What’s Next for Comstock Resources, Inc. (CRK) After Today’s Significant Increase?

March 14, 2018 - By Kurt Siggers

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 Barchart.com. 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. Imperial Capital maintained Comstock Resources, Inc. (NYSE:CRK) on Friday, February 26 with “Outperform” rating. Stifel Nicolaus initiated the shares of CRK in report on Friday, March 24 with “Buy” rating. The firm has “Buy” rating by Robert W. Baird given on Thursday, August 31. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, August 14 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, November 5. Credit Suisse downgraded Comstock Resources, Inc. (NYSE:CRK) on Wednesday, July 22 to “Underperform” rating. On Monday, October 16 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. Robert W. Baird upgraded the shares of CRK in report on Friday, January 27 to “Outperform” rating. Robert W. Baird maintained it with “Buy” rating and $12.0 target in Friday, November 17 report. The rating was maintained by Imperial Capital on Thursday, August 11 with “In-Line”.

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