Exclusive: After Today’s Significant Increase, Is Comstock Resources Inc’s Near-Term Analysis Positive?

Exclusive: After Today's Significant Increase, Is Comstock Resources Inc's Near Term Analysis Positive?

The stock of Comstock Resources Inc (NYSE:CRK) is a huge mover today! About 222,897 shares traded hands. Comstock Resources Inc (NYSE:CRK) has risen 120.87% since March 3, 2016 and is uptrending. It has outperformed by 112.53% the S&P500.
The move comes after 8 months positive chart setup for the $103.56 million company. It was reported on Oct, 6 by Barchart.com. We have $13.27 PT which if reached, will make NYSE:CRK worth $75.60 million more.

Analysts await Comstock Resources Inc (NYSE:CRK) to report earnings on November, 2. They expect $-2.18 EPS, up 58.87% or $3.12 from last year’s $-5.3 per share. After $-4.05 actual EPS reported by Comstock Resources Inc for the previous quarter, Wall Street now forecasts -46.17% 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 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, February 12 by Ladenburg Thalmann. Credit Suisse downgraded Comstock Resources Inc (NYSE:CRK) rating on Wednesday, July 22. Credit Suisse has “Underperform” rating and $1 price target. The company was maintained on Thursday, November 5 by RBC Capital Markets. The firm has “Sector Underperform” rating by Howard Weil given on Monday, December 14. Imperial Capital maintained the shares of CRK in a report on Thursday, August 11 with “In-Line” rating. The stock of Comstock Resources Inc (NYSE:CRK) has “Hold” rating given on Tuesday, January 19 by KLR Group. The firm earned “Outperform” rating on Friday, February 26 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 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 Virginia-based Quantitative Investment Management Ltd Liability Com has invested 0% in Comstock Resources Inc (NYSE:CRK). First Manhattan Company holds 0% or 11,660 shares in its portfolio. Wells Fargo And Mn holds 0% or 8,701 shares in its portfolio. Gp One Trading Limited Partnership owns 15,370 shares or 0% of their US portfolio. Sfmg holds 48,000 shares or 0.01% of its portfolio. Kbc Gru Nv has 8,518 shares for 0% of their US portfolio. State Of New Jersey Common Pension Fund D accumulated 0% or 80,000 shares. Moreover, Barclays Public Limited Com has 0% invested in Comstock Resources Inc (NYSE:CRK) for 2,197 shares. Lpl Fincl Limited Com has 15,000 shares for 0% of their US portfolio. State Bank Of America De holds 0% or 800 shares in its portfolio. Morgan Stanley last reported 0% of its portfolio in the stock. Citigroup has 1,528 shares for 0% of their US portfolio. Schwab Charles Inv Mgmt last reported 0% of its portfolio in the stock. Financial Bank Of New York Mellon owns 51,960 shares or 0% of their US portfolio. Moreover, Northern Tru Corp has 0% invested in Comstock Resources Inc (NYSE:CRK) for 199,550 shares.

Another recent and important Comstock Resources Inc (NYSE:CRK) news was published by Finance.Yahoo.com which published an article titled: “Comstock Resources, Inc. Reports Second Quarter 2016 Financial and Operating …” on August 01, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment