Media headlines about Comstock Resources (NYSE:CRK) have trended somewhat negative recently, according to AlphaOne Sentiment. The research group, a service of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. AlphaOne 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 -0.05 on AlphaOne’s scale. AlphaOne also assigned news articles about the oil and gas producer an impact score of 82 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have effected AlphaOne Sentiment Analysis’s rankings:
- Company Levels in Review: Comstock Resources, Inc. (NYSE:CRK) – Geneva Journal (genevajournal.com)
- Investor Toolkit: A look at Comstock Resources, Inc. (NYSE:CRK)’s Margin Score – Pearson Press (pearsonnewspress.com)
- The Equities Analysts Issue Forecasts for Comstock Resources Inc’s Q2 2017 Earnings (CRK) – BangaloreWeekly (bangaloreweekly.com)
- Comstock Resources (CRK) Reaches $8.81 After 5.00% Up Move, Cloud Peak Energy (CLD)’s Sentiment Is 1.36 – High Point Observer (highpointobserver.com)
- The Comstock Resources Inc Expected to Earn Q2 2017 Earnings of … – BangaloreWeekly (bangaloreweekly.com)
Shares of Comstock Resources (NYSE:CRK) opened at 8.14 on Friday. Comstock Resources has a 12-month low of $2.64 and a 12-month high of $13.42. The company’s market cap is $125.13 million. The stock has a 50 day moving average of $8.76 and a 200 day moving average of $9.59.
Comstock Resources (NYSE:CRK) last released its earnings results on Monday, May 8th. The oil and gas producer reported ($1.75) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.86) by $0.11. The business had revenue of $53.80 million for the quarter, compared to analysts’ expectations of $57.96 million. During the same quarter last year, the company posted ($1.14) earnings per share. Analysts forecast that Comstock Resources will post ($6.14) earnings per share for the current year.
A number of analysts have issued reports on CRK shares. Zacks Investment Research downgraded shares of Comstock Resources from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th. Robert W. Baird raised shares of Comstock Resources from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $9.00 to $17.00 in a research note on Friday, January 27th. Barclays PLC lifted their price target on shares of Comstock Resources from $7.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, January 26th. Seaport Global Securities reaffirmed a “buy” rating and set a $17.00 price target on shares of Comstock Resources in a research note on Thursday, March 9th. Finally, Stifel Nicolaus assumed coverage on shares of Comstock Resources in a research report on Thursday, March 23rd. They issued a “buy” rating and a $14.00 price objective for the company. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.50.
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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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