News stories about Comstock Resources (NYSE:CRK) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Comstock Resources earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the oil and gas producer an impact score of 46.7845973134903 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of equities research analysts have recently issued reports on the stock. KeyCorp reaffirmed a “hold” rating on shares of Comstock Resources in a research note on Friday, November 24th. Robert W. Baird set a $12.00 price target on shares of Comstock Resources and gave the company a “buy” rating in a report on Friday, November 17th. Finally, Barclays lowered their price target on shares of Comstock Resources from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Comstock Resources has an average rating of “Hold” and a consensus price target of $11.75.
Comstock Resources (NYSE:CRK) opened at $9.12 on Friday. The company has a debt-to-equity ratio of -3.32, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market cap of $140.70, a PE ratio of -1.02 and a beta of -0.48. Comstock Resources has a 12 month low of $4.01 and a 12 month high of $13.42.
In other Comstock Resources news, CEO M Jay Allison purchased 41,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average cost of $6.17 per share, for a total transaction of $252,970.00. Following the purchase, the chief executive officer now directly owns 520,130 shares in the company, valued at $3,209,202.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders purchased 173,500 shares of company stock valued at $1,136,570. 11.60% of the stock is owned by company insiders.
About Comstock Resources
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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