Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Comstock Resources (CRK) Share Price
News headlines about Comstock Resources (NYSE:CRK) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Comstock Resources earned a news impact score of 0.06 on Accern’s scale. Accern also gave media headlines about the oil and gas producer an impact score of 45.8247123745364 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Comstock Resources, Inc. to Post Q3 2017 Earnings of ($1.48) Per Share, KeyCorp Forecasts (CRK) (americanbankingnews.com)
- Comstock Resources, Inc. (NYSE:CRK) Sees Light Trading Volume with 164K Shares Changing Hands – Modern Readers (modernreaders.com)
- Shares of Comstock Resources, Inc. (CRK) are value at $6.25 – Wall Street Morning (wallstreetmorning.com)
- Comstock Resources, Inc. (NYSE:CRK) Experiences Lighter than Average Trading Volume – Modern Readers (modernreaders.com)
- What’s Behind Comstock Resources Inc (CRK)’s Movement – Sheridan Daily (sheridandaily.com)
A number of brokerages have commented on CRK. Capital One Financial Corporation reaffirmed an “underweight” rating on shares of Comstock Resources in a report on Monday, August 7th. Zacks Investment Research cut shares of Comstock Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Stifel Nicolaus set a $12.00 target price on shares of Comstock Resources and gave the company a “buy” rating in a report on Monday, August 14th. Finally, ValuEngine cut shares of Comstock Resources from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Comstock Resources presently has a consensus rating of “Hold” and an average target price of $12.21.
Comstock Resources (NYSE:CRK) traded up 0.78% during trading on Friday, hitting $6.47. 60,828 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $6.62 and its 200 day moving average price is $7.89. The firm’s market cap is $100.14 million. Comstock Resources has a 12-month low of $5.35 and a 12-month high of $13.42.
Comstock Resources (NYSE:CRK) last posted its earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) earnings per share for the quarter, beating the consensus estimate of ($1.67) by $0.60. The firm had revenue of $61.47 million for the quarter, compared to analysts’ expectations of $63.93 million. During the same period last year, the firm earned $0.41 earnings per share. Equities analysts forecast that Comstock Resources will post ($5.03) earnings per share for the current fiscal year.
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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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