Comstock Resources (CRK) Earns Media Sentiment Score of 0.11
News coverage about Comstock Resources (NYSE:CRK) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Comstock Resources earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the oil and gas producer an impact score of 46.0671265325528 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Comstock Resources : Expands Haynesville Acreage Joint Development Venture (4-traders.com)
- Oversold Spotlight: Comstock Resources, Inc. (CRK) – Wall Street Morning (wallstreetmorning.com)
- Comstock Resources, Inc. Expands Haynesville Acreage Joint … – Nasdaq (nasdaq.com)
- Barclays PLC Lowers Comstock Resources, Inc. (CRK) Price Target to $6.00 (americanbankingnews.com)
- Comstock Resources : Announces Third Quarter 2017 Earnings Date and Conference Call Information (4-traders.com)
A number of brokerages recently commented on CRK. Capital One Financial Corporation reissued an “underweight” rating on shares of Comstock Resources in a report on Monday, August 7th. Zacks Investment Research cut Comstock Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Stifel Nicolaus set a $12.00 price objective on Comstock Resources and gave the company a “buy” rating in a research note on Monday, August 14th. ValuEngine cut Comstock Resources from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, Barclays PLC cut 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. Three investment 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. Comstock Resources presently has an average rating of “Hold” and an average target price of $12.40.
Shares of Comstock Resources (NYSE:CRK) traded up 2.33% during mid-day trading on Friday, hitting $4.83. The stock had a trading volume of 465,390 shares. Comstock Resources has a one year low of $4.23 and a one year high of $13.42. The firm has a 50 day moving average of $5.90 and a 200 day moving average of $7.15. The stock’s market cap is $74.76 million.
Comstock Resources (NYSE:CRK) last announced its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) EPS for the quarter, topping analysts’ consensus estimates of ($1.67) by $0.60. The business had revenue of $61.47 million for the quarter, compared to the consensus estimate of $63.93 million. During the same quarter in the prior year, the business earned $0.41 EPS. On average, analysts forecast that Comstock Resources will post ($5.16) earnings per share for the current year.
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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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