Comstock Resources Inc (NYSE:CRK). The California-based California Public Employees Retirement Systems has invested 0% in Comstock Resources Inc (NYSE:CRK). Ladenburg Thalmann Services has 10,725 shares for 0% of their US portfolio. The New York-based Citigroup has invested 0% in Comstock Resources Inc (NYSE:CRK). Kcg accumulated 110,696 shares or 0% of the stock. First Manhattan accumulated 11,660 shares or 0% of the stock. Northern Tru Corporation accumulated 0% or 199,550 shares. Argentus Lc owns 36,100 shares or 0.04% of their US portfolio. Susquehanna Int Group Limited Liability Partnership owns 19,480 shares or 0% of their US portfolio.
Another recent and important Comstock Resources Inc (NYSE:CRK) news was published by Nasdaq.com which published an article titled: “Comstock Resources, Inc. Announces Closing of Senior Notes Exchange Offer” on 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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