The stock of Comstock Resources Inc (NYSE:CRK) is a huge mover today! About 264,745 shares traded hands. Comstock Resources Inc (NYSE:CRK) has risen 122.97% since April 13, 2016 and is uptrending. It has outperformed by 119.05% the S&P500.
The move comes after 7 months positive chart setup for the $121.26M company. It was reported on Nov, 15 by Barchart.com. We have $24.18 PT which if reached, will make NYSE:CRK worth $204.93 million 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. Imperial Capital maintained Comstock Resources Inc (NYSE:CRK) on Friday, February 26 with “Outperform” rating. The company was downgraded on Friday, February 12 by Ladenburg Thalmann. The company was maintained on Thursday, November 5 by RBC Capital Markets. Howard Weil downgraded the shares of CRK in a report on Monday, December 14 to “Sector Underperform” rating. Credit Suisse downgraded it to “Underperform” rating and $1 target price in Wednesday, July 22 report. Imperial Capital maintained Comstock Resources Inc (NYSE:CRK) rating on Friday, October 7. Imperial Capital has “In-Line” rating and $8.50 price target. The firm has “Hold” rating by KLR Group given on Tuesday, January 19. The stock of Comstock Resources Inc (NYSE:CRK) earned “In-Line” rating by Imperial Capital on Thursday, August 11.
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 2016 Q2. Its down 0.10, from 0.76 in 2016Q1. The ratio dropped, 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.
The California-based Blackrock Fund Advisors has invested 0% in Comstock Resources Inc (NYSE:CRK). Sfmg has invested 0.01% of its portfolio in Comstock Resources Inc (NYSE:CRK). Kcg owns 110,696 shares or 0% of their US portfolio. State Of New Jersey Common Pension Fund D owns 80,000 shares or 0% of their US portfolio. Barclays Public Limited Com reported 2,197 shares or 0% of all its holdings. D E Shaw And Com last reported 0% of its portfolio in the stock. Vanguard Group, a Pennsylvania-based fund reported 1.49 million shares. Credit Suisse Ag accumulated 216,868 shares or 0% of the stock. Goldman Sachs Gp Inc last reported 0% of its portfolio in the stock. Creative Planning holds 0% or 20,065 shares in its portfolio. Spot Trading Ltd Llc has 6,749 shares for 0% of their US portfolio. Aegis accumulated 62,713 shares or 0.05% of the stock. One Trading Limited Partnership has invested 0% of its portfolio in Comstock Resources Inc (NYSE:CRK). First Dallas Securities accumulated 0.15% or 224,554 shares. Moreover, Spark Invest Mgmt Ltd Llc has 0.03% invested in Comstock Resources Inc (NYSE:CRK) for 373,400 shares.
More recent Comstock Resources Inc (NYSE:CRK) news were published by: Nasdaq.com which released: “Comstock Resources, Inc. Announces Closing of Senior Notes Exchange Offer” on September 06, 2016. Also Nasdaq.com published the news titled: “Comstock Resources, Inc. Announces Third Quarter 2016 Earnings Date and …” on October 12, 2016. Nasdaq.com‘s news article titled: “Comstock Resources, Inc. Announces Divestiture of South Texas Natural Gas …” with publication date: October 17, 2016 was also an interesting one.
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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