Comstock Resources, Inc. (NYSE:CRK) shares were up 13.7% on Tuesday . The company traded as high as $7.01 and last traded at $6.98. Approximately 577,984 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 324,912 shares. The stock had previously closed at $6.14.
A number of research analysts recently weighed in on CRK shares. ValuEngine lowered shares of Comstock Resources from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Barclays cut their target price on shares of Comstock Resources from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Robert W. Baird set a $12.00 target price on shares of Comstock Resources and gave the company a “buy” rating in a report on Friday, November 17th. KeyCorp reissued a “hold” rating on shares of Comstock Resources in a report on Monday, October 16th. Finally, Stifel Nicolaus set a $12.00 target price on shares of Comstock Resources and gave the company a “buy” rating in a report on Monday, August 14th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $11.40.
The company has a debt-to-equity ratio of -3.32, a current ratio of 0.58 and a quick ratio of 0.58.
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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