Do Analysts Agree Friday on Comstock Resources Inc (CRK) Stock's Target Price?

Wall Street is positive on Comstock Resources Inc (CRK). On average, analysts give CRK a Buy rating. The average price target is $12.75, which means analysts expect the stock to gain by 16.87% over the next twelve months. That average ranking earns CRK an Analyst Rating of 17, which is better than 17% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating CRK a Buy today. Find out what this means to you and get the rest of the rankings on CRK!

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Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Comstock Resources Inc Stock Today?

Comstock Resources Inc (CRK) stock is down -2.2% while the S&P 500 is higher by 1.12% as of 12:44 PM on Friday, Nov 10. CRK is down -$0.24 from the previous closing price of $11.15 on volume of 1,177,368 shares. Over the past year the S&P 500 is up 11.11% while CRK is down -41.44%. CRK earned $2.25 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 4.85. Click Here to get the full Stock Report for Comstock Resources Inc stock.