Could Comstock Resources, Inc. (CRK) Change Direction After Today’s Huge Increase?

March 14, 2018 - By Adrian Erickson

The stock of Comstock Resources, Inc. (NYSE:CRK) is a huge mover today! The stock increased 7.47% or $0.55 during the last trading session, reaching $7.91. About 632,862 shares traded or 17.96% up from the average. Comstock Resources, Inc. (NYSE:CRK) has risen 162.16% since March 14, 2017 and is uptrending. It has outperformed by 145.46% the S&P500.
The move comes after 9 months positive chart setup for the $127.88M company. It was reported on Mar, 14 by We have $8.23 PT which if reached, will make NYSE:CRK worth $5.12M more.

Analysts await Comstock Resources, Inc. (NYSE:CRK) to report earnings on May, 14. They expect $-0.45 earnings per share, up 74.29 % or $1.30 from last year’s $-1.75 per share. After $-0.31 actual earnings per share reported by Comstock Resources, Inc. for the previous quarter, Wall Street now forecasts 45.16 % negative EPS growth.

Comstock Resources, Inc. (NYSE:CRK) Ratings Coverage

Among 11 analysts covering Comstock Resources (NYSE:CRK), 2 have Buy rating, 3 Sell and 6 Hold. Therefore 18% are positive. Comstock Resources had 23 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse downgraded the stock to “Underperform” rating in Wednesday, July 22 report. The firm earned “Hold” rating on Monday, October 16 by KeyBanc Capital Markets. The firm earned “Hold” rating on Monday, September 11 by KeyBanc Capital Markets. Barclays Capital maintained Comstock Resources, Inc. (NYSE:CRK) rating on Wednesday, October 11. Barclays Capital has “Equal-Weight” rating and $6 target. The firm has “Buy” rating given on Friday, March 24 by Stifel Nicolaus. As per Thursday, August 11, the company rating was maintained by Imperial Capital. The company was maintained on Thursday, November 5 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, August 31 by Robert W. Baird. On Monday, August 14 the stock rating was maintained by Stifel Nicolaus with “Buy”. Robert W. Baird maintained the stock with “Buy” rating in Friday, November 17 report.

More recent Comstock Resources, Inc. (NYSE:CRK) news were published by: which released: “Buy These 4 Oil Stocks as the Sector Remains Undervalued” on March 09, 2018. Also published the news titled: “Comstock Resources, Inc. Reports Fourth Quarter and Calendar Year 2017 …” on February 26, 2018.‘s news article titled: “Comstock Resources (CRK) Q4 Loss Narrows on Output Gains” with publication date: March 05, 2018 was also an interesting one.

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 $127.88 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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