Comstock Resources (CRK) Receives Coverage Optimism Rating of 0.21
Media stories about Comstock Resources (NYSE:CRK) have been trending somewhat positive on Monday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. 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 coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 46.0506006924723 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Comstock Resources (NYSE:CRK) last posted its earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.67) by $0.60. The business had revenue of $61.47 million during the quarter, compared to analyst estimates of $63.93 million. During the same quarter last year, the firm earned $0.41 earnings per share.
A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of 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 target on shares of Comstock Resources and gave the stock a “buy” rating in a research note on Monday, August 14th. ValuEngine downgraded shares of Comstock Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, Capital One Financial Corporation reaffirmed an “underweight” rating on shares of Comstock Resources in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Comstock Resources presently has a consensus rating of “Hold” and an average target price of $12.21.
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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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