Comstock Resources (CRK) Receiving Somewhat Favorable News Coverage, Study Finds
Media coverage about Comstock Resources (NYSE:CRK) has been trending somewhat positive on Tuesday, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news 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 news sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the oil and gas producer an impact score of 47.6368581388146 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s rankings:
- Harmony on the Comstock Music Festival this Saturday in Silver City (carsonnow.org)
- News Buzz: Comstock Resources, Inc. (CRK) (nasdaqplace.com)
- Comstock Resources (CRK) vs. PetroChina (PTR) Financial Survey (americanbankingnews.com)
- Comstock Resources Inc (CRK) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
Shares of CRK traded up $0.41 during mid-day trading on Tuesday, hitting $7.83. The company’s stock had a trading volume of 351,515 shares, compared to its average volume of 676,832. Comstock Resources has a one year low of $4.01 and a one year high of $12.32. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of -2.61. The stock has a market capitalization of $126.16 million, a price-to-earnings ratio of -2.01 and a beta of -0.14.
CRK has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH raised Comstock Resources from a “neutral” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Thursday, August 9th. Zacks Investment Research raised Comstock Resources from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, June 12th. Capital One Financial raised Comstock Resources from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 22nd. ValuEngine raised Comstock Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Finally, Stifel Nicolaus started coverage on Comstock Resources in a research report on Tuesday, May 22nd. They issued a “hold” rating and a $9.80 price objective for the company. Five research analysts have rated the stock with 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 $10.16.
About Comstock Resources
Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, and development of oil and gas resources primarily in Texas and Louisiana. The company is headquartered in Frisco, Texas.
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