News stories about Comstock Resources (NYSE:CRK) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Comstock Resources earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 48.3471233827264 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of equities analysts have weighed in on CRK shares. Barclays lowered their price objective on Comstock Resources from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. KeyCorp reissued a “hold” rating on shares of Comstock Resources in a research note on Monday, October 16th. Finally, Robert W. Baird set a $12.00 price objective on Comstock Resources and gave the stock a “buy” rating in a research note on Friday, November 17th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $11.75.
Comstock Resources (NYSE:CRK) opened at $9.12 on Friday. Comstock Resources has a 12 month low of $4.01 and a 12 month high of $13.42. The company has a market capitalization of $140.70, a price-to-earnings ratio of -0.99 and a beta of -0.49. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of -3.32.
In other Comstock Resources news, CEO M Jay Allison purchased 41,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were acquired at an average price of $6.17 per share, with a total value of $252,970.00. Following the purchase, the chief executive officer now directly owns 520,130 shares in the company, valued at approximately $3,209,202.10. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders bought 173,500 shares of company stock worth $1,136,570. Corporate insiders own 11.60% of the company’s stock.
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Comstock Resources Company Profile
Comstock Resources, Inc is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana.
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