Comstock Resources (CRK) Receiving Somewhat Positive Press Coverage, Study Finds

News coverage about Comstock Resources (NYSE:CRK) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. 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 daily sentiment score of 0.04 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 46.7586427692373 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

Comstock Resources (NYSE:CRK) opened at $7.59 on Monday. Comstock Resources has a 52-week low of $4.01 and a 52-week high of $13.42. The stock has a market capitalization of $117.72, a P/E ratio of -0.85 and a beta of -0.46. The company has a debt-to-equity ratio of -3.32, a current ratio of 0.58 and a quick ratio of 0.58.

CRK has been the topic of several research analyst reports. ValuEngine lowered Comstock Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Barclays reduced 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, October 11th. Robert W. Baird set a $12.00 price objective on Comstock Resources and gave the company a “buy” rating in a research note on Friday, November 17th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Comstock Resources in a research note on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Comstock Resources presently has a consensus rating of “Hold” and a consensus target price of $11.40.

In other news, CEO M Jay Allison purchased 41,000 shares of the stock in a transaction dated Monday, December 4th. The stock was acquired at an average cost of $6.17 per share, for a total transaction of $252,970.00. Following the acquisition, the chief executive officer now owns 520,130 shares of the company’s stock, valued at $3,209,202.10. The acquisition was disclosed in a filing with the SEC, which is available at this link. 11.60% of the stock is currently owned by insiders.

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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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