Shares of Comstock Resources Inc. (NYSE:CRK) traded today at $8.25, eclipsing its 52-week high. This new high was reached on below average trading volume as 136,000 shares traded hands, while the average 30-day volume is approximately 3 million shares.
Comstock Resources Inc. (NYSE:CRK) defies analysts with a current price ($8.22) 79.9% above its average consensus price target of $1.65.
Comstock Resources Inc is an independent energy company operating primarily in the Haynesville shale, a natural gas basin located in East Texas and North Louisiana with superior economics and geographical proximity to the Gulf Coast markets. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. Its oil and gas operations are primarily concentrated in Louisiana, Texas and North Dakota.
In the past 52 weeks, shares of Comstock Resources Inc. have traded between a low of $4.24 and a high of $8.25 and is now at $8.22, which is 94% above that low price.
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