Comstock Resources, Inc. (CRK)’s Stock Is Buy After Achieving 52-Week High

June 3, 2018 - By Nellie Frank

The stock of Comstock Resources, Inc. (NYSE:CRK) hit a new 52-week high and has $11.74 target or 7.00 % above today’s $10.97 share price. The 6 months bullish chart indicates low risk for the $177.41 million company. The 1-year high was reported on Jun, 3 by Barchart.com. If the $11.74 price target is reached, the company will be worth $12.42 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 4.61% or $0.53 during the last trading session, reaching $10.97. About 1.15M shares traded or 33.78% up from the average. Comstock Resources, Inc. (NYSE:CRK) has risen 39.89% since June 3, 2017 and is uptrending. It has outperformed by 27.32% the S&P500.

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 $177.41 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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