News stories about Comstock Resources (NYSE:CRK) have trended somewhat positive on Tuesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Comstock Resources earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 47.5774146115096 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- How Analysts Feel About Comstock Resources, Inc. (NYSE:CRK)? – NMSU Hеrаld (nmsuherald.com)
- Check Capital Management Lifted Markel (MKL) Stake; 2 Analysts Covering Comstock Resources, Inc. (CRK) – MTA Star (mtastar.com)
- Comstock Resources Inc (CRK) to Post Q1 2018 Earnings of ($0.21) Per Share, KeyCorp Forecasts (americanbankingnews.com)
- Comstock Resources (CRK) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Comstock Resources Inc (CRK) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
Several equities research analysts recently issued reports on CRK shares. Zacks Investment Research lowered shares of Comstock Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 15th. KeyCorp reissued a “hold” rating on shares of Comstock Resources in a report on Friday, November 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Comstock Resources has an average rating of “Hold” and an average target price of $10.00.
Shares of Comstock Resources (NYSE:CRK) opened at $7.25 on Tuesday. The stock has a market cap of $123.35, a P/E ratio of -0.96 and a beta of 0.04. Comstock Resources has a fifty-two week low of $4.01 and a fifty-two week high of $10.72. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of -3.01.
Comstock Resources (NYSE:CRK) last released its earnings results on Monday, February 26th. The oil and gas producer reported ($0.31) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.94) by $0.63. The firm had revenue of $73.25 million during the quarter, compared to analysts’ expectations of $71.92 million. During the same period in the prior year, the company posted ($2.58) earnings per share. analysts predict that Comstock Resources will post -3.51 earnings per share for the current fiscal year.
In other news, CEO M Jay Allison bought 12,500 shares of Comstock Resources stock in a transaction that occurred on Thursday, December 28th. The stock was bought at an average cost of $8.00 per share, with a total value of $100,000.00. Following the acquisition, the chief executive officer now owns 611,630 shares of the company’s stock, valued at approximately $4,893,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.60% of the company’s stock.
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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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