The stock of Comstock Resources Inc (NYSE:CRK) is a huge mover today! The stock increased 5.95% or $0.5 on November 29, hitting $8.91. About 900,412 shares traded hands or 9.48% up from the average. Comstock Resources Inc (NYSE:CRK) has risen 115.64% since April 26, 2016 and is uptrending. It has outperformed by 110.38% the S&P500.
The move comes after 5 months positive chart setup for the $118.76M company. It was reported on Nov, 29 by Barchart.com. We have $9.71 PT which if reached, will make NYSE:CRK worth $10.69M more.
Analysts await Comstock Resources Inc (NYSE:CRK) to report earnings on February, 22. They expect $-1.55 EPS, up 65.93% or $3.00 from last year’s $-4.55 per share. After $-3.27 actual EPS reported by Comstock Resources Inc for the previous quarter, Wall Street now forecasts -52.60% 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 the stock to “Underperform” rating in Wednesday, July 22 report. Ladenburg Thalmann downgraded Comstock Resources Inc (NYSE:CRK) on Friday, February 12 to “Neutral” rating. The stock of Comstock Resources Inc (NYSE:CRK) has “Sector Perform” rating given on Thursday, November 5 by RBC Capital Markets. Imperial Capital maintained the shares of CRK in a report on Thursday, August 11 with “In-Line” rating. The rating was maintained by Imperial Capital with “Outperform” on Friday, February 26. The firm has “Sector Underperform” rating given on Monday, December 14 by Howard Weil. Imperial Capital maintained the stock with “In-Line” rating in Friday, October 7 report. The company was downgraded on Tuesday, January 19 by KLR Group.
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 in 2016 Q2. Its down 0.66, from 0.66 in 2016Q1. The ratio turned negative, 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.
Cubist Systematic Strategies Ltd Co holds 158,435 shares or 0.01% of its portfolio. Blackrock Fund reported 7,461 shares or 0% of all its holdings. Citigroup last reported 0% of its portfolio in the stock. Estabrook Capital Management accumulated 700 shares or 0% of the stock. Kbc Grp Nv has 8,518 shares for 0% of their US portfolio. Bnp Paribas Arbitrage last reported 28 shares in the company. Northern Trust last reported 0% of its portfolio in the stock. Creative Planning has 0% invested in the company for 20,065 shares. Royal Bankshares Of Canada accumulated 4,256 shares or 0% of the stock. Quantitative Inv Ltd Liability Co, a Virginia-based fund reported 54,200 shares. Manufacturers Life Ins The owns 1,446 shares or 0% of their US portfolio. Geode Mngmt Limited Liability Com accumulated 214,581 shares or 0% of the stock. Moreover, Deutsche Bancorp Ag has 0% invested in Comstock Resources Inc (NYSE:CRK) for 5,337 shares. Spot Trading Ltd Liability Com holds 0% or 6,749 shares in its portfolio. Credit Suisse Ag holds 0% or 216,868 shares in its portfolio.
Insider Transactions: Since November 15, 2016, the stock had 1 buying transaction, and 0 insider sales for $49,225 net activity. The insider MARTIN CECIL E JR bought $49,225.
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. Reports Results of Special Meeting of Stockholders” on November 08, 2016. Seekingalpha.com‘s news article titled: “Comstock Resources’ (CRK) CEO Jay Allison on Q2 2016 Results – Earnings Call …” with publication date: August 01, 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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